The global crypto market cap is $1.29 trillion with a 24-hour volume of $75.2 billion. The price of Bitcoin is $30,130.39 and the BTC dominance is at 44.3%.
MiamiCoin, a cryptocurrency built for Miami, is down more than 90% since its launch in 2021, which has given rise to regulatory concerns, according to a Quartz report.
UK’s exchequer has just affirmed its vow to regulate stablecoins to create a healthy environment for stablecoin issuers and service providers, given the recent TerraUSD (UST) and Terra (LUNA) market crash.
CoinShares’ latest report has revealed that investment into crypto products scored a record inflow of $274 million last week as crypto investors looked to take advantage of the market-wide crash that resulted in the market cap of the industry dropping below the $1.5 trillion mark.
El Salvador President Nayib Bukele announced a meeting of 32 central banks and 12 financial authorities from 44 countries on Twitter late Sunday night.
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins.
