Trading Desk Market Update: 4/28

April 28, 2022

BTC is currently trading around $39,500 and ETH around $2,900. Notable gainers in the last 24 hours are GMT, GRT, and LDO. The global crypto market cap is $1.90T, up 0.7% over the last day. DeFi Total Value Locked is ~$210b and BTC dominance is around 42%.

Notable news includes: the Philippines revealed plans to pursue a wholesale CBDC; NYC Mayor Eric Adams urged the state to abandon their ‘stifling’ BitLicense scheme; Gibraltar introduced regulation to tackle crypto market manipulation; the acting OCC comptroller called for standards on stablecoins comparable to the early internet; Bitcoin miner Riot revealed they are building a new one gigawatt facility in Navarro County, Texas; Goldman Sachs revealed they are looking into the tokenization of real assets as NFTs; Coinbase listed competing stablecoin Binance USD for trading on the Ethereum network; Evmos, the EVM-compatible Cosmos chain, mounted a comeback after a botched launch in March; Flare announced a partnership with Algorand to build a Bitcoin bridge; Magic Internet Money revealed a new peer-to-peer lending market; DeFi wallet Argent raised $40m; Finland’s government will reportedly donate bitcoin seized in criminal operations to Ukraine; and, Zcash Media unveiled that Edward Snowden was the final pseudonymous participant in Zcash’s trusted set-up in 2016.

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