Trading Desk Market Update: 4/12

April 12, 2022

BTC is currently trading around $40,600 and ETH around $3,100. Notable gainers in the last 24 hours are SHIB, NEAR, and APE. The global crypto market cap is $1.99T, up 0.1% over the last day.  DeFi Total Value Locked is ~$211b and BTC dominance is around 42%.

Notable news includes: Iran revealed plans to launch their own CBDC; the DTCC revealed plans to develop a CBDC prototype; Coinbase announced an animated film series inspired by Bored Ape Yacht Club NFTs; the TONcoin Fund announced the launch of a $250m ecosystem fund supporting TON-based projects; White Star Capital raised $120m for a Web3 investment fund; Uniswap launched a venture wing to make early-stage Web3 investments; Volt Protocol raised $2m for an ‘inflation-resistant stablecoin’; Epic Games raised $2b to help build the metaverse, although it’s unclear if they’ll utilize blockchain technology; and, a new NFT token standard (ERC721R) sets a refund give-back period for minters.

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