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Latest headlines from Coindesk.

Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days

Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.

https://www.coindesk.com/markets/2024/02/09/bitcoin-tops-47k-as-spot-bitcoin-etfs-book-one-of-their-best-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Vibe Check: Momentum Building: CoinDesk Indices' Todd Groth

Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.

https://www.coindesk.com/markets/2024/02/09/vibe-check-momentum-building-coindesk-indices-todd-groth/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Seen Topping $50K This Weekend

The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/02/09/first-mover-americas-bitcoin-seen-topping-50k-this-weekend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Stocks Rally Pre-Market as Bitcoin Tops $46K

Bitcoin climbed over $46,000 for the first time in nearly a month early Friday, extending its gain for the week to nearly 10%.

https://www.coindesk.com/markets/2024/02/09/crypto-stocks-rally-pre-market-as-bitcoin-tops-46k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week

ERC-404 allows multiple wallets to directly own a single NFT, and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.

https://www.coindesk.com/tech/2024/02/09/what-is-erc-404-the-experimental-standard-whose-first-token-has-rocketed-12000-in-one-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.

https://www.coindesk.com/policy/2024/02/09/uks-planned-stablecoin-rules-need-reworking-crypto-advocates-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein

The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs in 2024, the report said.

https://www.coindesk.com/markets/2024/02/09/bitcoin-miner-shares-offer-good-entry-point-ahead-of-halving-event-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Crosses $46K as Year of 'Long' Begins, Easing ETF Selloff

Over the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.

https://www.coindesk.com/markets/2024/02/09/bitcoin-crosses-46k-as-year-of-long-begins-easing-etf-selloff/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CoinDesk’s New Owner Bullish Replaces CEO in Restructuring

Sara Startoberdha succeeds Kevin Worth, who has led CoinDesk since 2017.

https://www.coindesk.com/business/2024/02/09/coindesks-new-owner-bullish-replaces-ceo-in-restructuring/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Welcome to the ‘Bitcoin Era’ on Wall Street

With a roster of bitcoin ETFs already trading, companies will need to figure out how to differentiate their products.

https://www.coindesk.com/consensus-magazine/2024/02/08/welcome-to-the-bitcoin-era-on-wall-street/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether’s Prometheum Test

The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.

https://www.coindesk.com/consensus-magazine/2024/02/08/ethers-prometheum-test/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead

The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.

https://www.coindesk.com/markets/2024/02/08/solanas-sol-rebounds-after-network-outage-trader-hints-at-extreme-move-ahead/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

JPMorgan Survey Shows Over Half of Institutional Traders Don't Want Crypto Exposure

The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.

https://www.coindesk.com/markets/2024/02/08/jpmorgan-survey-shows-over-half-of-institutional-traders-dont-want-crypto-exposure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Senators Berate SEC's Gensler for Agency's 'Unethical' Handling of Crypto Case

The U.S. Securities and Exchange Commission's admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Rep...

https://www.coindesk.com/policy/2024/02/08/us-senators-berate-secs-gensler-for-agencys-unethical-handling-of-crypto-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Mining and the Politicization of a Once Reputable Federal Agency

The Department of Energy's statistics wing is feigning an "emergency" to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Di...

https://www.coindesk.com/consensus-magazine/2024/02/08/bitcoin-mining-and-the-politicization-of-a-once-reputable-federal-agency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin

The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to "al...

https://www.coindesk.com/tech/2024/02/08/polygon-releases-type-1-prover-claiming-milestone-set-by-ethereums-vitalik-buterin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Layer-2 Blockchain Developer StarkWare Plans ‘Cairo’ to Verify Layer-3s

Cairo, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s m...

https://www.coindesk.com/tech/2024/02/08/layer-2-blockchain-developer-starkware-plans-cairo-to-verify-layer-3s/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy

The recently launched spot bitcoin ETFs, excluding Grayscale's GBTC, added nearly another 5,000 tokens to their holdings yesterday, and now at more than 192,000 BTC, hold more of the crypto than Micro...

https://www.coindesk.com/markets/2024/02/08/bitcoin-etfs-ex-gbtc-now-hold-more-btc-than-microstrategy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto for Advisors: Bitcoin as a Building Block for Portfolios

A practical, unbiased, and proven approach could classify bitcoin as another building block in institutional investors' portfolios.

https://www.coindesk.com/business/2024/02/08/crypto-for-advisors-bitcoin-as-a-building-block-for-portfolios/?utm_medium=referral&utm_source=rss&utm_campaign=headlines