Daily Market Update: May 10, 2024

May 10, 2024

BTC is currently trading around $63,000 and ETH around $3,000.  Notable gainers in the last 24 hours are AKT, TON, and AR.  The global crypto market cap is $2.45T, up 3.2% over the last day.  DeFi Total Value Locked is ~$93b and BTC dominance is around 55%.

Notable news includes: the EU’s securities watchdog is reviewing digital asset eligibility for its UCITS regulatory framework; Robinhood met with the SEC 16 times before being served with a Wells Notice by the regulator; Binance and KuCoin became the first offshore crypto exchanges to register with India’s Financial Intelligence Unit; Japan-based technology and hospitality services company Metaplanet purchased additional Bitcoin; Magic Eden surpassed Blur as the top NFT marketplace by trading volume in April on the back of Ordinals sales; EigenLayer’s data availability solution EigenDA will accept staking delegations starting today as EIGEN token claims open up; and, viral Telegram-based game Notcoin announced it will launch its NOT token next week.

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Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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