The global crypto market cap inched up 0.3% to $2.65 trillion on April 22, with total 24-hour trading volume reaching $100.2 billion. Bitcoin (BTC) traded at $76,221.16, up 0.2% on the day, with a volume of $36.4 billion and a market cap of $1.52 trillion. Ethereum (ETH) slipped 0.07% to $2,317.32, on $16.2 billion in volume. BTC dominance held steady at 57.6%, while ETH stood at 10.6%.
OPG Skyrockets 115%, RAVE Adds 43%
Top gainers: OpenGradient (OPG) exploded 115.77% to $0.4130 on $154.8 million volume. USD.AI (CHIP) jumped 78.87% to $0.05597 (volume $425.6 million). RaveDAO (RAVE) surged 42.91% to $1.48, with $582.7 million in trades. MemeCore (M) gained 23%, JUST (JST) rose 10%. Losers: DeXe (DEXE) fell 11.75%, Venice Token (VVV) dropped 7.89%, and LayerZero (ZRO) lost 5.84%.
Fear & Greed Index at 32; Sentiment Still Cautious
The Fear & Greed Index printed 32 (Fear), barely changed from 33 yesterday, but up from 23 last week (Extreme Fear) and 8 last month (Extreme Fear). Panic selling appears to have eased, but uncertainty persists. Stablecoin market cap remained at $315.7 billion with $87.2 billion in volume. DeFi market cap rose 0.8% to $53.9 billion, representing 2.0% of the total crypto market.
KelpDAO Bridge Funds Laundered to Bitcoin; RHEA Hacked for $400K
Funds stolen in the KelpDAO bridge attack have entered laundering: assets were split across multiple addresses and moved mostly through THORChain into Bitcoin, pushing BTC on-chain volume to $211 million. RHEA Finance disclosed it recovered some funds but still faces a $400,000 shortfall, vowing to fully compensate users as investigations continue.
Coinbase Lists Diem; NY Attorney General Sues Coinbase & Gemini
Coinbase launched spot trading for Diem (DIEM) on April 22, with the DIEM-USD pair opening after 9:00 AM Pacific time. Meanwhile, New York Attorney General Letitia James filed lawsuits against Coinbase and Gemini, accusing them of illegal sports and election betting services and providing improper access to users aged 18–21. Crypto-linked political groups have amassed nearly $180 million ahead of the U.S. midterms, with Fairshake holding most funds, backed by Coinbase, Ripple, and Andreessen Horowitz.
Burwick Law Sues AI16Z and ElizaOS Over Misleading Promotions
Burwick Law filed a class action in the Southern District of New York against AI16Z and ElizaOS, alleging deceptive marketing, manual operations, zero revenue, and token migration favoring insiders.
Trump Suspends Military Operations Against Iran
President Donald Trump announced the U.S. will temporarily halt military operations against Iran, maintain the blockade, and extend a ceasefire pending leadership negotiations. The geopolitical easing could offer some support to risk appetite.