Stablecoin Market Cap Reaches $154.555 Billion | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Coinbase includes Tensor (TNSR) in its roadmap.
• Coinbase International and Coinbase Advanced are set to support Ordinals (ORDI) and Worldcoin (WLD) perpetual futures. ORDI-PERP and WLD-PERP markets will open on or after 9:30 AM on April 11, 2024 (UTC).

2. Cryptocurrency Trends:

• Avail, a modular blockchain project by Polygon, has announced its partnership with the AI gaming alliance initiated by NIM Network. The strategic partnership will focus on creating dedicated DA solutions for AI games.
• Genesis, a bankrupt cryptocurrency lending institution, has purchased 32,041 Bitcoins, valued at approximately $2.17 billion, to repay its customers after the sale of its shares in Grayscale Bitcoin Trust (GBTC).
• According to Defillama data, the total market value of stablecoins reached $154.555 billion, marking a 2.73% increase from last week, with USDT accounting for 69.06%.
• Pantera Capital’s Liquid Token Fund reported a 66% return in the first quarter of 2024. The fund’s performance was driven by investments in crypto tokens such as Solana (SOL), while it reduced its exposure to tokens tied to Bitcoin and Ether during the period.
• ZA Bank, a virtual bank based in Hong Kong, has announced its plans to offer exclusive banking services to stablecoin issuers to provide ultimate security for their fiat currency reserves.
• Atomicals Protocol: AVM details will be released in phases in the coming weeks.
• Tether Treasury minted an additional 1 billion USDT on the Ethereum network.
• Kamino Finance, a composable automated liquidity management protocol in the Solana ecosystem, announced that its Genesis page is officially up. Users can now check the distribution of KMNO tokens.

3. Financing Trends:

• QuantAMM, an on-chain asset management infrastructure provider, raised $1.85 million in pre-seed round funding with participation from 8VC, Mako, Marshland Capital, 369 Capital, as well as TradFi and DeFi angel investors.
• Station70, a digital asset security company, raised $5 million in seed round funding led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X, and CoinShares.

4. Regulatory Trends:

• The Beijing police and the Beijing branch of the State Administration of Foreign Exchange have jointly cracked a series of virtual currency cases involving over 2 billion yuan across 15 provinces and cities, including Beijing, Shanghai, and Zhejiang.
• Terraform Labs and its founder Do Kwon were found liable for civil fraud charges by a jury in the U.S. Federal Court in Manhattan.