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Trading Desk Market Update: 3/25

March 25, 2022

BTC is currently trading around $44,800 and ETH around $3,200.  Notable gainers in the last 24 hours are CHZ, QNT, and RUNE.  The global crypto market cap is $2.11T, up 3.9% over the last day.  DeFi Total Value Locked is ~$218b and BTC dominance is around 43%.

Notable news includes: The Bank of England is reportedly developing a new framework to bring cryptocurrencies into various existing regulatory fields; US Senators Gillibrand and Lummis are creating a yet-to-be introduced bill promising regulatory clarity for crypto; Russia’s energy chief floated the possibility of accepting bitcoin as a payment for its oil and gas; LG Electronics has officially added blockchain and cryptocurrency as a new business area in its corporate charter; Israel’s Bank Lemui announce plans to enable crypto trading; South Korean crypto exchanges have met the government-mandated deadline for Travel Rule compliance; and, Anchor Protocol will now readjust interest rates each month based on its yield reserve.

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