POKKET: Crypto Market Update (April 29)
Bitcoin price is flat at $55k while ETH continues to run up +2.5% to $2750. Movers are DLT +16%, MANA +15%, MATIC -13% in Pokket listed tokens.
In Germany, new legislation enabling managers of the most popular institutional investment funds, called Spezialfonds, will enact on July 1 allowing them to allocate 20% to crypto. Germany is also cracking down on Binance’s listing of stock tokens, such as TSLA.
Japanese game maker Nexon said it has bought $100M Bitcoin, the first publicly listed company to do so in Japan.
MetaMask now has 5M MAU, a blockbuster number achieved from NFT and DeFi activity; many are patiently waiting for a MM governance token.
Polygon has launched an $100M fund to support DeFi adoption, saying it’ll onboard “the next million users” to DeFi.
Finally, the Fed keeps rates near zero, and maintains its asset purchases; as a reminder, they are purchasing $120B in assets despite stocks at all time highs (ATH), bond capitalization near ATH and commodities rallying hard.
Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto saving accounts.