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Crypto Market Struggles as At $19K High, Bitcoin Stays Stable at 20-Year High

0/ The crypto market underwent a weak rebound today as investors are still waiting for the FOMC meeting details.

Both BTC and stocks were trading quite flat, but as the DXY rose to its 20-year high, is there any chance for the market to move up?

In Coin360 Daily Digest:

2/ BTC posted a modest 0.7% gain to keep the price above 19,000, while DXY reached its highest level in 20 years at 110.98 at the time of writing.

BTC's stability could hint toward a potential bull trap for late longers.

BTC ETH technical analysis:

Is BTC setting up a bull trap hours before the FOMC meeting?Is BTC setting up a bull trap hours before the FOMC meeting?

3/ ETH seemed weaker than BTC today with a 1.2% drop in the past 24h, partly due to low volume.

XCN CEL USDN KSM APE were leading the top 100 gainers' list today.

More details in our heatmap:

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ New stablecoins backed by assets created by the same issuers or "endogenously collateralized stablecoins" will not be allowed for at least the next two years, according to the draft stablecoin bill in Congress.

Will it affect DAI and FRAX?

Could the New House Stablecoin Bill Kill FRAX and DAI?Could the New House Stablecoin Bill Kill FRAX and DAI?

5/ A New York judge ordered @Tether_to & @bitfinex to produce documents showing the backing of the USDT stablecoin.

It came as part of a three-year-old class action lawsuit from a group of investors against these two firms.

US Judge Orders Tether to Prove What Backs USDT - BlockworksUS Judge Orders Tether to Prove What Backs USDT - Blockworks

6/ @bobanetwork has expanded its support to be the first L2 for @avalancheavax It will be available to help scale dApps built on C-Chain.

An Avalanche of Boba is coming!An Avalanche of Boba is coming!

7/ @MessariCrypto has raised a 35M Series B funding round led by @BHDigitalAssets

Some new investors include FTX Ventures, @DigitalCurrents and @SamsungNext among others.

Brevan Howard leads 35 million round for crypto analytics platform MessariBrevan Howard leads 35 million round for crypto analytics platform Messari

8/ @Arbitrum has been making waves after @OpenSea announced support for it:

The team paid 400 ETH (about 560,000) to a white hat hacker who found a potential vulnerability in its code, which could lead to a 470M hack, but:

OpenSea NFT Marketplace Welcomes Arbitrum Support to Onboard New Collections - BeInCryptoOpenSea NFT Marketplace Welcomes Arbitrum Support to Onboard New Collections - BeInCrypto
White hat hacker grumbles over Arbitrum bounty reward after saving network from 475M lossWhite hat hacker grumbles over Arbitrum bounty reward after saving network from 475M loss

9/ As per @WSJs report, @FTX_Official and @Binance have reportedly made the top bids of approximately 50M each for the assets of @investvoyager

Binance and FTX Lead 50M Race to Purchase Voyager's Assets: Report - DecryptBinance and FTX Lead 50M Race to Purchase Voyager's Assets: Report - Decrypt

10/ @CoinbaseCloud has launched Node, a developer-focused revamp of its enterprise Query & Transact (QT) platform that offers a node service accessible free of cost to developers.

Coinbase Cloud debuts Web3 developer platformCoinbase Cloud debuts Web3 developer platform

11/ @SPiCE_VCs second venture fund is expected to have its first close mid-fourth quarter as it works toward a 250M target.

12/ Hong Kong billionaire Adrian Cheng’s VC firm @CVenturesfund reportedly plans to raise a new 200M crypto fund.

Hong Kong billionaire's VC firm plans to raise a new 200 million fund to invest in crypto: BloombergHong Kong billionaire's VC firm plans to raise a new 200 million fund to invest in crypto: Bloomberg

13/ @Nomura one of Japan's biggest investment banks, is launching a new venture capital unit to invest in the crypto space named Laser Venture Capital.

The fund will focus on DeFi, CeFi, web3 and blockchain infrastructure.

Japanese Firm Nomura Incorporates Crypto Subsidiary in SwitzerlandJapanese Firm Nomura Incorporates Crypto Subsidiary in Switzerland

14/ Other news:

@21Shares launches Ethereum exchange-traded product tailored to the bear market:

Are companies, aside from @MicroStrategy still buying bitcoin?

21Shares launches Ethereum exchange-traded product tailored to the bear market: Exclusive21Shares launches Ethereum exchange-traded product tailored to the bear market: Exclusive
Are Companies … Aside From MicroStrategy … Still Buying Bitcoin?Are Companies … Aside From MicroStrategy … Still Buying Bitcoin?

15/ The impact of the @wintermute_t hack could have been worse than 3AC, Voyager and Celsius — Here is why:

Evaluating @Ethereum 1 week after the Merge:

The impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is whyThe impact of the Wintermute hack could have been worse than 3AC, Voyager and Celsius — Here is why
Evaluating Ethereum: 1 Week After the MergeEvaluating Ethereum: 1 Week After the Merge

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