Trading Desk Market Update: 4/19

April 19, 2022

BTC is currently trading around $41,100 and ETH around $3,100. Notable gainers in the last 24 hours are STEPN, RUNE, and NEAR. The global crypto market cap is $2.00T, up 3.9% over the last day. DeFi Total Value Locked is ~$213b and BTC dominance is around 42%.

Notable news includes: the U.S. government warned that North Korea is targeting crypto firms; political parties in Ireland have been banned from accepting crypto donations; Animoca Brands announced the acquisition of digital marketing agency Be Media; KuCoin launched a $100m fund to support NFT projects; The Sandbox is reportedly looking to raise $400m at a $4b valuation; Indian crypto exchange CoinDCX raised over $135m at a $2.15b valuation; Bitfinex suffered a trading outage; BNB Chain expected to burn $770m worth of BNB; the Ethereum Foundation has diversified ~19% of their treasury into non-crypto assets; and, Andre Cronje released two medium posts pushing for more regulation in crypto.

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