Monday, April 29, 2024

NDAX Market Report, Key Notes & Crypto Overview

APR 22 - ARP 28

Market Updates

  • The global cryptocurrency market has reached a total market capitalization of CAD $3.16 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 53.3%, followed by Ethereum at 16.6%. 

Crypto News

  • Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers Coindesk
  • EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers The Block
  • Ripple proposes ‘no more than $10M’ in penalties after SEC seeks $1.9B Cointelegraph
  • SEC delays decision on listing and trading spot bitcoin ETF options, asks for public comments The Block
  • ViaBTC's 'epic sat' from fourth Bitcoin halving block sells for 33.3 BTC ($2.13 million) The Block
  • Consensys sues SEC, challenging its approach to Ethereum and seeking court intervention The Block
  • Bitcoin-hating European Central Bank isn't doing much to stop scammers Cointelegraph

Market Moves

  • After slowly regaining lost ground over the past few weeks, Bitcoin continued its slow consolidation. BTC ended the week flat (-0.3%) with a weekly amplitude—volatility of roughly 20X that move; 6%. BTC is now trading somewhere between the CA$84K and $86K levels.

Upcoming Events

  • May – SEC Decision on BlackRock's Ether Spot ETF Decision 

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