Daily Market Update: Apr 21, 2023

April 21, 2023

BTC is currently trading around $28,200 and ETH around $1,900. Notable gainers in the last 24 hours are ZIL, BSV, and LEO. The global crypto market cap is ~$1.24T, down ~1.8% over the last day. DeFi Total Value Locked is ~$50b and BTC dominance is around 47%.

Notable news includes: the $190b Ontario pension fund will reportedly stop investing in crypto after writing off its $95m investment in FTX; MakerDAO approved transferring up to $500m in USDC to Coinbase Custody for a 2.6% yield; Ethereum Name Service added fiat payment solutions for ENS domain registrations; Flashbots introduced the beta version of its MEV-Share protocol that aims to distribute a portion of MEV to Ethereum users; the highly anticipated Madlads NFT mint was delayed after intense demand effectively DDoS’d the supporting wallet provider; the Solana Monkey Business IP was officially acquired by a DAO of the NFT holders; P2P.org raised $23m to drive its institutional staking offering; and, Do Kwon was charged with forgery by Montenegro prosecutors.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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