Trading Desk Market Update: 4/4

April 4, 2022

BTC is currently trading around $46,100 and ETH around $3,450.  Notable gainers in the last 24 hours are CELO, MINA, and CAKE.  The global crypto market cap is $2.24T, down 0.9% over the last day.  DeFi Total Value Locked is ~$230b and BTC dominance is around 42%.

Notable news includes: SEC rejected Ark/21Shares spot Bitcoin ETF; Coinbase revealed plans to invest in various India-based Web3 initiatives despite controversial tax/regulatory changes; reports indicated Goldman Sachs is looking to offer ‘full spectrum’ crypto investments to wealthy clients; CME announced that they are evaluating Solana and Cardano futures; Riot Blockchain filed a shelf offering for the sale of $500m in shares; Bitcoin miner PrimeBlock revealed plans for a $1.25b SPAC deal; Greenidge’s mining permit renewal was delayed by regulators in NY; Wormhole reportedly seeking a private token sale at a $2.5b price tag; the 19 millionth bitcoin was mined on Friday with only 2m remaining to be mined; Tezos deployed major ‘Tenderbake’ upgrade; and, 1,400 ETH from Ronin exploit has been moved to Tornado Cash. 

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