🗞 Daily Crypto News, April, 6th💰

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Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

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🗞 Bitcoin, Fiat Currencies Unnerved Even as Goldman Ditches Short USD Trade

Investment banking giant Goldman Sachs’ latest decision to retract from its bearish view on the U.S. dollar is receiving a thumbs down from financial markets.

While bitcoin is trading nearly 1.5% higher on the day at $59,000 at press time, the dollar index, which measures the greenback’s value against fiat currencies such as the euro, pound and yen, is 0.5% lower at 92.56.

Goldman Sachs on Friday recommended closing U.S. dollar short trades against a basket of currencies, including the commodity-sensitive Aussie and New Zealand dollars.

Most major fiat currencies have also charted stellar gains over the past six months. Almost every asset denominated in dollar terms has rallied significantly over the past 12 months, courtesy of the Federal Reserve’s open-ended liquidity-boosting program.

🗞 Bitcoin Above $1 Trillion for 10 Days As Crypto Outgrows US Banking Industry

  • Crypto outpaces US banking index.
  • Bitcoin has now spent more than 10 days above $1 trillion.
  • Stock markets hit closing highs as tech stocks set new records.

As crypto enters what has traditionally been its strongest growth quarter, things are looking up.

Global crypto markets continue to grow beyond the $2 trillion mark that made headlines yesterday. At the time of writing total market cap is sat at $2.06 trillion, up 4.9% on the day before.

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In the chart attached to Bianco’s tweet, crypto’s doubling in value over 2021 has put it just ahead of the value of the S&P Composite 1500 Banks index, which tracks the performance of publicly traded banking institutions in the US.

Not wanting to stop there, Bianco said if crypto doubles again, it would be larger than the entire US financial system, including banks, brokers, insurance, exchange firms, and asset managers.

🗞 Coinbase and Bakkt Are Behind Paul Tudor Jones’ Bitcoin Bets, SEC Documents Show

When Paul Tudor Jones bet 1% to 2% of his assets on bitcoin in May 2020 it was unclear where the billionaire had bought his crypto, or how. The industry remained uncertain if his investment was direct. After all, his hedge fund had started flirting with bitcoin futures only days before.

But in the year since, his firm, the $44.5 billion Tudor Investment Corporation, has indeed established rails for direct crypto ownership. It secured custodial ties with institutional powerhouses Coinbase and Bakkt, according to new filings with the U.S. Securities and Exchange Commission (SEC).

Coinbase Custody Trust Company, Bakkt Trust Company and Tagomi Trading LLC (the institutional brokerage firm Coinbase bought in May 2020) all provide custodial services to Tudor Jones’ family-only hedge fund, the documents state.

🗞 Mark Cuban, Snoop Dogg, Metakovan & More to Judge NFT Funding Contest

The increasingly crypto-keen Dallas Mavericks chief Mark Cuban is set to return to the investment pitching arena – in a non-fungible token (NFT)-themed Shark Tank-style contest, along with a galaxy of fellow star judges.

Joining Cuban in the judging panel will be rap star Snoop Dogg (also an NFT-keen artist) and Hollywood actor Ashton Kutcher. The Tinseltown star is the co-founder of Sound Ventures, the firm that is organizing the contest. His fellow co-founder Guy Oseary will be a fellow judge.

Also joining will be the EDM producer 3LAU, famous in the crypto for his own pioneering NFT-related activities, and Metakovan, or Vignesh Sundaresan of Portkeys Technology, the USD 69m buyer of Beeple’s record-breaking NFT work Everydays: The First 5000 Days. Fellow crypto art buyer Whale Shark is also on board, as is the co-founder of Scalar Capital, Linda Xie.

Oseary, a former record executive at Madonna’s Maverick Records label, has worked with some of the biggest names in pop, including Madonna herself, The Prodigy, U2, and Paul Oakenfold. He has also helped produce a number of mainstream movie releases and co-founded Sound Ventures with Kutcher in 2015.

🗞 Daily Crypto Calendar, April, 6th💰

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  • Enjin Coin (ENJ)

"JumpNet: Launching April 6, JumpNet is a high-speed bridge network that will allow free, instant on-chain transactions of Enjin Coin..."
"Eco-friendly #NFTs are coming to South Korea's largest social gaming app and its 3 million users, powered by JumpNet launching April 6."

  • Cosmos (ATOM)

"Trading: from 8:00 Apr 6 (UTC) | Pair: ATOM/USDT, ATOM/BTC"

  • Pundi X (PUNDIX)

"Staking #PUNDIX will start on April 6 at f(x)Wallet (download.functionx.io)"

  • ECOMI (OMI)

"Only on the VeVe App, tokidoki's Mermicorno Series 1 drops Tuesday, 6th April at 8 am PST on the VeVe iOS and Android apps."

  • Wabi (WABI)

Wabi product, tech and features updates and announcements. Twitter @wabitoken.

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