Trading Desk Market Update: 11/25

25.11.2021

BTC is currently trading around $58,000 and ETH around $4,400.  Notable gainers in the last 24 hours are GALA, BAT, and CRV.  The global crypto market cap is $2.76T, up 2.2% over the last day.  DeFi Total Value Locked is ~$265b and BTC dominance is around 42%.

News today is light, though notable items include: The European Council adopted its position on the Markets in Crypto Assets (MiCA) framework, allowing the Council and the European Parliament to enter into negotiations on the proposal before it is formally adopted as law; more than 1 million ETH have been burned following EIP-1559; Dapper Labs, the company behind NBA Top Shot, announced that its NFL NFT marketplace will be called NFL All Day and that it expects it to launch at some point this season; though light on details, Adidas Originals, a brand of the German sportswear clothing firm Adidas, announced a partnership with Coinbase; and Coinbase has acquired the crypto wallet company BRD as part of its goal of “doubling down on investment in self-custody and Web3.”

2021.11.25

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