BTC is currently trading around $90,900, ETH around $1,700, and SOL around $145. Notable gainers in the last 24 hours are FARTCOIN, CRV and KAS. The global crypto market cap is $2.94T, up 2.9% over the last day. DeFi Total Value Locked is ~$91b and BTC dominance is around 64%.
Equity and crypto markets are rallying higher as they recover from recent selloffs amid a slow news day on the macro front today.
Notable news includes: The US CFTC is seeking public feedback on the possibility of allowing around-the-clock derivatives trading and introducing perpetual futures contracts in US derivatives markets; Paul Atkins officially took over as US SEC chair; the full Federal Court of Australia ruled in favor of Block Earner in its case against the Australian Securities and Investments Commission which claimed its Access product was an unregistered financial product: Dutch bank ING is reportedly working on a stablecoin project together with other bank partners; Crypto.com and Trump Media finalized and signed a binding agreement to launch their previously announced crypto-focused ‘Made in America’ ETFs; Coinbase Derivatives launched XRP and nano XRP futures contracts; Bithumb is reorganizing into two units, an exchange-focused one and another focused on asset management and venture investments, ahead of IPO; WazirX plans to restart operations and begin creditor payments on May 13, as it plots return from last year’s hack, pending court approval; Circle unveiled the Circle Payments Network, which will allow banks and financial providers to move money instantly 24/7 using stablecoins; Astra Fintech launched a $100m fund to support the growth of the Solana ecosystem in Asia; and, Mantra announced it plans to burn 300m OM tokens, including 150m from its founder, all in worth around $160m, as it attempts to recover from last week’s crash.
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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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