BTC is currently trading around $81,900 and ETH around $1,800. Notable gainers in the last 24 hours are DEXE, OM and ATOM. The global crypto market cap is $2.72T, down 5.0% over the last day. DeFi Total Value Locked is ~$96b and BTC dominance is around 63%.
Equity and crypto markets are lower after the Trump Administration unveiled sweeping global tariffs and higher duties on countries that impose levies on US goods.
Notable news includes: the US House Financial Services Committee voted to advance the STABLE act to a full House vote; Brazilian bank Itau is reportedly considering issuing its own stablecoin; PayPal expanded its crypto offerings in the US to include Solana and Chainlink; the DTCC launched an EVM-based platform as part of an experiment in tokenized asset collateral management; WisdomTree expanded its tokenized assets platform WisdomTree Connect beyond Ethereum to Arbitrum, Avalanche, Base and Optimism; EY rebuilt its enterprise-focused private layer 2 blockchain Nightfall, streamlining the platform’s architecture and improving transaction time-to-finality; Republic agreed to acquire Canadian crypto trading firm INX Digital in a deal worth around $60m; Ethereum’s core developers set May 7 as the date for the network’s Pectra upgrade; Babylon Labs released details on Genesis, its Bitcoin-staking-secured layer 1 blockchain, and revealed plans to airdrop 600m BABY tokens in upcoming TGE; DoubleZero protocol announced a validator token sale for US accredited investors on CoinList; 0x Protocol’s DEX aggregator Matcha expanded to Solana and added fraud protection features; Vana introduced a new token standard for data-backed digital assets; the Cardano Foundation launched an identity platform called Veridian; and, Ronin Network games Pixels and Forgotten Runiverse teamed up to bring the PIXEL token to Runiverse.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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