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Trading Desk Market Update: 4/5

April 5, 2022

BTC is currently trading around $46,600 and ETH around $3,500.  Notable gainers in the last 24 hours are CELO, RUNE, and NEAR.  The global crypto market cap is $2.26T, up 0.8% over the last day.  DeFi Total Value Locked is ~$236b and BTC dominance is around 42%.

Notable news includes: The UK revealed plans to embrace stablecoins as a ‘valid form of payment’, aiming to make Britain a global hub for crypto; report indicates more than three quarters of central banks globally are considering a CBDC; Gensler to seek collaboration between SEC and CFTC in regulating crypto exchanges; Jamie Dimon changed pace and said “DeFi and Blockchain are real”; Crypto VC funding surged 713% YoY in 2021; FTX US acquired an equity stake in Flash Boys featured exchange, IEX; the merger between digital asset mining firms Sphere 3D and Gryphon Digital was terminated; FXS jumped as Terra introduced the new 4pool on Curve; Waves-based stablecoin Neutrino lost its peg amidst claims of manipulation; Intel unveils new Bitcoin mining ASIC branded ‘Blockscale’; and, German authorities shut down the largest remaining illicit dark web market and seized $25m in bitcoin.

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