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Trading Desk Market Update: 1/19

January 19, 2022

BTC is currently trading around $42,400 and ETH around $3,150.  Notable gainers in the last 24 hours are THETA, LRC, and FTM.  The global crypto market cap is $2.11T, up 0.8% over the last day.  DeFi Total Value Locked is ~$228b and BTC dominance is around 41%.

Notable news today includes: Iran is planning to introduce a national cryptocurrency soon; two leading South Korean presidential candidates are set to unveil pro-crypto plans; the vice-chair of the European Securities and Markets Authority called for potentially banning proof-of-work crypto mining; Coinbase has partnered with Mastercard to allow its users to purchase NFTs with credit and debit cards in its upcoming NFT marketplace; OpenSea has acquired Ethereum wallet project Dharma; Opera has unveiled a new web browser with a built-in non-custodial wallet; and, the percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in 4Q21, per the Bitcoin Mining Council.

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