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🗞 Daily Crypto News, April, 14th💰

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

🗞 Market Wrap: Bitcoin, Ether Steady Near Record Highs, as All Eyes on Coinbase Listing

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Bitcoin’s 24-hour range: $59,758.21-$63,707.34 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

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Coinbase’s widely anticipated direct stock listing on Nasdaq continues to galvanize crypto-market interesty, as bitcoin’s price broke Tuesday to a new record high.

At press time, the No. 1 cryptocurrency by market capitalization was changing hands at $62,860.01, not far from the all-time high price of $63,707.34 reached earlier in the day, according to CoinDesk 20.

Spot trading volume on eight crypto exchanges tracked by CoinDesk also rose on Tuesday, to near $4 billion at press time, the highest since April 7.

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Ether and altcoins

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Ether’s 24-hour range: $2,135.73-$2,315.94 (CoinDesk 20) Ether trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

But the star lately among altcoins might be BNB token, from the crypto exchange giant Binance.

“If this growth rate continues, it will not take long until Binance-based projects hold more value than Ethereum-based projects,” Arcane wrote.

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🗞 Coinbase’s Reference Share Price for Trading to Commence Is $250

Goldman Sachs and Nasdaq have decided Coinbase stock should start trading at $250 per share.

That’s a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.

The reference price is discovered using public financial information along with market sentiment and is usually a conservative estimate. This figure came is 27% lower than what Coinbase last traded at in the private secondary market, $343.58 per share.

🗞 Coinbase Awards All Employees 100 Shares in Surprise Giveaway

The surprise giveaway was a "thank you" according to Coinbase Only Coinbase's 1700 full-time employees are eligible

When Coinbase goes public on Wednesday, the list of people eligible to cash in will be longer than expected. That's thanks to a recent decision by the company to hand out 100 shares to its approximately 1700 employees around the world.

The giveaway means that every full-time employee at the company is poised to become $25,000 richer based on a $250 reference price set by the NASDAQ stock exchange on Tuesday. The actual price at which the stock begins to trade, however, could be significantly higher—or lower.

The surprise gift was actually announced during a Coinbase all-hands meeting on March 25 . The Irish publication Business Post first reported the 100 share distribution upon learning of it from employees at Coinbase's Dublin office. A Coinbase spokesperson confirmed the giveaway to Decrypt today, describing it as a "thank you" to the company's staff.

🗞 Exodus Bitcoin Wallet Raises $60 Million in 5 Days

Exodus is known for its crypto wallet. It's distributing stock in exchange for Bitcoin, Ethereum, and USDC stablecoin. Coinbase isn’t the only crypto company selling shares this week.

Exodus, the creator of a popular non-custodial crypto wallet, has raised $60 million since April 8 by selling stock in the company. It’s calling the sale, which was cleared by the US Securities and Exchange Commission (SEC), the largest “regulated crypto public offering” ever.

Last week, the company put $75 million in shares up for sale at $27.42 apiece. However, instead of accepting US dollars, Exodus only took a trio of crypto assets commonly stored in its wallets: Bitcoin, Ethereum, and USDC stablecoin. Its plan is to tokenize the shares on a public blockchain within nine months.

🗞 Daily Crypto Calendar, April, 14th💰

  • Ethereum (ETH)

"Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000"

  • Frontier (FRONT), Kava.io (KAVA)

"Frontier partners with @kava_labs to launch the Frontier Chain testnet on April 14th, 2021."

  • Efforce (WOZX)

"We are happy to announce there are 4 relevant news coming up, the first will be announced between the 12th and 14th of April"

  • Genesis Vision (GVT)

"Genesis Vision Gateway launch on the Binance Smart Chain."

  • DSLA Protocol (DSLA)

"Wed Apr 14 - $DSLA Flagship Ðapp Launch"

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