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Kraken Daily Market Report for April 02 2021

Republished by Plato

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Overview


  • Total spot trading volume at $1.42 billion, above the 30-day average of $1.37 billion.
  • Total futures notional at $537.6 million.
  • The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Polkadot, and Cardano.
  • Strong returns from Waves (+11%), EOS (+10%), and Synthetix (+9.3%).

April 02, 2021 
 $1.42B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$58823. 
↑0.04% 
$554.6M
ETH 
$2097.4 
↑6.5% 
$340.1M
USDT 
$1.0001 
↑0.04% 
$159.8M
DOT 
$39.370 
↑4.9% 
$64.7M
ADA 
$1.1876 
↑0.17% 
$56.2M
FIL 
$175.57 
↓5.5% 
$48.3M
XRP 
$0.5946 
↑3.9% 
$35.2M
KSM 
$451.60 
↓2.8% 
$23.2M
USDC 
$0.9999 
↑0.0% 
$22.6M
LTC 
$206.72 
↑1.7% 
$22.1M
SC 
$0.0303 
↑7.1% 
$20.7M
LINK 
$31.849 
↑5.6% 
$18.9M
EOS 
$6.1785 
↑10% 
$17.3M
XLM 
$0.4391 
↑3.2% 
$15.4M
BCH 
$585.59 
↑5.1% 
$13.1M
STORJ 
$3.0331 
↑1.1% 
$9.74M
TRX 
$0.0923 
↑8.2% 
$9.51M
XDG 
$0.0575 
↓7.8% 
$9.46M
XTZ 
$5.2491 
↑2.2% 
$8.95M
FLOW 
$30.108 
↓4.0% 
$8.08M
MANA 
$1.0352 
↑1.9% 
$7.07M
UNI 
$29.432 
↑2.4% 
$5.71M
AAVE 
$410.53 
↑7.0% 
$5.68M
XMR 
$255.84 
↑2.1% 
$5.0M
ZEC 
$168.47 
↑1.5% 
$4.97M
ALGO 
$1.3400 
↑1.0% 
$4.84M
GRT 
$1.8584 
↑4.4% 
$4.82M
ATOM 
$19.955 
↑2.2% 
$4.13M
BAT 
$1.2160 
↑5.0% 
$4.05M
ICX 
$2.7115 
↓4.0% 
$3.83M
SNX 
$21.009 
↑9.3% 
$3.7M
OXT 
$0.7219 
↑1.9% 
$3.32M
DASH 
$241.43 
↑3.2% 
$3.3M
ANT 
$11.534 
↓2.1% 
$2.95M
WAVES 
$13.076 
↑11% 
$2.89M
MLN 
$99.525 
↓4.7% 
$2.61M
DAI 
$1.0008 
↑0.09% 
$2.21M
KAVA 
$6.8400 
↓4.1% 
$2.19M
YFI 
$39049. 
↑6.5% 
$2.04M
OMG 
$7.4284 
↑0.4% 
$2.0M
COMP 
$474.51 
↑5.3% 
$1.91M
REPV2 
$39.821 
↑1.1% 
$1.86M
CRV 
$3.3205 
↓0.15% 
$1.8M
ETC 
$15.038 
↑4.8% 
$1.68M
OCEAN 
$1.4588 
↓0.21% 
$1.67M
NANO 
$5.1428 
↑0.6% 
$1.6M
QTUM 
$10.113 
↑0.6% 
$1.59M
LSK 
$5.8243 
↓1.7% 
$1.28M
KNC 
$2.9577 
↑0.23% 
$1.15M
KEEP 
$0.7033 
↑2.8% 
$915K
BAL 
$59.940 
↑7.0% 
$693K
PAXG 
$1739.6 
↑0.0% 
$644K
REP 
$39.599 
↑1.7% 
$578K
EWT 
$15.811 
↓1.4% 
$564K
GNO 
$170.5 
↑4.9% 
$373K
TBTC 
$60493. 
↑1.2% 
$58.0K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (April 03 2021)



Figure 2: Mid-size trading assets: (measured in USD) (April 03 2021)



Figure 3: Smallest trading assets: (measured in USD) (April 03 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (April 03 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (April 03 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (April 03 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (April 03 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/8491/kraken-daily-market-report-for-april-02-2021/

Blockchain

SWFT Blockchain (SWFTC) is now available on Binance Smart Chain and Huobi ECO Chain

Republished by Plato

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SWFT Blockchain, a cross-chain cryptocurrency transfer protocol, announced today that the ecosystem’s native token SWFTC is now not only available as an ERC-20 token, but also as a BEP-20 token on Binance Smart Chain (BSC) and as an HRC-20 token on Huobi ECO Chain (HECO).

Details about SWFTC on the respective chains:

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoninjas.net/2021/04/16/swft-blockchain-swftc-is-now-available-on-binance-smart-chain-and-huobi-eco-chain/

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Blockchain

Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule

Republished by Plato

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It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure to cryptocurrencies is still relatively isolated in the world’s most populous country.

Many netizens responded skeptically to the Coinbase story, with news aggregation account “Jiemian” on Weibo calling Bitcoin a scam, highlighting its connection to terrorists, and encouraging investors to stick to China’s A-shares. (For a quick comparison, the Shanghai composite index is down 2.13% this year, while Bitcoin has a YTD return of over 116%.) Jiemian has over 10 million followers on Weibo, but caters to a more traditional audience. The takeaway here is that despite China’s aggressive adoption of DCEP (Digital Currency Electronic Payment, also known as the digital yuan), other digital payments, and internet technology, cryptocurrency acceptance remains relatively isolated.

Some experts on China’s blockchain industry spoke to Cointelegraph regarding DCEP on April 10th, discussing how the digital yuan has affected the space. Kevin Shao, co-founder of Bitrise Capital, summed up the situation by stating that “overall, China’s digital currency still serves the central bank’s monetary policy and monetary functions.” It’s safe to say that the rapid DCEP advancement has little cross-over with the country’s active blockchain space, and probably will remain independent for the foreseeable future.

While all that was going on, volumes were spiking on cryptocurrency exchanges around the world. Huobi, China’s largest exchange by liquidity, experienced a wave of trading on more established tokens. The top seven most traded on Thursday were BTC, DOGE, ETH, XRP, FIL, TRX and BCH. All of these projects have roots in previous bull runs, showing that nostalgia is not lost on Chinese investors.

Graphics cards seized by Hong Kong Customs

Customs in Hong Kong have busted a smuggling operation involving nearly 300 graphics cards, which are suspected to be Nvidia CMP 30HX models and worth about 2 million RMB, or $300,000. There were no labels on the front of the graphics cards, and this particular model comes without a video output port, and is built exclusively for cryptocurrency mining. According to a source, this is the first time that Hong Kong Customs has seized graphics cards smuggled for the purpose of mining.

The state of media blockchain content

Finally, in policy news, The State Administration of Radio, Film and Television issued standards for blockchain-related media content. The standard system is intended to promote healthy and sustainable content pertaining to the use of blockchain in industries such as auditing systems, business processes, food safety and management. The State Administration is very proactive with its standards, detailing how technologies, trends, and other themes should be portrayed in the media.

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/our-man-in-shanghai-coinbase-listing-scorned-graphics-cards-seized-nostalgia-coins-rule

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Blockchain

Rothschild Investment Corp snaps up quarter of a million shares in Grayscale ETH Trust

Republished by Plato

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Chicago-based financial institution Rothschild Investment Corp, has acquired 265,302 shares in Grayscale’s ETH trust, according to a filing on April 15 with the United States Securities Commission or SEC.

The firm also added more Grayscale Bitcoin trust shares to its holdings, with the latest SEC filing revealing that it increased its tally from 30,454 in January up to 38,346 this month.

Rothschild Investment has been accumulating GBTC since 2017, and the latest filing shows the firm’s appetite for crypto exposure is not slowing down. Ether proponent Ryan Adams, the founder of crypto investment firm Mythos Capital and Bankless, commented on the latest move noting that “BTC is the gateway drug to ETH.”

The brokerage firm’s history spans back to 1908, and it has been investing in crypto for a relatively long time when compared to the mass inflow of institutions who have swooped in during the past 12 months. An SEC filing showed that the firm owned $210,000 worth of GBTC in July 2017, when BTC was priced around $2000.

Founding members Monroe Rothschild and brother in-law Samuel Karger reportedly have no relation to the famed Rothschild family dynasty, much to the confusion of the crypto community despite the New York Times publishing an article that clarified the situation in 1995.

Grayscale is the leading U.S. digital asset manager that offers institutional exposure to crypto, the firm holds roughly 660,000 BTC, which accounts for 3.5% of BTC in circulation.

The firm revealed yesterday that its total assets under management has now reached $50.6 billion, its ETH trust, or ETHE, is now up to more than $7 billion worth of AUM, with its shares currently trading at around $24. GTBC has surpassed $41 billion in AUM, and shares are trading at around $59.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/rothschild-investment-corp-snaps-up-quarter-of-a-million-shares-in-grayscale-eth-trust

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