Gyroscope seeks to boost its GYD stablecoin with new products servicing airdrop farmers and yield seekers.
First Mover Americas: Bitcoin Slumps, Liquidations Surge
The latest price moves in crypto markets in context for March 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Citi and Brazilian Development Bank Join Hyperledger Foundation
The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client.
Galaxy Digital to Introduce Exchange-Traded Products in Europe in ‘Matter of Weeks’
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
Solana Meme Coin Slerf Clocks Higher Trading Volume Than All of Ethereum
Some professional traders have termed SLERF a “blue chip meme” – a nod to blue chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand.
Bitcoin Drops Under $63K, Leads to Marketwide Correction
Crypto market capitalization fell more than 8% in the past 24 hours, data shows.
Grayscale CEO Believes Bitcoin ETF Fees Will Drop Over Time: CNBC
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors.
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
The U.K. has been refining it approach to regulating the crypto sector.
Brevan Howard-Backed Tokenization Firm Libre Goes Live
Libre has added a tokenized version of a BlackRock money-market fund so investors can earn yield while parking their capital.
World’s Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan
Japan’s state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.
Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations
Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact.
Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg
The presence of U.S. nationals on the platform has been a contentious issue for authorities as, officially, they are banned but continue to pop up.
Crypto Compliance Platform Keyring Raises $6M to Unlock DeFi for Institutions
The company allows institutional investors to comply with regulations when interacting with DeFi, and recently facilitated a proof of concept trial with Nomura’s crypto arm Laser Digital by building a compliance wrapper on top of USDC stablecoin.
Bitcoin No Longer Trading at a Premium on Coinbase, Data Show
The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.
Grab’s Singapore Users Can Now Use Crypto to Make Payments
The Grab super app is now making available the option of paying in cryptocurrencies, The Straits Times reported Tuesday citing alerts from Grab users.
Bitcoin Virtual Machine Will Soon Let Users Create AI Models on Bitcoin Network
“We’ve figured out a way to put AI on-chain,” lead developer punk3700 told CoinDesk in an X message.
Nigerian Court Orders Binance to Relinquish Data of All Nigerians Trading on its Platform: Report
A Nigerian court has ordered Binance to provide Nigeria’s Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform.
FTX Users Describe ‘Emotional Toll’ From Bankruptcy in Letters to Judge Ahead of Sam Bankman-Fried’s Sentencing
The Department of Justice filed dozens of victim impact statements from FTX creditors Monday ahead of Bankman-Fried’s sentencing next week. These victims hail from around the world, with the letters describing their FTX holdings and the effect FTX’s bankruptcy had on their lives.
Bitcoin Flash Crashed to $8.9K on BitMEX
Large sell orders worth $55.49 million drove bitcoin’s price down to $8,900 on BitMEX. The overnight crash was short-lived.