BTC is currently trading around $84,800 and ETH around $1,600. Notable gainers in the last 24 hours are RENDER, HYPE and SOL. The global crypto market cap is $2.76T, up 0.4% over the last day. DeFi Total Value Locked is ~$89b and BTC dominance is around 64%.
Notable news includes: US Fed Chair Powell signaled a potential loosening of crypto and stablecoin related rules for banks as the central bank relaxes its previously conservative stance on the sector; the US SEC released the agenda for its next crypto roundtable on custody, which will include panelists from Fireblocks, Anchorage, Copper and others; VanEck said it is aiming for a May 14 launch for its actively managed crypto sector ETF ‘NODE’, which aims to hold 30 to 60 stocks tied to the industry; Galaxy Ventures is reportedly expected to raise close to $180m for its Ventures Fund I LP fund, surpassing its initial $150m target; Bybit announced it’s discontinuing several web3 services as part of its ongoing product optimization strategy; Ethena and Securitize announced they are targeting a Q2 launch for their tokenization-focused ‘Converge’ chain, which will build on tech from Arbitrum and Celestia; AI agent project Eliza Labs launched auto.fun, an AI agent token launchpad; EigenLayer enabled stake slashing, reaching the first feature-complete iteration of the protocol; Lombard Finance launched an SDK that enables streamlined Bitcoin staking functionality for wallets and exchanges, with Binance and Bybit as early adopters; and, Ethereum-based game Treeverse is launching a play-to-airdrop rewards program beginning on April 19.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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