POKKET: Crypto Market Update (July 21)

crypto news, bitcoin price

Bitcoin is softer -4% to just below $30k, while ETH is doing better, -2.5% to $1775. Movers are FET +18%, POLY +15%, LIT -17%, LINA -15%, rest in between.

FTX has just closed a $900M funding round with investors Sequioa and Coinbase Ventures, at a valuation of $18B.

The EU wants to ban anonymous crypto wallets by 2024, which has people scratching their heads as this may extend to cash as well (logically speaking).

Circle reveals the backing behind USDC in a new blog post, saying it will provide timely reserve attestations through Grant Thornton, which had recently put out a report saying the stablecoin is backed by $22.2B in reserves of which $13.4B is in cash.

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