Daily Market Update: April 3, 2024

April 3, 2024

BTC is currently trading around $65,800 and ETH around $3,300.  Notable gainers in the last 24 hours are ENA, FLR, and BGB.  The global crypto market cap is $2.61T, up 0.9% over the last day.  DeFi Total Value Locked is ~$95b and BTC dominance is around 54%.

Notable news includes: Argentina passed registration requirements for crypto firms; a wallet containing $2b of Bitcoin seized by the DOJ in connection with Silk Road appeared to send a test transaction to Coinbase; Paradigm is reportedly looking to raise up to $850m for a new venture fund; Ark’s spot Bitcoin ETF saw $87m of net outflows yesterday, overtaking GBTC outflows; bitcoin miner Bitfarms announced a $240m mining upgrade to triple its post-halving hash rate; Galaxy’s GK8 custody firm introduced the Tokenization Wizard platform for creating blockchain-based real world assets; OpenSea announced support for the ERC-721C token standard that enables programmable earnings for NFT creators; decentralized ride hailing platform DRIFE migrated to Sui; and, a bug in the code of Lido’s SOL staking protocol blocked access to $24m in deposits.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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