The crypto market capital is currently around 1.5 trillion dollars, with Bitcoin market capital under a trillion dollars. Ethereum had a market capitalization of about 185 billion dollars, Cardano ADA market capital was about 32 billion dollars, and Polkadot was at 30.5 billion dollars. Litecoin and Chainlink are two altcoins showing many potentials, especially in the long-run despite the dumps.
Looking at Cardano and Polkadot on the Fear and Greed Chart index, the market seems to be feeling less greedy than it did around this time last week, especially after the Monday and Tuesday dump.
People are not as fearful as they were in the previous dump, also probably because the dump is still fresh in their minds.
Novogratz's Galaxy has reached 1.2 billion in asset units. Big companies and hedge funds are all increasing at the moment. Today was exceptionally good for the crypto space as Bitcoin's second North American ETF has started a price war. Evolve fund group in Canada lowered the price on its Bitcoin ETF ticker. It is 0.75 percent down from one percent; it is less for them to hold the bitcoin in their ETF. This is inciting a price war in Canada, and it looks like a lot of people are preparing to start purchasing Bitcoin in an ETF.
A Canadian Bank has launched its first fiat-backed digital currency. For the launcher, Versa bank partnered with Stable Corp, a joint venture between crypto asset manager 3.1q and blockchain development firm, Maven net.
There is a possibility that Ripple is not part of this Ripple might not have any part with Stable Corp, Versa bank, and the other companies setting up their fiat-backed digital currencies.
XRP is the actual token that can be used to make transfers to banks without making them fiat-backed. Still, in this case, as a Canadian bank is interested in something like that, they would instead go and develop something that would be fiat-backed so that they can make the transfers with something that is of more value.
It seems like the Bitfinex and the Tether fudd is over; Bitfinex and Tether (of USDT) have now been banned from operating in New York and must pay an eighteen million dollar fine. On the bright side, Tether alone is currently worth 35 billion dollars, so eighteen million dollars might probably not be a problem for them.
