PRICE CHANGE: WTD/YTD
- BTC ($60,090): +3% / +107%
- ETH ($2,158): +3% / +192%
- XRP ($1.39): +124% / +530%
- UNI ($30): -2% / +516%
- Crypto Market Cap ($2.1T): +7% / +171%
- BTC Dominance: 54%
STABLECOIN MARKET CAP CHANGE: WTD/YTD
- Tether ($44B): +5% / +112%
- USDC ($11B): +2% / +184%
THIS WEEK IN CRYPTO
- Crypto exchange Coinbase, which is expected to go public via direct listing on April 14, announced Q1 earnings. The company reported 56 million verified users, 6.1 million monthly transacting users, $223 billion of AUM (including $122 billion from institutions), $335 billion of trading volume, $1.8 billion total revenue, and adjusted EBITDA of $1.1 billion. Link.
- Neptune, a new DeFi project aiming to provide other DeFi projects with liquidity, raised $20 million in funding. Neptune is a DAO (decentralized autonomous organization) structured as an LLC, where paying members of the DAO pool place their capital into projects chosen by the group, and provide liquidity to those projects in an attempt to generate returns. Link.
- Christie's is auctioning off nine CryptoPunks in a single lot on May 13. CryptoPunks is a series of 10,000 unique images from the development studio Larva Labs, each of which is tied to an NFT. Link.
- Robinhood now has 9.5 million cryptocurrency traders on its platform, a 458% growth in Q1. Robinhood currently offers 17 cryptocurrencies to its users. Link.
- NEAR protocol has launched its Ethereum bridge, called Rainbow, which should enable cross-chain interoperability. The bridge allows transferring of ERC20 tokens between the Ethereum and NEAR blockchains. Users can take advantage of faster transaction confirmation times and lower fees with the bridge. Link.
- Forbes sold an NFT of its latest issue cover for $333,333. The cover featured Cameron and Tyler Winklevoss and the auction took place on NFT marketplace Nifty Gateway. Link.
- Crypto wallet operator Ledger and e-commerce giant Shopify are being sued in a new class action lawsuit over a customer data breach. Last year, hundreds of thousands of Ledger customers saw their personal data exposed at the hands of a 'rogue Shopify employee'. Link.
- DeFi protocol 1Inch announced the launch of the 1Inch Network, which consists of an aggregation protocol, liquidity protocol, DAO, 1Inch Labs for the network's development, and the 1Inch Foundation which issues its native tokens. Link.
- DeFi protocol Instadapp announced its launching a new INST governance token. It also said its DeFi Smart Accounts (DSA) platform is live on the ethereum blockchain. Link.
- BlockFi, a crypto banking service that allows people to collect interest by lending out their tokens, expects to reach one million customers by the end of the year. Link.
- Grayscale added another $1 billion in bitcoin and now has over $46 billion in total assets under management. Grayscale saw the increase in AUM after adding tokens like Filecoin, Livepeer, and Basic Attention Token to its offerings. Link.
- Crypto exchange Kraken is in talks with investors about raising a round that could give it a valuation of $20 billion. The exchange also said it would consider going public next year, depending on how Coinbase performs in the public markets. Link.
- Tom Brady is launching an NFT platform called Autograph, which is launching this spring. Autograph wants to build a 360 degree platform for creating, marketing, purchasing and exchanging NFTs. Link.
- Caruso, one of the most profitable real estate development firms in the world, is partnering with crypto exchange Gemini to integrate cryptocurrencies and NFTs into its infrastructure. The company plans to accept cryptocurrencies for rent payments. Link.
- Crypto exchange FTX has inked an exclusive partnership with the Miami Heat to be their sole cryptocurrency partner beginning with the 2021 - 2022 NBA season. The Heat's home stadium will also be rebranded as the "FTX Arena". Link.