Trading Desk Market Update: 4/21

April 21, 2022

BTC is currently trading around $42,800 and ETH around $3,150. Notable gainers in the last 24 hours are TRX, EOS, and THETA. The global crypto market cap is $2.07T, up 0.8% over the last day. DeFi Total Value Locked is ~$217b and BTC dominance is around 42%.

Notable news includes: Binance cut back services provided to Russian clients in line with EU sanctions; the US sanctioned Russian Bitcoin miner, BitRiver; Germany’s Commerzbank applied for a local crypto license; Coinbase launched the beta version of their highly anticipated NFT platform; Coinbase is reportedly having conversations to acquire Turkish crypto exchange BtcTurk for ~$3.2b; Goldman Sacks is reportedly looking to forge ties with FTX on crypto market making; Simplify filed for a Bitcoin Futures ETF with a Bitcoin Options overlay; Index Coop launched a new NFT index fund; the Terra-backed 4pool went live on the Fantom network; the 0x token rallied on news that the protocol will power Coinbase’s NFT platform; zk-rollup scaling technology Scroll raised $30m from Bain Capital and others; flared-gas Bitcoin miner Crusoe Energy raised a $350m Series C; and, Binance had a PR disaster as they unveiled a new swastika-like emoji on Hitler’s birthday. 

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