Minimalist News

AI Summary

Recent U.S. inflation data showed a drop in the Consumer Price Index (CPI) to 3.1%, suggesting potential Federal Reserve interest rate cuts, which could boost liquidity in the crypto market and enhance risk appetite among investors.
The SEC is reportedly close to concluding its case against Ripple Labs, a development that may have significant implications for the cryptocurrency's market status and regulatory clarity.
Binance secured a $2 billion investment from Abu Dhabi's MGX, marking the largest known institutional backing for a crypto exchange, potentially bolstering its operations amid a turbulent market.
OKX has obtained a MiFID II license, allowing the platform to offer derivatives within the European Union, indicating a shift towards more regulated and sophisticated crypto trading environments.
Bitcoin's dominance in the crypto market has reached new highs, with the measure sitting at over 61%, signaling a retraction of interest in altcoins and a possible consolidation phase for Bitcoin.

CoinDesk

Why TikTok Should Be OnChain coindesk.com 3 hours ago by Braxton Woodham
Opinion
Imagine a world where your digital identity is truly your own, where every post, connection, and interaction isn’t locked within the walls of …
Tether’s Paolo Ardoino Says Stablecoin Issuer ‘Has Been Through Hell’, Is Cheered On at Cantor Conference coindesk.com 3 hours ago by Helene Braun, Krisztian Sandor
Finance, Tether, Paolo Ardoino, Stablecoins, USDT, Cantor fitzgerald
Attendees clapped and cheered when Paolo Ardoino, the public face of perhaps most influential company in crypto, entered the stage at the Cant…
The Protocol: Ethereum’s Holesky Testnet Finalizes, Finally coindesk.com 3 hours ago by Margaux Nijkerk
Tech, The Protocol, Ethereum, Newsletter
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I'm Margaux Nijkerk, Coin…
Crypto Rally Doesn't Hold After Soft Inflation Data coindesk.com 4 hours ago by Tom Carreras
Markets, Bitcoin, Ether, Inflation, Market Wrap
The crypto sector was mostly flat for the day, as a short rally following better than hoped U.S. inflation data quickly lost steam. Bitcoin (…
Garantex Operator Aleksej Besciokov Arrested in India: Report coindesk.com 7 hours ago by Cheyenne Ligon
Policy, Garantex, DOJ, OFAC
One of the operators of sanctioned Russian cryptocurrency exchange Garantex was arrested in India on Tuesday, according to two recent news rep…
OKX Europe Acquires MiFID II-Licensed Company in Malta coindesk.com 8 hours ago by Camomile Shumba
Policy, OKX, MiFID II
Crypto exchange OKX Europe has acquired a Malta-licensed firm with a Markets in Financial Instruments Directive II (MiFID II) license, bringin…
Crypto ETFs Likely Won't Be Approved Until New SEC Chair Is Sworn In coindesk.com 8 hours ago by Helene Braun
Policy, SEC, ETFs
Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications…
XRP Token Rises After Report That Ripple's Close to Wrapping Up SEC Case coindesk.com 8 hours ago by Shaurya Malwa, Cheyenne Ligon
Policy, Ripple Labs, SEC, XRP
The long-running legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could soon reach a resolution, Fox B…
Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate coindesk.com 8 hours ago by Oliver Knight
Finance, Ethereum, Ether, Staking
U.S.-based digital asset data provider Lukka has teamed up with CoinDesk Indices to integrate the Composite Ether Staking Rate (CESR) into its…
Bitcoin Miner Bitdeer Increases BTC Holdings by 75% to 1,039 BTC in Two Months coindesk.com 8 hours ago by Francisco Rodrigues
Markets, Bitdeer, Bitcoin Mining
Bitdeer Technologies (BTDR) boosted its bitcoin (BTC) holdings by almost 75% in two months by redirecting some of its mining rigs to self prod…
Binance Labs-Backed Network Hemi Debuts $440M Mainnet to 'Unify' Bitcoin, Ethereum coindesk.com 9 hours ago by Jamie Crawley
Tech, Bitcoin, Ethereum, layer 2, DeFi, Jeff Garzik
EMB: March 12, 16:00 UTC Modular blockchain Hemi Labs' unveiled its mainnet with $440 million in total value locked (TVL). Hemi, founded by …
From Ethereum's Engine Room to Wall Street: Danny Ryan's New Mission coindesk.com 9 hours ago by Margaux Nijkerk
Tech, Danny Ryan, Ethereum Foundation, Vitalik Buterin, Wall Street
As controversy swirled around the Ethereum Foundation (EF) this winter, one of Ethereum's most respected architects was quietly plotting his n…
Why There's More to BNB Than Meets the Eye coindesk.com 10 hours ago by Matt Gerics
CoinDesk Indices, BNB, Binance, Coin burn, Bnb chain, Crypto Long & Short, Opinion
Many investors dismiss BNB as simply "the Binance coin," but that designation fails to recognize its broader value unlocks. While BNB was init…
Bitcoin: Where Does It Go Now? coindesk.com 10 hours ago by Simon Peters
CoinDesk Indices, Bitcoin Price, Bull Market, Sentiment, Fear & Greed Index, Crypto Long & Short, Opinion
Crypto markets have recently dropped to their lowest prices in three months, reversing most of the gains following Trump’s U.S. presidential v…
Binance Gets $2B Investment From Abu Dhabi's MGX coindesk.com 10 hours ago by Krisztian Sandor
Finance, Binance, Abu Dhabi
Crypto exchange giant Binance said on Wednesday that Abu Dhabi-based investment firm MGX invested $2 billion in the company. The investment m…
U.S. Treasury Market Most Volatile in 4 Months May Slow Any Bitcoin Price Recovery After CPI coindesk.com 10 hours ago by Omkar Godbole
Markets, Bitcoin, Bonds, Volatility, Treasury Bills
The U.S. Treasury market is experiencing its highest volatility in four months, potentially jeopardizing an expected bitcoin (BTC) price recov…
The SEC's Retreat From Crypto Enforcement May Invite More Private Lawsuits coindesk.com 10 hours ago by Sydney Johnson, Calvin Koo
Opinion
Until the new presidential administration took office, the digital asset industry was embroiled in an existential showdown with the U.S. Secur…
Bolivian State Energy Firm to Use Crypto to Pay for Imports: Reuters coindesk.com 11 hours ago by Oliver Knight
Finance, Bolivia, South America, Energy
Bolivia's state energy company YBFB will use cryptocurrency to pay for energy imports, according to a Reuters report. YBFB hopes that using c…
Bank of Russia Proposes Crypto Investment Pilot for High-Net-Worth Investors coindesk.com 11 hours ago by Francisco Rodrigues
Policy, Russia, Bank of Russia
The Bank of Russia has submitted proposals to the government for a controlled experiment allowing a “limited group of Russian investors” to tr…
MEXC Ventures Invests $36M in Ethena and USDe as Stablecoin Demand Continues to Surge coindesk.com 11 hours ago by Aoyon Ashraf, AI Boost
Finance, Stablecoin, Ethena, Usde, Mexc global
MEXC Ventures, the investment arm of crypto exchange MEXC, is investing a total of $36 million into Ethena and its USDe stablecoin, according …
Exodus Movement Has Right Product at Right Time, Initiate With Buy Rating: Benchmark coindesk.com 12 hours ago by Will Canny
Markets, Self custody, Wallet, Benchmark, Analyst Ratings
The recent hack of crypto exchange Bybit highlights the value of self-custody wallets, broker Benchmark said in a Wednesday report initiating …
Video-Sharing Platform Rumble Buys 188 BTC for $17.1M coindesk.com 12 hours ago by Francisco Rodrigues
Markets, bitcoin adoption
Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the co…
CoinDesk 20 Performance Update: Hedera (HBAR) Gains 4.4% as Index Inches Higher coindesk.com 12 hours ago by CoinDesk Indices
CoinDesk Indices, CoinDesk 20, charts, Prices
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDes…
Hyperliquid Loses $4M After Whale's Over $200M Ether Trade Unwinds coindesk.com 12 hours ago by Shaurya Malwa
Markets, Ether, Whale, Leverage
The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the "whale" placed the bet.…
Inflation Relief as U.S. CPI Dips to Less Than Forecast 2.8% in February coindesk.com 12 hours ago by James Van Straten, Stephen Alpher
Markets, Bitcoin, Inflation, CPI, Breaking News
Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in the plan as spring and summer …