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Crypto Evening Briefing: Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

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Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

Bitcoin's dominance rate has reportedly surged amid a banking crisis in the US. The cryptocurrency's dominance rate, which measures Bitcoin's share of the total cryptocurrency market capitalization, has risen to over 50%, its highest level in months. 

North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State

North Carolina's House of Representatives has passed a bill prohibiting the state's agencies and institutions from accepting payments in central bank digital currencies (CBDC). The bill would prevent the state's court system or any agencies tied to the state from accepting a Fed Reserve-issued digital dollar and also bans the state from participating in any pilot tests of CBDCs.

Consensus 2023: Businesses Show Interest in Web3, Despite U.S. Regulatory Challenges

Despite recent regulatory struggles around cryptocurrency adoption in the United States, the annual crypto and blockchain conference Consensus attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas. The turnout demonstrated that U.S.-based companies and international organizations are still very much interested in implementing Web3 technology into their business models.

US SEC Asked To Reply In 10 Days To Coinbase Complaint

The US Securities and Exchange Commission (SEC) will reportedly reply within the next 10 days to a complaint filed by Coinbase over its lending product. Coinbase had announced plans to launch a lending product that would allow users to earn interest on their cryptocurrency holdings. 

Nigeria Approves National Policy to Create 'Blockchain-Powered' Economy

Nigeria has reportedly approved a national policy to create a blockchain-powered economy. The policy is aimed at promoting the use of blockchain technology to drive innovation, economic growth, and job creation in the country. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $28,930.99 USD, jumped by 2.44% in the last 24 hours;

ETH’s live price is $1,893.91 USD, jumped by 2.31% in the last 24 hours;

BNB’s live price is $325.73 USD, jumped by 1.05% in the last 24 hours;

XRP's live price is $0.4598 USD, jumped by 1.44% in the last 24 hours.

Fundraising News

OpenTrade Raises Over $1.5M for Crypto Structured Financial Products

OpenTrade, a decentralized finance (DeFi) protocol platform that provides on-chain liquidity pools with specific investment criteria, underlying assets, and target yields, has raised just over $1.5 million in a funding round led by Sino Global Capital.

AlienSwap Raises $12 Million to Build the Leading NFT Trading Layer

AlienSwap, a community-based NFT marketplace and aggregator, has raised $12 million in a strategic funding round led by NEXT Leader Capital and C² Ventures. Other investors include OKX Ventures, Araceae Capital, BIP32 Venture, Hyper10n Capital, Eureka Trading, Mission Street Ventures, and Phyrex.

Vaultka Raised $400,000 in the Private Investment Round to Fund the Development of Optimizing the Ecosystem of Perpetual Exchange on Arbitrum

Vaultka successfully raised $400,000 in the private investment round to fund the development of optimizing the ecosystem of perpetual exchange on Arbitrum. Investors in the round include Rexian Capital and Meerkat Venture Partners. The funds were raised in the stablecoin USDC at a valuation of $8M.

Bitget Pledges $10M for Blockchain4Youth Corporate Responsibility Project

Bitget, a cryptocurrency exchange, has reportedly pledged $10 million towards its "Blockchain4Youth" corporate responsibility project. The project aims to promote blockchain education and innovation among young people, with a focus on underprivileged communities in developing countries. 

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