S&P Global Ratings Forms DeFi Group

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Today’s Cryptocurrency Headline

S&P Global Ratings has established a DeFi Strategy group to build the firm’s decentralized marketplace framework for investors. Additionally, the company has hired Chuck Mounts as chief DeFi officer to lead the division and will work closely with the newly appointed DeFi transformation head, Charles Jansen. The team will build S&P’s analytical and risk assessment capabilities for traditional finance and DeFi clients. Previously, S&P Global said last year that it was looking to hire crypto analysts to address “the potential wide-ranging impact of decentralized finance on the existing ecosystem.”

BingX’s Bitcoin Chart

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According to a16z’s 2022 State of Crypto Report, Ethereum has, by far and away, the most builders, with nearly 4,000 monthly active devs. Next is Solana with nearly 1,000 and Bitcoin at about 500. BTC is up 3.33% over the last 24 hours and has risen to an intraday high of $30,741.54. The largest cryptocurrency returned above the $30,000 psychological price level, which is a positive sign. However, the Crypto Fear & Greed Index hit 8/100 today, which is the lowest value since March 28, 2020.

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