Cryptocurrency markets consolidating as regulators target Decentralised Finance protocols

10 Sep 2021

📈 BTC | $46,376 (+350, +0.8%)
📉 ETH | $3,422 (-58, -1.7%)
📉 XRP | $1.09 (-0.02, -1.7%)
📉 LTC | $180 (-0, -0.2%)

📈 Total Crypto Market Cap: $2.11T (+0.6%)

💳 Mastercard has acquired a blockchain analytics company – CipherTrace, in a bid to boost its own crypto security toolkit and to better comply with cryptocurrency regulatory guidelines. CipherTrace has in the past built compliance tools for Decentralised Exchanges.

👨‍⚖️ The SEC’s ongoing tussle with Coinbase over Coinbase Lend (a high-interest savings account for stablecoin USDC) may likely have wider implications on other Decentralised-Finance projects. Speculation remains that such products are inevitably positioned for regulation, being a high-yield deposit facility without any deposit insurance.

🤔 NFT trading volumes are declining – and are currently -80% off from the daily highs seen around a month ago. “NFT season” is unlikely to be fully over however, given the launch of specific, highly-anticipated projects earlier in August that saw a massive spike in NFT volumes.


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