Trading Desk Market Update: 4/20

April 20, 2022

BTC is currently trading around $41,700 and ETH around $3,100. Notable gainers in the last 24 hours are SNX, APE, and AAVE. The global crypto market cap is $2.04T, up 2.5% over the last day. DeFi Total Value Locked is ~$217b and BTC dominance is around 42%.

Notable news includes: Binance US was awarded a money transmitter license in Puerto Rico; the FCA named an interim head of the new digital assets unit; regulators have approved Australia’s first Bitcoin Futures ETF; Robinhood reached an agreement to acquire UK crypto app Ziglu; Okcoin launched its own NFT marketplace; the NBA announced dynamic playoff NFTs built on Ethereum that will change alongside athlete performance; MakerDAO announced an upcoming deployment on layer-2 network StarkNet; an Optimism token price page appeared on Coinbase suggesting a token may be on the way; Lido allocated $6m to Ethereum development; Bitcoin miner Hut 8 revealed plans to buyout their hosting clients in favor of a 100% self-mining strategy; Silvergate noted that they may expand their bitcoin lending program; blockchain analytics firm Flipside Crypto raised $50m; and, Framework Ventures raised a 400m fund to invest in Web3, gaming, and DeFi.

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