Daily Market Update: April 4, 2024

April 4, 2024

BTC is currently trading around $67,600 and ETH around $3,400.  Notable gainers in the last 24 hours are ENA, MNT, and CHZ.  The global crypto market cap is $2.68T, up 2.7% over the last day.  DeFi Total Value Locked is ~$96b and BTC dominance is around 54%.

Notable news includes: a consortium of central banks led by the BIS announced the Project Agora initiative to explore tokenization as a means to enhance existing financial systems; the Bank of England and FCA started consultation on draft guidance for their Digital Securities Sandbox to enable the testing of distributed ledger technology for trading and settlement; Lithuania announced it will impose strict licensing requirements on crypto firms by 2025; Grayscale’s GBTC saw its lowest daily outflow yesterday since February at $75m; Binance announced its NFT marketplace will no longer support Bitcoin Ordinals; Ripple announced it will launch a new USD-pegged stablecoin; Bitcoin Cash surged 10% after completing its own halving event; Lido’s Ethereum staking market share fell below 30%; interoperability and staking hub Picasso Network successfully integrated the Inter-Blockchain Communication protocol with Ethereum; and, the ApeCoin community approved a proposal to register “.APE” as a new top-level domain with ICANN.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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