• Uniswap topped Coinbase trading volume in the U.S. regulatory clampdown and banking crisis amidst key stablecoins depegging from $1.
• Binance Australia’s derivatives license was cancelled by regulators and ordered to close all client’s open positions by April 21st.
• Tether’s market capitalization is near record highs and Bitcoin, Ethereum, Ripple, and Litecoin all experienced drops against USD in the last session.
Uniswap Outperforms Coinbase
Amid the U.S. regulatory clampdown and a banking crisis that caused key stablecoins to depeg from $1, Uniswap has topped Coinbase in terms of market share for the month of April 2021.
Binance Australia Derivatives License Cancelled
The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia’s derivatives license and ordered the exchange to close all open positions by April 21st, 2021.
Tether Market Capitalization on the Rise
Tether, the world’s largest dollar-pegged stablecoin is thriving despite mid-2022 Terra-induced turmoil with its market value continuing to climb towards its record high of $84 billion.
Crypto Drops Against USD in Last Session
The last session saw Bitcoin drop 0.5%, Ethereum dive 2.2%, Ripple drop 0.4%, while Litecoin plummeted 2% against USD respectively according to their respective MACD, Stochastic-RSI & Ultimate Oscillator indicators giving negative signals at Support & Resistance levels as follows: Bitcoin at 27333/29159; Ethereum at 1831/1974; Ripple at 04825/05381; Litecoin at 89/97 respectively .
Daily Economic Calendar Highlights
Today’s economic calendar will see Dutch Consumer Spending Volume released at 04:30 GMT followed by US Nonfarm Payrolls at 12:30 GMT & UK CFTC GBP NC Net Positions 20:30 GMT as important economic indicators measuring consumer optimism & new job creation beyond agricultural sector respectively