BTC is currently trading around $80,700 and ETH around $1,850. Notable gainers in the last 24 hours are S, XLM and BNB. The global crypto market cap is $2.73T, down 1.7% over the last day. DeFi Total Value Locked is ~$87b and BTC dominance is around 62%.
Equity and crypto markets are lower amid continued market uncertainty over US trade policy.
Notable news includes: The US SEC postponed ruling on whether or not to permit Cboe BZX to list options on ETH ETFs until May 14; Turkey introduced stricter capital adequacy, security and investor protection regulations for crypto exchanges and custodians; Changpeng Zhao denied reports of a deal with the Trump family to invest in Binance.US; MoonPay acquired stablecoin API infrastructure firm Iron for an undisclosed 9-figure amount; OKX acquired a MiFID II license to offer derivative products to institutional clients in Europe; Aave introduced Project Horizon, a new initiative focused on building institutional DeFi products; Compound launched a new series of lending vaults on Polygon in partnership with Gauntlet using rival Morpho’s technology on the back-end; Bitcoin sidechain Rootstock implemented a mainnet upgrade boosting the network’s scalability and security; Wallet in Telegram announced it will support over 50 new crypto assets for trading within the mini app along with a new earn feature; Solana-based perpetual futures exchange Zeta Markets shipped its testnet for Bullet, its new dedicated layer 2; Sui Foundation announced a partnership with Blockaid to enhance the Sui ecosystem’s security; dYdX released a roadmap update detailing improvements to optimize trading speed, stability and user experience; Bitcoin and Ethereum layer 2 Hemi launched its mainnet; and, Solana-based MMO game Star Atlas revealed plans to launch by the end of 2025.
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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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