Daily Market Wrap
Crypto market cap: 1.93 trillion, up 0.38%
BTC price stands at USD 41,607, up 0.55%
ETH price stands at USD 3,089, up 0.06%
Top gainer: 0x (ZRX), up 54.76%
Top loser: The Sandbox (SAND), down 4.93%
News of the Day
Why it matters:
Former Yearn.finance founder Andre Cronje believes crypto regulation is infeasible, but regulated crypto can be
He also added in his post published Tuesday that the public should try to engage and educate on regulated crypto rather than trying to fight regulatory bodies
Before this, he criticised the DeFi market saying crypto was “repeating” the mistakes of previous monetary policymakers
Crypto daily spotlight
Brief introduction: ApeCoin is a decentralised project inspired by Yuga Labs’ Bored Ape Yacht Club project. It is an ERC-20 utility token used within the APE Ecosystem, allowing ApeCoin holders to participate in ApeCoin DAO and to vote on how the ApeCoin DAO Ecosystem Fund should be used.
Why it matters:
The Bored Ape NFT collection’s native token ApeCoin (APE) jumped 23% in the past 24 hours, nearly reaching its all-time-high $16.47
Prior to this, Yuga Labs launched a trailer in March for its upcoming metaverse called Otherside
A rumor surges on Twitter that the holders of BAYC and MAYC NFTs may receive land airdrop ahead of the Otherside metaverse
Daily sector tracker
Daily News Roundup
Silvergate Capital Plans to Expand Its Bitcoin Lending Program https://bit.ly/3jR6qRz
Blockchain Analytics Firm CipherTrace Sees a Surge of Ransomware in Monero https://bit.ly/3MjHRIY
Louis Vuitton Will Release Two More Levels For Its Game Louis: The Game https://bit.ly/3k00KEA
The first Australian ETFs for BTC and ETH Are Set to Launch Next Week https://bit.ly/38bXvYo
Coinbase NFT Marketplace Goes Live https://bit.ly/3K0lsic
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