Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said….Read full story at CoinDesk >
Brad Garlinghouse highlighted several macroeconomic factors behind the potential growth of the total crypto market value….Read full story at CoinDesk >
The broker raised its price target for the software company to $1,875 from $990 and maintained its buy rating on the stock….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for April 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
Blockchain firms are attempting to address concerns that Big Tech giants like Microsoft, Meta and Alphabet will build an artificial-intelligence oligarchy….Read full story at CoinDesk >
Broader crypto markets remained little changed over the weekend but some Ordinal ecosystems saw gains as a proxy bet for BTC….Read full story at CoinDesk >
The Ethereum community is debating the power and responsibilities of the Ethereum Foundation, which some think is playing central banker by suggesting changes to the ether issuance formula….Read full story at CoinDesk >
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD….Read full story at CoinDesk >
The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale’s Bitcoin Trust….Read full story at CoinDesk >
Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported….Read full story at CoinDesk >
NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app….Read full story at CoinDesk >
The proposal, initially introduced in February, could harden Ethereum’s native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it….Read full story at CoinDesk >
The products, which track the performance of the two largest cryptocurrencies by market value, carry a fee of 0.35% and were listed on the Deutsche Boerse on Thursday….Read full story at CoinDesk >
BlackRock (BLK) has added five additional authorized participants (APs) to the iShares Bitcoin Trust (IBIT), bringing the total number to nine as the fund continues to attract billions of dollars of inflows from investors….Read full story at CoinDesk >
Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday….Read full story at CoinDesk >
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out….Read full story at CoinDesk >
Coinbase’s expansion into Canada has cleared the hurdle of a “restricted dealer” registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction….Read full story at CoinDesk >
Scott Sunshine discusses how advisors can leverage blockchain-based governance to enhance trust, improve accountability, streamline operations and unlock new investment opportunities for their clients….Read full story at CoinDesk >
Wyoming’s new legal entities for decentralized unincorporated nonprofit associations sets up legal entities that cheapens the idea of creating protocols that work independent of nation states, Martin Schmidt writes….Read full story at CoinDesk >
Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to “streamline” its product offerings….Read full story at CoinDesk >
The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company….Read full story at CoinDesk >
Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull….Read full story at CoinDesk >
The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country….Read full story at CoinDesk >
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming….Read full story at CoinDesk >
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction….Read full story at CoinDesk >
The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals….Read full story at CoinDesk >
The influencers, representing Bitcoin and Ethereum, will enter the pit at the Consensus festival May 30, 2024. Fyre Festival’s Billy McFarland is also on the fight card….Read full story at CoinDesk >
Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges….Read full story at CoinDesk >
Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex’s proprietary bitcoin and ether implied volatility indices….Read full story at CoinDesk >
Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT….Read full story at CoinDesk >
Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening….Read full story at CoinDesk >
Restaking has grown into the second-largest DeFi sector on the Ethereum blockchain and is likely to become a core part of the network’s infrastructure, the report said….Read full story at CoinDesk >
The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants….Read full story at CoinDesk >
Obtaining the full VARA spot and derivatives license is an important next step in our efforts to raise the overall quality & governance standards of our platform, exchange’s new CEO Luuk Strikers told CoinDesk….Read full story at CoinDesk >
Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday….Read full story at CoinDesk >
FTX founder and former CEO Sam Bankman-Fried has said “of course” he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week….Read full story at CoinDesk >
Predictions from Anthony Pompliano, Des Dickerson, Cory Klippsten, Isaiah Jackson, David Johnston, Wendy O, Cas Piancey, and others….Read full story at CoinDesk >
Bitcoin’s annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points….Read full story at CoinDesk >
Sam Bankman-Fried is going to prison. He won’t be spending time in a maximum security facility, and he’ll be placed as close to his family in the San Francisco Bay Area as possible, but he’s going to prison nonetheless – and he’ll be there for the next 25 years….Read full story at CoinDesk >
WIF touched the $4 mark early Friday before retreating as the meme coin sector showed the most volatility in a little-changed market….Read full story at CoinDesk >
The malware has already impacted hundreds of thousands of players and the numbers are still growing, as per malware market informer @vxunderground….Read full story at CoinDesk >
He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented….Read full story at CoinDesk >
Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024….Read full story at CoinDesk >
Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices….Read full story at CoinDesk >
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said….Read full story at CoinDesk >
The bitcoin ETF market registered net inflows of $243.4 million as BTC teased a return north of $72,000 a week after sinking below $63,000….Read full story at CoinDesk >
If history repeats itself, an even more bullish period for bitcoin and crypto markets could be on the horizon in the months following the halving, the report said….Read full story at CoinDesk >
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore….Read full story at CoinDesk >
Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks….Read full story at CoinDesk >
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply, on April 2….Read full story at CoinDesk >
The exchange was forced to leave Nigeria, and I’m sure it will happen to other crypto companies in other countries, Ray Youssef, CEO of NoOnes, writes….Read full story at CoinDesk >
The meme coin frenzy that drove up activity – and failed transactions – on Solana appears to have quickly migrated to Base, Coinbase’s six-month-old layer-2 blockchain. Who is the blue-faced creature behind the $BRETT token?…Read full story at CoinDesk >
MicroStrategy and Coinbase’s stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners….Read full story at CoinDesk >
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk….Read full story at CoinDesk >
The performance of EtherFi’s token could lift valuations of other restaking platforms ahead of their airdrops, one analyst noted….Read full story at CoinDesk >
Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund….Read full story at CoinDesk >
The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management….Read full story at CoinDesk >
AI naturally evolves as an increasingly centralized technology, and any decentralization efforts are an uphill battle. But decentralization can win in specific areas of AI development, says Jesus Rodriguez, CEO of IntoTheBlock….Read full story at CoinDesk >
A federal judge ruled the U.S. Securities and Exchange Commission (SEC) brought enough of a case arguing that Coinbase is operating an unregistered broker, exchange and clearinghouse that its suit against the crypto trading company should move forward….Read full story at CoinDesk >
The surge occurred as U.S. federal prosecutors charged the exchange and two of its founders with violating anti-money laundering laws on Tuesday….Read full story at CoinDesk >