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Daily Digest: Bitcoin Price Falls Below $19,000, Downturn Continues

Some cryptocurrencies gave up their gains yesterday as BTC slid below 19,000, and DXY took a rally to 112, which is considered negative for bitcoin price.

In Coin360 Daily Digest:

2/ BTC failed to break 19,500 today.

It is trading under 18,800 at the time of writing, posting a 1.4% drop in the past 24h. Traders are waiting for Powell's comments at the "Fed Listens" event.

Macro, BTC & ETH technical analysis:

Can BTC stay afloat despite DXY surge and stocks slump?Can BTC stay afloat despite DXY surge and stocks slump?

3/ Meanwhile, ETH posted a 0.6% increase in the past 24h. From 1,260, it climbed over 1,300 at one point then came back to 1,280.

Top gainers: CRO XDC FEI Top losers:

LEO LUNC TON

More details in our heatmap:

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

4/ @CFTC created strong criticism after the regulator fined bZeroX and its founders 250,000 for various violations, and settled the same charges against @OokiTrade DAO.

CFTC Action Against DAO Outrages Crypto and One of Its Own Commissioners - The DefiantCFTC Action Against DAO Outrages Crypto and One of Its Own Commissioners - The Defiant

5/ In the new proposal, @harmonyprotocol shared the goal of “preserving the foundation of the Harmony blockchain with 0% minting,” and proposed to use the foundation treasury for recovery funds.

Harmony Protocol Amends Recovery Plan After 100 Million Horizon Bridge Exploit - Ethereum World NewsHarmony Protocol Amends Recovery Plan After 100 Million Horizon Bridge Exploit - Ethereum World News

6/ Singapore banking giant @dbsbank has rolled out crypto trading for its wealth clients who are accredited investors.

DBS offers self-directed trading for accredited investorsDBS offers self-directed trading for accredited investors

7/ @Coinsquare one of Canada's largest digital asset trading platforms, acquired @CoinSmart for an undisclosed amount.

Coinsquare acquires publicly traded crypto exchange CoinSmartCoinsquare acquires publicly traded crypto exchange CoinSmart

8/ @Chain signed a four-year deal to be an official blockchain and web3 sponsor for the @Patriots football team.

NFT Software Company Chain Inks Four-Year Deal With New England Patriots - DecryptNFT Software Company Chain Inks Four-Year Deal With New England Patriots - Decrypt

9/ Crypto-focused finance company Delio has partnered with @BlockdaemonHQ to launch retail-focused staking services.

The firm didn’t specify which crypto assets will be included in the new staking services.

Korean Crypto Bank Inks Deal to Offer Ethereum Staking to Investors - The DefiantKorean Crypto Bank Inks Deal to Offer Ethereum Staking to Investors - The Defiant

10/ @3commas_io an automated trading bot platform for crypto, raised 37M in a Series B funding round.

@AlamedaResearch @jump_ @TargetGlobalVC and @tokarev_d co-led the round. A subsidiary called DeCommas will be born using the funds.

Alameda Research, Jump Crypto Lead 37M Funding for 3Commas Automated Crypto Trading PlatformAlameda Research, Jump Crypto Lead 37M Funding for 3Commas Automated Crypto Trading Platform

11/ Metaverse infrastructure developer @hadeaninc secured 30M in its Series A funding round led by @MoltenVentures

Other investors included @EpicNewsroom 2050 Capital, @alumniventures Aster Capital, Entrepreneur First and InQTel.

Hadean raises 30M to create infrastructure for the metaverseHadean raises 30M to create infrastructure for the metaverse

12/ @acmilan is partnering with @TheMonkeyLeague on a new collection of NFTs.

The collaboration will let fans mint Rossoneri-branded wearables and give them access to game tournaments.

Italy's AC Milan Launches NFT Game With MonkeyLeagueItaly's AC Milan Launches NFT Game With MonkeyLeague

14/ Other news:

World Economic Forum launches coalition to use web3, blockchain for positive climate action:

IRS targets crypto tax evaders with M.Y. Safra Bank summons over SFOX data:

World Economic Forum launches coalition to use web3, blockchain for positive climate actionWorld Economic Forum launches coalition to use web3, blockchain for positive climate action
IRS Targets Crypto Tax Evaders With M.Y. Safra Bank Summons Over SFOX Data - DecryptIRS Targets Crypto Tax Evaders With M.Y. Safra Bank Summons Over SFOX Data - Decrypt

15/ UK introduces law to seize, freeze and recover crypto:

@Sudoswap surpasses 50M in volume months after launch:

Russia more bullish on BTC than ever as it legalizes crypto for international payments:

UK Introduces Law to Seize, Freeze and Recover CryptoUK Introduces Law to Seize, Freeze and Recover Crypto
SudoAMM passes 50 million in trading volume across 90,000 transactionsSudoAMM passes 50 million in trading volume across 90,000 transactions
Russia More Bullish On Bitcoin Than Ever As It Legalizes Crypto For International PaymentsRussia More Bullish On Bitcoin Than Ever As It Legalizes Crypto For International Payments

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