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Latest headlines from Coindesk.

Crypto Dollars Helped Lift U.S. Politicians to Victory in Congressional Primaries

Focused campaign spending from the crypto industry hit paydirt in Super Tuesday elections across the U.S., with several key congressional races going the way the industry had hoped.

https://www.coindesk.com/policy/2024/03/06/crypto-dollars-helped-lift-us-politicians-to-victory-in-congressional-primaries/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

MicroStrategy Upsizes Convertible Debt Offering to $700M to Buy Even More Bitcoin

The company's convertible debt offering will have a conversion price at 42.5% premium to last close.

https://www.coindesk.com/markets/2024/03/06/microstrategy-upsizes-convertible-debt-offering-to-700m-to-buy-even-more-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

'Congress Needs to Act' on Crypto Regulations, CFTC Chair Behnam Tells Lawmakers

The CFTC Chair was testifying on the regulator's 2025 budget request.

https://www.coindesk.com/policy/2024/03/06/congress-needs-to-act-on-crypto-regulations-cftc-chair-behnam-tells-lawmakers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethereum Fees Set to Drop for Arbitrum, Polygon, Starknet, Base. But How Much?

Leading figures behind layer-2 teams told CoinDesk how Ethereum's upcoming Dencun upgrade will affect their networks.

https://www.coindesk.com/tech/2024/03/06/ethereum-fees-set-to-drop-for-arbitrum-polygon-starknet-base-but-how-much/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

UK Launches Consultation on Implementing OECD Crypto Reporting Framework

The U.K. government believes implementing the reporting framework could draw in 35 million pounds ($45 million) from 2026.

https://www.coindesk.com/policy/2024/03/06/uk-launches-consultation-on-implementing-oecd-crypto-reporting-framework/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Web3 App Store Magic Square Unveils $66M Grant Program

Magic Square's Ecosystem Grant Program consists of 120 million SQR, equivalent to 12% of the token's total supply.

https://www.coindesk.com/business/2024/03/06/web3-app-store-magic-square-unveils-66m-grant-program/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage

IBIT’s total inflows surpassed the $9 billion mark on Tuesday and show no signs of easing nearly two months after going live.

https://www.coindesk.com/markets/2024/03/06/blackrocks-bitcoin-etf-added-a-record-126k-btc-in-tuesdays-carnage/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors.

https://www.coindesk.com/business/2024/03/06/digital-currency-group-files-for-dismissal-of-new-york-attorney-generals-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: What Comes After BTC’s Flirt With Record High

The latest price moves in bitcoin (BTC) and crypto markets in context for March 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/03/06/first-mover-americas-what-comes-after-btcs-flirt-with-record-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Biden and Trump-Themed Meme Coins Take Center Stage on Solana

A new breed of meme coins have spawned on Solana this week with speculators hopping on a new wave of cartoonish coins focused around politicians and celebrities.

https://www.coindesk.com/business/2024/03/06/biden-and-trump-themed-meme-coins-take-center-stage-on-solana/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Rally May Slow as Order-Book Imbalance Hints at Profit Taking

The gap between liquidity on the ask and bid sides of the order book within 2% of the market price has widened to nearly five times is usual value, according to data tracked by Kaiko.

https://www.coindesk.com/markets/2024/03/06/bitcoin-rally-may-slow-as-order-book-imbalance-hints-at-profit-taking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Revolut Launches Direct Crypto Purchase Into MetaMask Wallets in Bid to Simplify Web3

The digital bank continues to expand its crypto offerings with its new product “Revolut Ramp,” which aims to make it easier for customers to purchase cryptocurrencies.

https://www.coindesk.com/business/2024/03/06/revolut-launches-direct-crypto-purchase-into-metamask-wallets-in-bid-to-simplify-web3/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana Meme Coin Dogwifhat Surges 48%, Outperforming BONK, DOGE

Some meme coins are surging in anticipation of more exchange listings in the coming months.

https://www.coindesk.com/markets/2024/03/06/solana-meme-coin-dogwifhat-surges-48-outperforming-bonk-doge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore

Bitstamp describes itself as the "first crypto exchange with major European Union (EU) presence to secure in-principle approval in Singapore."

https://www.coindesk.com/policy/2024/03/06/european-crypto-exchange-bitstamp-receives-in-principle-approval-in-singapore/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Rebounds as $150K Target for 2024 Comes in View

Crypto markets slid as much as 10% in the past 24 hours, but have quickly been bought up by bulls.

https://www.coindesk.com/markets/2024/03/06/bitcoin-rebounds-as-150k-target-for-2024-comes-in-view/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Funding Rates Reset After Bitcoin's Sharp Pullback From $69K

The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.

https://www.coindesk.com/markets/2024/03/06/crypto-funding-rates-reset-after-bitcoins-sharp-pullback-from-69k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript

"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.

https://www.coindesk.com/policy/2024/03/06/binanceus-slashed-two-thirds-of-its-workforce-as-revenue-plunged-after-sec-lawsuit-court-transcript/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ShapeShift Settles SEC Charges It Sold Crypto Securities

The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021.

https://www.coindesk.com/policy/2024/03/06/shapeshift-settles-sec-charges-it-sold-crypto-securities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out

Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs.

https://www.coindesk.com/markets/2024/03/06/bitcoins-test-of-all-time-highs-means-old-miners-are-cashing-out/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications

The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs.

https://www.coindesk.com/policy/2024/03/06/sec-pushes-back-decision-on-blackrock-fidelitys-ether-etf-applications/?utm_medium=referral&utm_source=rss&utm_campaign=headlines