Trading Desk Market Update: 4/18

April 18, 2022

BTC is currently trading around $39,400 and ETH around $2,950. Notable gainers in the last 24 hours are DCR, XCN, and FXS. The global crypto market cap is $1.92T, down 2.9% over the last day. DeFi Total Value Locked is ~$206b and BTC dominance is around 42%.

Notable news includes: Russia revealed plans to legalize crypto as a means of payment; Iran stiffened penalties on the illegal use of subsidized energy in crypto mining; President Biden revealed plans to nominate former Ripple advisor Michael Barr as Fed Vice-Chair for Supervision; Terra’s UST flips BUSD to become the third-largest stablecoin; DeFi protocol Beanstalk loses $180m in flash loan exploit; Ethereum privacy tool Tornado Cash publicized that they use Chainalysis to block OFAC sanctioned wallets; the Moonbirds NFT mint raised $66m; and, Twitter’s board approved a poison pill in attempt to prevent Elon Musk’s buyout. 

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