POKKET: Today’s Crypto Market Commentary (April 16)
Bitcoin price is stable here at $63000, while ETH is +3.5% to $2500 following the Berlin hardfork overnight. Movers are MKR +41%, CRV +25%, COMP CND BAND +17%, MANA UMA +13%, DLT SNX +11%, and rest are up in Pokket listed tokens.
Ethereum successfully completed its long awaited hardfork last night. There was a hiccup in the consensus mechanism where one node wasn’t syncing to the blockchain, which represented 12% of all Ethereum nodes – it was later fixed, but caused Coinbase and BitStamp to hault withdrawals for both ETH & erc20 tokens.
Brevan Howard is now going to invest 1.5% of their $5.6B main fund in Bitcoin.
Japan’s internet giant GMO has elected Zero Hash for the settlement of JPY and USD pegged stablecoins on its platform.
DeFi TVL has taken off once again, and is now at $58B.
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