Trading Desk Market Update: 4/26

April 26, 2022

BTC is currently trading around $40,300 and ETH around $3,000. Notable gainers in the last 24 hours are SNX, GRT, and DOGE. The global crypto market cap is $1.95T, up 3.5% over the last day. DeFi Total Value Locked is ~$213b and BTC dominance is around 42%.

Notable news includes: Fidelity revealed they will provide clients access to bitcoin in their 401(k) accounts; Bybit announced they will begin offering cryptocurrency options trading; crypto tax calculator Koinly integrated Terra into its platform; Brazilian crypto asset manager Hashdex has been approved to list ETPs in Switzerland; Grayscale submitted a letter to the SEC in an attempt to get the nod for the first spot-based bitcoin ETF approval in the US; uncollateralized DeFi lending protocol Maple deployed a $45m Solana ecosystem fund; Stacks Ventures revealed plans to incubate 11 new projects in an attempt to make CityCoins more appealing to global mayors; PROOF raised $10m from Alexis Ohanian’s VC firm following the successful Moonbirds launch; and, Twitter accepted Elon Musk’s $44b takeover bid.

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