Trading Desk Market Update: 12/30

December 30, 2021

BTC is currently trading around $47,400 and ETH around $3,725.  Notable gainers in the last 24 hours are ALGO, ATOM, and XMR.  The global crypto market cap is $2.34T, up 0.6% over the last day.  DeFi Total Value Locked is ~$248b and BTC dominance is around 40%.

Notable news includes: due in part to the rising popularity of NFTs, the number of Ethereum addresses with a non-zero balance hit an all-time-high and now total over 71m; Russia’s largest bank Sberbank has introduced the country’s first blockchain ETF, which provides exposure to companies in the industry like Coinbase and Galaxy Digital; Robinhood will start offering a beta version of its crypto wallet in January; Upbit, Bithumb, and Korbit will join Coinone in banning transfers to non-verified wallets; Polygon quietly fixed a vulnerability discovered by white hat hackers that put nearly $24b at risk; Soon-to-launch Cardano-based NFT marketplace Fiborite opens registration for artists; and a Times Square building owner and DCG have partnered to recreate the New York City New Year’s Eve ball drop in Decentraland.

2021.12.30

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