The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024….Read full story at CoinDesk >
Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world’s largest crypto exchanges….Read full story at CoinDesk >
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators?…Read full story at CoinDesk >
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
Binance Labs now has a disclaimer on its website describing it as “an independent venture and not part of the Binance Group.”…Read full story at CoinDesk >
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency….Read full story at CoinDesk >
The platform lets users start their own networks on Bitcoin and is offering developers millions of dollars as grant rewards….Read full story at CoinDesk >
There are a number of key catalysts for the company, and these include ETF net inflows, the development of GalaxyOne and a potential Nasdaq listing, the report said….Read full story at CoinDesk >
Senators say that retail investors face “enormous risks” from such products because thin order books for some cryptocurrencies….Read full story at CoinDesk >
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund….Read full story at CoinDesk >
“It hasn’t always been easy, but I’m very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto….Read full story at CoinDesk >
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims….Read full story at CoinDesk >
Drift Protocol – a crypto spot and futures exchange that operates on the Solana blockchain – plans to expand into “pre-launch markets,” too, with a service that lets traders bet on the price of tokens before they start officially trading….Read full story at CoinDesk >
Story Protocol will be used to “prove that outputs like text, image, and voice are generated by specific models” so that IP can be tracked, attributed, and compensated correctly….Read full story at CoinDesk >
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}….Read full story at CoinDesk >
Tron founder Justin Sun deposited 120,000 ether worth $480 million into liquid restaking protocol Ether.Fi, according to blockchain data….Read full story at CoinDesk >
With the dual tailwind of bitcoin ETF flows and the upcoming halving, is bitcoin the best bet? Not so fast. Ethereum, the next biggest crypto asset by market cap, has a case of its own to make….Read full story at CoinDesk >
COPA took Craig Wright to court last month to secure such a ruling that he wasn’t the pseudonymous creator of the world’s largest digital asset in an effort to prevent him from suing other developers or claiming intellectual property rights over the technology….Read full story at CoinDesk >
Hong Kong’s markets regulator identified Bybit as a suspicious cryptocurrency exchange and placed several of its products on its suspicious investment products list….Read full story at CoinDesk >
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said….Read full story at CoinDesk >
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said….Read full story at CoinDesk >
The American stockbroker has repeatedly called bitcoin a “bubble” and said he still doesn’t believe in its long-term future….Read full story at CoinDesk >
Copying and pasting the Bee Movie script is a niche internet meme that originated on Tumblr and quickly spread to Reddit, YouTube, Facebook, and other social media platforms….Read full story at CoinDesk >
An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday….Read full story at CoinDesk >
Some developers think that shifting the Ethereum ecosystem further towards layer 2 networks could risk setting it down the wrong path….Read full story at CoinDesk >
The meme coin based on a dog wearing a pink beanie became an instant hit during the ongoing crypto bull cycle, now boasting a $2.6 billion market capitalization, but its skyrocketing price could signal increased market froth….Read full story at CoinDesk >
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing….Read full story at CoinDesk >
Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction….Read full story at CoinDesk >
While Ethereum’s rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire….Read full story at CoinDesk >
Ethereum’s Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks….Read full story at CoinDesk >
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost….Read full story at CoinDesk >
The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval….Read full story at CoinDesk >
A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024….Read full story at CoinDesk >
Spot bitcoin exchange-traded funds took in 14,706 BTC, or over $1 billion, in net inflows on Tuesday, data tracked by BitMEX Research shows….Read full story at CoinDesk >
QCP’s sentiment towards ETH is cautiously optimistic, with concerns about potential corrections and the impact of leverage in the market….Read full story at CoinDesk >
Nigeria wants Binance to give information regarding its top 100 users in the country and all transaction history spanning the past six months, the Financial Times reported on Tuesday….Read full story at CoinDesk >
The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs)….Read full story at CoinDesk >
A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies. The ruling doesn’t make a determination on whether the tokens are indeed securities or not, but it’s significant in broader securities cases nonetheless….Read full story at CoinDesk >
Solana-based NFT trading platform Tensor said Tuesday it will issue a token, $TNSR, whose holders will govern the protocol….Read full story at CoinDesk >
Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces….Read full story at CoinDesk >
The investment bank almost doubled its price target on the stock to $1,810 from $975, highest among Wall Street analysts….Read full story at CoinDesk >
The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum….Read full story at CoinDesk >
U.S. Commodity Futures Trading Commission Chair Rostin Behnam said his agency will propose a rule in the coming months to establish new regulations for prediction markets….Read full story at CoinDesk >
Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday….Read full story at CoinDesk >
The regulator invited applicants with a “genuine interest in developing a stablecoin issuance business” to join the sandbox….Read full story at CoinDesk >
By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high….Read full story at CoinDesk >
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues….Read full story at CoinDesk >
Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That’s significantly lower than the 2020-21 bull run….Read full story at CoinDesk >
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company’s formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit….Read full story at CoinDesk >
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors….Read full story at CoinDesk >
Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future….Read full story at CoinDesk >
It would be “the first ever truly decentralized web3 payment solution,” allowing users to spend their crypto “on everyday purchases, everywhere cards are accepted,” according to marketing materials CoinDesk reviewed….Read full story at CoinDesk >
Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict….Read full story at CoinDesk >
Layer-1 blockchain NEAR’s native token {{NEAR}} has experience doubled since March 5, with hype surrounding Nvidia’s upcoming annual conference driving AI-related tokens to the upside….Read full story at CoinDesk >
The latest price moves in bitcoin (BTC) and crypto markets in context for March 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets….Read full story at CoinDesk >
From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly….Read full story at CoinDesk >
Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said….Read full story at CoinDesk >
ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF’s value, making such large sell offs necessary when an asset surges in value….Read full story at CoinDesk >
Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said….Read full story at CoinDesk >