ZRX goes into beast mode

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Ox (ZRX) is back over a buck and hurtling toward entry in the Top 100 following the announcement of a major partnership with Coinbase.

0x is a decentralized exchange platform built on Ethereum. The open protocol aggregates liquidity and enables peer-to-peer swapping of ETH-enabled assets. ZRX is Ox's native asset. It has a market capitalization of about $860 million, making it CoinGecko's 112th-largest digital asset. Earlier today, ZRX hit $1.18 for a 24-hour gain of more than 50%.

According to data from CoinMarketCap, ZRX last traded at these levels at the end of November 2021, Decrypt said.

Coinbase selected the 0x protocol to power its newly unveiled, still-in-beta, supposedly community-engagement-centric non-fungible token (NFT) marketplace, according to a blog post by Ox Labs, the team of developers behind the project.

At nearly $42,300 Bitcoin is slightly up since yesterday morning as it continues to try to distance itself from Monday's drainage canal running just south of $39K

BTC still remains down about 6% from a two-week-old recent high near $44K reached on April 6th.

Looking back at historical charts to plot a forward-looking course through the end of spring, the widely followed pseudonymous trader/analyst Kaleo floated a likely scenario in which "the low 30s" are back in play (The Daily Hodl).

Data analytics provider Santiment hasn't spotted any signals of crypto market euphoria (thankfully), nor is there much of a "FOMO" vibe either.

However, crypto appears to be garnering some bullish shout outs. According to a Santiment tweet, the word "pump" is currently dominating on Reddit, Discord, Twitter and Telegram.

"Users of various social media platforms are showing excitement about crypto," U.Today noted.

The crypto community is in a tizzy over a Financial Times report suggesting that FTX is aligning with one of Wall Street's most storied intermediaries.

Not that shockingly, Goldman Sachs CEO David Solomon reportedly recently huddled with FTX CEO Sam Bankman-Fried to discuss potential collaborations between the two firms, the FT reported Thursday. The two honchos apparently discussed Goldman Sachs advising the crypto exchange on a potential initial public offering (IPO).

In January, FTX was valued at $32 billion. Boyish, big-haired Bankman-Fried has been making the rounds on Capitol Hill, calling for sensible regulation and lamenting a scenario in which the U.S. does not take a lead role unleashing blockchain’s full potential.

Last month, FTX filed a proposal with the U.S. Commodity Futures Trading Commission (CFTC) seeking to clear trades for its derivatives customers.

Its fingers as usual in many pies, Goldman led last year’s Coinbase IPO. The bank is said to have at some point advised FTX during the course of its discussions with U.S. regulators.

These Goldman Sachs/FTX discussions “demonstrate the increasing interest mainstream financial institutions are taking in the crypto industry,” CoinDesk said.

FTX had no response to their reporting. A Goldman spokesperson declined to comment. We suppose someone could at least have said yes or no as to whether such a sit down indeed took place. The meeting, the FT said, citing sources, actually happened back in March, somewhere in the Caribbean, behind closed doors.