Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.> Open article in new tab
Bitcoin bulls look to be firmly back in the driver’s seat following weeks of seeing BTC suffer a bearish sentiment with its price dips. The current bullish outlook for the flagship crypto is evident in the fact that the Spot Bitcoin ETFs are again recording an impressive amount of inflows. Spot Bitcoin ETFs Record $243 Million In Inflows Farside Investors revealed in an X (formerly Twitter) post that the Spot Bitcoin ETFs recorded $243 million in inflows on March 27. This record was primarily thanks to BlackRock’s iShares Bitcoin Trust (IBIT) and the ARK 21Shares’ Bitcoin ETF (ARKB), which saw individual inflows of $323.8 million and $200.7 million, respectively. Related Reading: Here’s Why The Cardano Price Is Struggling Below $0.7 These inflows were enough to overshadow the $299.8 million that Grayscale’s Bitcoin ETF GBTC recorded on the day. Meanwhile, this marks the third consecutive day that these Spot Bitcoin ETFs…> Open article in new tab
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said.> Open article in new tab
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 28-April 3.> Open article in new tab
Dogecoin has jumped 17% in the past 24 hours to break past the $0.21 barrier as on-chain data shows a significant increase in volume for the memecoin. Dogecoin Beats Market With 17% Rally In The Last Day Most of the top cryptocurrencies have seen flat returns in the last 24 hours, but Dogecoin has gone its own way as the original meme coin has enjoyed a strong rally. Related Reading: Bitcoin “Liquid Inventory Ratio” Hits All-Time Low, What It Means The below chart shows what the asset’s performance has looked like during the last few days: The price of the coin appears to have sharply soared over the past day | Source: DOGEUSD on TradingView In this latest rally, Dogecoin has surged more than 17% in the last 24 hours and has cleared the $0.21 level. Among the top 100 cryptocurrencies by market cap, only Bitcoin Cash (BCH) has registered…> Open article in new tab
DOGE prices tend to move on speculation about the token’s use on X, the Elon Musk-owned social media giant.> Open article in new tab
SBF returned to a federal courthouse in Manhattan for sentencing on Thursday.> Open article in new tab
Future roadmap upgrades for the network will become more difficult with a large validator set, the report said.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for March 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
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.> Open article in new tab
Leading the downturn today, Fantom (FTM) contributes to the 2% drop in the crypto market after weeks of growth. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory Fantom is one of those altcoins that followed the broader momentum of the market. The latest market data shows that the token is down 10% in the past 24 hours, but is still on the green in the bi-weekly timeframe at 14%. However, Fantom has a trick up its sleeve to curb this brewing bearishness potentially. Fantom CEO Michael Kong Unveils Sonic Launch Sonic is the brand-new technology that the Fantom has been developing in the past 2 years. According to their latest blog post, Sonic was able to surpass the network’s 200 transactions per second metric. Although 200 TPS was already impressive compared to Ethereum’s 12 TPS, the network was quickly congested, and user experience deteriorated. Kong…> Open article in new tab
Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space. Why Meme Coins Are Crypto’s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and potential benefits of meme coins in driving adoption within the crypto space. Related Reading: Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination According to Bus, meme coins have become an integral part of the crypto market and are evolving towards potentially establishing themselves as a distinct asset class. The Messari executive has described these humor themed…> Open article in new tab
Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as digital tokens on the blockchain.> Open article in new tab
Sam Bankman-Fried was convicted last year. Here’s how his trial came together.> Open article in new tab
Litecoin (LTC), the silver to Bitcoin’s gold, has enjoyed a recent price surge, leaving investors cautiously optimistic about its future trajectory. Over the past week, LTC has seen a 13% increase, with its value hovering nearly $96 at the time of writing. This bullish run has been accompanied by technical indicators suggesting a potential continuation of the uptrend, but some analysts warn of lurking risks. LTC maintains a strong weekly performance. Source: Coingecko Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Potential Litecoin Price Bump In The Offing One key driver of optimism is the apparent breakout from a bullish triangle pattern. This technical indicator, identified by popular analyst World of Charts, suggests a potential price surge in the coming months, with some analysts even predicting a climb to $400. $Ltc #Ltc Breakout & Retest Has Already Confirmed Send It Towards 400$ Now…> Open article in new tab
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.> Open article in new tab
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.> Open article in new tab
The initiative is aimed at combating fraud and will kick in at the start of next year.> Open article in new tab
Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.8 million, effectively offsetting Grayscale GBTC’s $299.8 million outflows. Moreover, Ark Invest’s ARKB reported its best day yet, with $200 million in inflows, despite Fidelity experiencing its worst day with a mere $1.5 million in outflows. Nevertheless, Fidelity managed to bounce back with significant inflows of $261 million and $279 million on Monday and Tuesday, respectively. Yesterday's ETF flows were positive for $243.5 million. Blackrock finally woke up again for $323.8 million completely cancelling…> Open article in new tab
This is the third test for the Province’s new tool to combat money laundering.> Open article in new tab
The Bitcoin Cash halving is expected on Apr.4, blockchain trackers show, and has historically preceded price bumps.> Open article in new tab
XRP enthusiasts are in a frenzy after prominent community figure Chad Steingraber proposed a scenario where an XRP exchange-traded fund (ETF) could trade at a staggering 100x premium. Steingraber, a seasoned game designer, laid out his thoughts in a recent post, igniting discussions about the potential trajectory of an XRP ETF, particularly in light of the ongoing push for institutional adoption of the altcoin. Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Targeting A $500 XRP ETF Share Price Steingraber’s speculation centers around the price at which an XRP ETF’s shares might trade. His hypothesis hinges on the crypto reaching an unprecedented price of $5 per coin. In this scenario, he theorizes that the corresponding ETF could soar to equally unprecedented heights, potentially reaching a solid $500 per share. The actual underlying asset price does NOT have to skyrocket. The fund can trade…> Open article in new tab
Dealer hedging could breed volatility at around $70,000, one observer said.> Open article in new tab
Bitcoin price is consolidating gains above the $69,000 support zone. BTC must clear the $71,500 resistance zone to start a steady increase. Bitcoin price is still showing positive signs and facing resistance near $71,500. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $71,500 resistance zone. Bitcoin Price Holds Support Bitcoin price remained in a positive zone above the $68,800 resistance zone. BTC climbed higher the $70,000 resistance zone, but the bears were active near the $71,500 level. There were more than two attempts to clear the $71,500 level but the bulls failed. There was a downside correction, and the price tested the $68,400 support. A low was formed at $68,366 and…> Open article in new tab
Cardano (ADA) has received plenty of criticism over the years, whether it’s ADA’s price performance, its founder’s personality, or its community’s “beef” with Solana. This time, the project’s marketing team made the headlines after a viral video of female Cardano users became viral on social media. The ‘Cardano Girls’ video has sparked a conversation about the project’s efforts to reach a broader audience. Related Reading: Cardano (ADA) Eyes Explosive 2000% Bull Run, Targeting $12 And Quadrupling ATH A Breath Of Fresh Air In The Community The ‘Cardano Girls’ video was uploaded by Lily Brodi, a content creator and Cardano user, and went viral in hours. The video recreated a popular social media trend of people playfully listing stereotypical practices of a group of people with the phrase “We are (group). Of course, we…” The trend, recreated by millions, including famous personalities like Kim Kardashian, has reached the crypto community. Last…> Open article in new tab
BlackRock, one of the largest asset managers globally, has witnessed notable success with its newly launched tokenized money-market fund, BUIDL. The fund, which records shared ownership on the Ethereum (ETH) blockchain, has attracted over $160 million in just one week since its debut. BlackRock’s BUIDL Fund According to a Bloomberg report, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) primarily invests in cash, US Treasury bills, and repurchase agreements. The fund rewards its holders with a cryptocurrency, BUIDL, valued at $1 per token. Shareholders can transfer these tokens to other validated addresses using digital wallets approved by Securitize, BlackRock’s partner for the investment vehicle. The tokenized fund serves several key use cases, including treasury management for crypto companies, support for derivatives of Treasury bills, and acting as collateral for borrowing and trading, thus providing an alternative to stablecoins. Related Reading: Bitcoin “Liquid Inventory Ratio” Hits All-Time Low, What It Means…> Open article in new tab
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.> Open article in new tab
Blockchain analytics firm Elliptic found that the online organization raised a mere $21,000 in crypto for Hamas since the October 7th attacks.> Open article in new tab
The tokenized U.S. Treasury market is poised to reach $1 billion “very soon” given the growth of BlackRock’s BUIDL, an analyst noted.> Open article in new tab
BlackRock CEO Larry Fink isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.> Open article in new tab
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.> Open article in new tab
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?> Open article in new tab
MicroStrategy and Coinbase’s stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners.> Open article in new tab
The judge will deliver the verdict on May 14, the court said.> Open article in new tab
The allocation marks to first example of a crypto protocol leveraging BlackRock’s tokenized fund for its own offering.> Open article in new tab
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.> Open article in new tab
The rally in the MNT token pushed the market cap of the blockchain to over $4 billion.> Open article in new tab
MyShell uses blockchains to let creators earn a profit for building AI apps and Her-like companions.> Open article in new tab
The performance of EtherFi’s token could lift valuations of other restaking platforms ahead of their airdrops, one analyst noted.> Open article in new tab
An introduction to Futarchy and combinatorial prediction markets.> Open article in new tab
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.> Open article in new tab
We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.> Open article in new tab
“The use of memes in promotions is particularly prevalent in the crypto-asset sector,” the FCA’s guidance said.> Open article in new tab
The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management.> Open article in new tab
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.> Open article in new tab
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.> Open article in new tab
The surge occurred as U.S. federal prosecutors charged the exchange and two of its founders with violating anti-money laundering laws on Tuesday.> Open article in new tab
Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.> Open article in new tab
The 21Shares Toncoin Staking ETP (TONN) listed on Swiss SIX Exchange on Wednesday.> Open article in new tab
Crypto technology firm Katena Computing didn’t trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company’s suit against Katena and a semiconductor company called DX Corr.> Open article in new tab
Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for March 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.> Open article in new tab
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics firm TRM Labs has found.> Open article in new tab
The three firms are seeking to create an AI collective to provide a decentralized alternative to existing projects that are controlled by Big Tech.> Open article in new tab
Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028.> Open article in new tab
Sam Bankman-Fried will find out this week if he is potentially facing decades in prison. Judge Lewis Kaplan is set to sentence him for his conviction last year on two fraud charges and five conspiracy charges tied to the operation and collapse of FTX.> Open article in new tab
The $322,000 “goodwill” settlement with MFSA related to OKX’s Okcoin Europe subsidiary.> Open article in new tab
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.> Open article in new tab
Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong’s Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on Wednesday.> Open article in new tab