Daily Market Update: Apr 6, 2023

April 6, 2023

BTC is currently trading around $27,900 and ETH around $1,850. Notable gainers in the last 24 hours are TWT, MKR, and NEO. The global crypto market cap is ~$1.23T, down ~2.2% over the last day. DeFi Total Value Locked is ~$51b and BTC dominance is around 47%.

Notable news includes: The Australian securities regulator cancelled Binance’s local derivatives license; Dubai regulators reportedly demanded that Binance provide information on its ownership and governance structure; Singapore is composing new guidelines for banks with crypto clients; Bitstamp launched a new lending product across its crypto-friendly markets; Jane Street, Tower Research, and Radix were reportedly the ‘VIP’ clients referenced in the CFTC’s lawsuit against Binance; OPNX, the new claims exchange run by the disgraced 3AC founders, traded just fourteen dollars of volume during its first day; MicroStrategy bought 1,045 more bitcoin; Binance’s self-custody wallet integrated a crypto-to-fiat off-ramp; a Chinese insurance company launched two crypto funds in partnership with Waterdrip Capital; an NFT collector fat fingered a 100 ETH bid for a free mint; and, a blogger found that the Bitcoin white pape

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

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