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First Mover Asia: Bitcoin Breaks Its Losing Streak in Late Tuesday Rally ALSO: CoinDesk's Pete Pachal and Daniel Kuhn outline important themes at Consensus 2023 conference, which opens Wednesday in Austin, Texas. [First Mover Asia: Bitcoin Breaks Its Losing Streak in Late Tuesday Rally](https://www.coindesk.com/markets/2023/04/26/first-mover-asia-bitcoin-breaks-its-losing-streak-in-late-tuesday-rally/) ALSO: CoinDesk's Pete Pachal and Daniel Kuhn outline important themes at Consensus 2023 conference, which opens Wednesday in Austin, Texas.
What to Expect at Consensus 2023 From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus. [What to Expect at Consensus 2023](https://www.coindesk.com/consensus-magazine/2023/04/24/what-to-expect-at-consensus-2023/) From Solana phones to the future of U.S. crypto policy, here’s what to look out for at crypto’s Big Tent event – Consensus.
Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled [Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright](https://www.coindesk.com/web3/2023/04/22/judge-rules-bored-ape-yacht-club-ripoff-nfts-violated-yuga-copyright/) Use of BAYC trademarks by Ripps’ RR/BAYC was intended to confuse consumers, a U.S. judge in California has ruled
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows. [Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall](https://www.coindesk.com/business/2023/04/21/ether-erases-all-gains-from-shanghai-rally-as-bitcoin-crypto-prices-fall/) The second-largest cryptocurrency by market capitalization has dropped to its lowest point since April 9, CoinDesk data shows.
U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed A new court filing suggests non-contentious elements of the null billion deal could go ahead even before an appeal is heard. [U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed](https://www.coindesk.com/policy/2023/04/20/us-government-allows-the-bulk-of-voyager-binanceus-deal-to-proceed/) A new court filing suggests non-contentious elements of the null billion deal could go ahead even before an appeal is heard.
Ethereum Fees Spike as Bots Spend Millions to Frontrun Punters of PEPE, CHAD An entity connected to a wallet named “jaredfromsubway.eth” is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad. [Ethereum Fees Spike as Bots Spend Millions to Frontrun Punters of PEPE, CHAD](https://www.coindesk.com/tech/2023/04/19/ethereum-fees-spike-as-bots-spend-millions-to-frontrun-punters-of-pepe-chad/) An entity connected to a wallet named “jaredfromsubway.eth” is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad.
First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment. [First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K](https://www.coindesk.com/markets/2023/04/19/first-mover-asia-bitcoin-rally-stalls-above-30k-ether-hits-21k/) ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.
Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit The agency said Bittrex failed to register as an exchange, broker or clearing agency. [Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit](https://www.coindesk.com/policy/2023/04/17/crypto-exchange-bittrex-violated-federal-laws-sec-charges-in-lawsuit/) The agency said Bittrex failed to register as an exchange, broker or clearing agency.
Reclaiming Purpose in Crypto: CoinDesk's Projects to Watch 2023 The original cryptocurrency, bitcoin, was invented to solve a problem. We returned to that inspiration to spotlight 19 blockchain, crypto and Web3 projects and the big problems they seek to solve. [Reclaiming Purpose in Crypto: CoinDesk's Projects to Watch 2023](https://www.coindesk.com/consensus-magazine/2023/04/17/crypto-projects-to-watch-2023-introduction-and-list/) The original cryptocurrency, bitcoin, was invented to solve a problem. We returned to that inspiration to spotlight 19 blockchain, crypto and Web3 projects and the big problems they seek to solve.
Chia Network Submits Registration to U.S. SEC For Proposed IPO The size and price range for the offering has yet to be determined [Chia Network Submits Registration to U.S. SEC For Proposed IPO](https://www.coindesk.com/business/2023/04/14/chia-network-submits-registration-to-us-sec-for-proposed-ipo/) The size and price range for the offering has yet to be determined
SEC May Be Coming for DeFi Oversight; Solana's Web3 Smartphone Apr 15, 2023 "The Hash" tackles today's hot topics: Why a look at balance sheets of the world's top central banks could mean for the outlook for risk assets like bitcoin. [SEC May Be Coming for DeFi Oversight; Solana's Web3 Smartphone](https://www.coindesk.com/tv/the-hash/upcoming-the-hash-episode-9/) "The Hash" tackles today's hot topics: Why a look at balance sheets of the world's top central banks could mean for the outlook for risk assets like bitcoin. The Securities and Exchange Commission (SEC) is considering reopening a proposal that would fold in oversight of decentralized finance (DeFi) exchanges. A new Pew Research study shows that a majority of Americans are not confident in crypto. Plus, why Solana is selling a new smartphone.
Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue Crypto exchange Kraken agreed to shut down its U.S. crypto staking service in February as part of a settlement with the Securities and Exchange Commission. [Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue](https://www.coindesk.com/markets/2023/04/13/kraken-leads-post-shanghai-unstaking-parade/) Crypto exchange Kraken agreed to shut down its U.S. crypto staking service in February as part of a settlement with the Securities and Exchange Commission.
First Mover Asia: Is a ‘Sharp Move’ Around the Corner for Bitcoin and Ether? ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital asset innovation and leadership away from the U.S.? [First Mover Asia: Is a ‘Sharp Move’ Around the Corner for Bitcoin and Ether?](https://www.coindesk.com/markets/2023/04/10/first-mover-asia-is-a-sharp-move-around-the-corner-for-bitcoin-and-ether/) ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital asset innovation and leadership away from the U.S.?
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December. [India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources](https://www.coindesk.com/policy/2023/04/06/india-targeting-one-million-cbdc-users-in-three-months-prioritizing-offline-transfers-sources/) Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.
Ether Dips Below null.9K Ahead of 'Shapella'; Japan Greenlights Bullish Web3 White Paper Apr 6, 2023 Ethereum's Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum's complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. [Ether Dips Below null.9K Ahead of 'Shapella'; Japan Greenlights Bullish Web3 White Paper](https://www.coindesk.com/tv/first-mover/ether-dips-below-19k-ahead-of-shapella-japan-greenlights-bullish-web3-white-paper/) Ethereum's Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum's complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets chief operating officer Max Williams and Umee CEO Brent Xu discuss. Plus, a closer look at Japan's new Web3 white paper laying out recommendations for growing the country's industry. And, The Crypto Lawyer Irina Heaver shares her insights on the crypto industry in Dubai.
MicroStrategy Buys Another 1,045 Bitcoin for $23.9M The company now holds 140,000 bitcoin worth about $4 billion. [MicroStrategy Buys Another 1,045 Bitcoin for $23.9M](https://www.coindesk.com/business/2023/04/05/microstrategy-buys-another-1045-bitcoin-for-239m/) The company now holds 140,000 bitcoin worth about $4 billion.
Ethereum's Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: Observers The 1 million instantly withdrawable ether has become a point of concern for the market. [Ethereum's Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: Observers](https://www.coindesk.com/markets/2023/04/05/ethereums-shanghai-upgrade-could-bring-24b-of-selling-pressure-to-ether-market/) The 1 million instantly withdrawable ether has become a point of concern for the market.
Bitcoin Volatility Index's Correlation With Price Flips Positive, Boosts Appeal of Bullish Call Options The positive correlation between bitcoin's market value and its implied volatility means faster price appreciation for call option holders. [Bitcoin Volatility Index's Correlation With Price Flips Positive, Boosts Appeal of Bullish Call Options](https://www.coindesk.com/markets/2023/04/04/bitcoin-volatility-indexs-correlation-with-price-flips-positive-boosts-appeal-of-bullish-call-options/) The positive correlation between bitcoin's market value and its implied volatility means faster price appreciation for call option holders.
Binance's BNB, Bitcoin Tumble After Crypto Twitter Personality Cobie's Wild Guess @cobie's encrypted message read: "Interpol Red Notice for [Binance's CEO]". After someone cracked the code, the post spooked markets, even though it was just a rumor. [Binance's BNB, Bitcoin Tumble After Crypto Twitter Personality Cobie's Wild Guess](https://www.coindesk.com/policy/2023/04/03/unverified-rumor-of-interpol-red-notice-for-binance-ceo-changpeng-zhao-sends-bnb-bitcoin-lower/) @cobie's encrypted message read: "Interpol Red Notice for [Binance's CEO]". After someone cracked the code, the post spooked markets, even though it was just a rumor.
April Seasonality in Favor of Bitcoin and Stocks The first month of the second quarter usually sees bullish environment for risk assets. [April Seasonality in Favor of Bitcoin and Stocks](https://www.coindesk.com/markets/2023/04/03/april-seasonality-in-favor-of-bitcoin-and-stocks/) The first month of the second quarter usually sees bullish environment for risk assets.
XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange. [XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges](https://www.coindesk.com/markets/2023/03/30/xrp-trading-volumes-surges-to-billions-of-dollars-on-south-korean-crypto-exchanges/) XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts. [Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq](https://www.coindesk.com/markets/2023/03/29/bitcoin-heads-for-best-quarter-in-two-years-outperforms-ether-gold-and-nasdaq/) One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention The U.S. Securities and Exchange Commission (SEC) accuses XRP of being an unregistered security in a court case that’s expected to be completed soon. [XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention](https://www.coindesk.com/markets/2023/03/28/xrp-surges-to-five-month-high-as-some-point-to-bitcoin-commodities-mention/) The U.S. Securities and Exchange Commission (SEC) accuses XRP of being an unregistered security in a court case that’s expected to be completed soon.
Former CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops Mar 28, 2023 The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations that the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Show more [Former CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops](https://www.coindesk.com/tv/first-mover/former-cftc-chair-massad-reacts-to-cftc-case-against-binance-bitcoin-drops/) The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations that the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Timothy Massad, former CFTC chair and Harvard Kennedy School research fellow and digital assets policy project director, weighs in. This comes as Bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. DFD Partners President Bilal Little shares his crypto markets analysis.
Polygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction The release of Polygon’s zkEVM comes just days after competitor Matter Labs released its own zkEVM, zkSync Era. [Polygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction](https://www.coindesk.com/tech/2023/03/27/polygon-zkevm-mainnet-beta-goes-live-ethereums-buterin-to-process-first-transaction/) The release of Polygon’s zkEVM comes just days after competitor Matter Labs released its own zkEVM, zkSync Era.
First Citizens Buys Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which is potentially worth up to $500 million. [First Citizens Buys Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits](https://www.coindesk.com/business/2023/03/27/first-citizens-to-buy-silicon-valley-banks-deposits-loans-in-555b-agreement-with-fdic/) The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which is potentially worth up to $500 million.
Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol EUL tokens jumped 47% on the transfer of tokens. [Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol](https://www.coindesk.com/tech/2023/03/25/euler-finance-hacker-sends-51000-ether-back-to-protocol/) EUL tokens jumped 47% on the transfer of tokens.
U.S. Supreme Court to Hear First Crypto Case Tuesday Coinbase is asking the high court to pause a pair of class-action lawsuits as the exchange attempts to force the plaintiffs into arbitration.
First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.” [First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle](https://www.coindesk.com/markets/2023/03/21/first-mover-asia-crypto-vc-funding-was-resilient-in-the-bear-market-its-now-powering-through-this-mini-bull-cycle/) A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”
Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K The big move is aimed at avoiding a March 2020-like global dash for cash that saw investors sell everything, including bitcoin, for the U.S. dollar. [Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K](https://www.coindesk.com/markets/2023/03/20/fed-ecb-and-others-take-coordinated-steps-to-boost-dollar-liquidity-bitcoin-tops-28k/) The big move is aimed at avoiding a March 2020-like global dash for cash that saw investors sell everything, including bitcoin, for the U.S. dollar.
First Mover Asia: Bitcoin Is Being Made Great Again ALSO: Bitcoin’s surge over the past week reflects a ‘flight to quality,’ but liquidity remains an issue. [First Mover Asia: Bitcoin Is Being Made Great Again](https://www.coindesk.com/markets/2023/03/20/first-mover-asia-bitcoin-is-being-made-great-again/) ALSO: Bitcoin’s surge over the past week reflects a ‘flight to quality,’ but liquidity remains an issue.
U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis. [U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator](https://www.coindesk.com/policy/2023/03/15/us-lawmakers-digging-through-crypto-legislation-for-bipartisan-winners-senator/) Ideas have been gathered from the Senate and House, and lawmakers are trying to figure out what can get bipartisan support, said Senate Banking Committee member Thom Tillis.
First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner? The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. [Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?](https://www.coindesk.com/business/2023/03/15/who-is-cross-river-bank-usdc-issuer-circles-new-partner/) The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny.
Bitcoin Breaks $26K as U.S. Inflation Slowed to 6% in February The bitcoin price (BTC) rose to a nine-month high of $25,484 in the minutes following the report and then extended those gains. [Bitcoin Breaks $26K as U.S. Inflation Slowed to 6% in February](https://www.coindesk.com/business/2023/03/14/us-inflation-slows-to-6-in-february-bitcoin-breaks-25k/) The bitcoin price (BTC) rose to a nine-month high of $25,484 in the minutes following the report and then extended those gains.
This is Lenny
DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto MakerDAO’s decentralized stablecoin hit an all-time low of $0.88 in Asian afternoon hours on Saturday. [DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto](https://www.coindesk.com/markets/2023/03/11/dai-depegs-as-stablecoin-rout-plagues-crypto/) MakerDAO’s decentralized stablecoin hit an all-time low of $0.88 in Asian afternoon hours on Saturday.
USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses USDC's normally stable price sank to $0.869 from null while Ethereum gas fees soared hours after the crypto-tied bank failed. [USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses](https://www.coindesk.com/markets/2023/03/11/usdc-stablecoin-and-crypto-market-go-haywire-after-silicon-valley-bank-collapses/) USDC's normally stable price sank to $0.869 from null while Ethereum gas fees soared hours after the crypto-tied bank failed.
FTX Bankruptcy Special Counsel, Advisers Bill $38M for January FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case. [FTX Bankruptcy Special Counsel, Advisers Bill $38M for January](https://www.coindesk.com/business/2023/03/07/ftx-bankruptcy-special-counsel-and-advisers-bill-38-million-for-january/) FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case.
Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime [Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards](https://www.coindesk.com/business/2023/02/27/coinbase-to-suspend-binance-usd-stablecoin-saying-it-doesnt-meet-listing-standards/) The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime.
Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On It’s still unclear what caused the service outage. [Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On](https://www.coindesk.com/business/2023/02/26/solana-validators-to-make-second-restart-attempt-as-transaction-freeze-drags-on/) It’s still unclear what caused the service outage.
Nice to join Yasai! Let's building~ #Yasai
Nice to join Yasai! Let's building~ #Yasai
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