1. According to Glassnode blockchain analytics, the crypto sector lost around $110 billion in marketcap because after $2.3 billion in crypto was sold off, crashing BTC by $5,000. (Read More)
2. Crypto Markets Jump on OCC Approval for Banks to Use Blockchains. The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
3. Bitcoin price is still trading well above $30,000 after a nearly $5,000 retreat from highs set at the turn of the new year. But during the first decent-sized correction in the cryptocurrency since $20,000 was broken, one parabolic indicator could be suggesting that the daily uptrend has been lost.
4. Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury’s proposal to require businesses like crypto exchanges to know the identities behind wallets with which they transact.
5. Monday evening, the Treasury’s Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks. Referring to of independent node verification networks, the OCC’s interpretive letter says that banks “may use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as payment activities.”Continue Reading on Coin Telegraph.
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