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Latest headlines from Coindesk.

Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance

The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.

https://www.coindesk.com/markets/2024/03/08/coinbase-upgraded-to-neutral-as-goldman-sachs-ends-bearish-stance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

PEPE Leads Meme Coin Rally as Ether Nears $4K

Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.

https://www.coindesk.com/markets/2024/03/08/pepe-leads-meme-coins-rally-as-ether-nears-4k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Stablecoin Project Ethena Labs Bags $4M for USDe Treasury

The stablecoin earns yield by shorting ether futures and capturing funding rates - which have surged in the past two weeks.

https://www.coindesk.com/markets/2024/03/08/stablecoin-project-ethena-labs-bags-4m-for-usde-treasury/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan

The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.

https://www.coindesk.com/markets/2024/03/08/bitcoin-is-unlikely-to-match-golds-allocation-in-investors-portfolios-in-nominal-terms-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Optimism Sells $89M OP Tokens in Private Transaction

The tokens have been sold to an undisclosed buyer and will be vested for two years.

https://www.coindesk.com/business/2024/03/08/optimism-sells-89m-op-tokens-in-private-transaction/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Return of Animal Spirits? Bitcoin Traders Lock $20M in the $200K Call Option

Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.

https://www.coindesk.com/markets/2024/03/08/return-of-animal-spirits-bitcoin-traders-lock-20m-in-the-200k-call-option/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Will Appeal Do Kwon's Extradition to South Korea: Report

The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

https://www.coindesk.com/policy/2024/03/08/us-will-appeal-do-kwons-extradition-to-south-korea-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto for Advisors: Ethereum Staking

The Ethereum blockchain has nearly one million validators today. The combination of protocol rewards and priority transaction fees against a stable monetary supply backdrop results in a compelling [re...

https://www.coindesk.com/business/2024/03/08/crypto-for-advisors-ethereum-staking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CoinDesk Brings Consensus to Hong Kong

The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub.

https://www.coindesk.com/business/2024/03/07/coindesk-brings-consensus-to-hong-kong/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Ordinals Wallet Oyl Raises $3M With Arthur Hayes, BRC-20 Creator Domo Among Investors

Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company.

https://www.coindesk.com/business/2024/03/07/bitcoin-ordinals-wallet-oyls-raises-3m-with-arthur-hayes-brc-20-creator-domo-among-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CoinDesk Brings Consensus to Hong Kong

The announcement comes as Hong Kong works to brand itself as Asia's digital assets trading hub.

https://www.coindesk.com/consensus/2024/03/07/coindesk-brings-consensus-to-hong-kong/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Could Run to $10,000 or Higher This Year on Numerous Catalysts: Bitwise

Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.

https://www.coindesk.com/markets/2024/03/07/ether-could-run-to-10000-or-higher-this-year-on-numerous-catalysts-bitwise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it wou...

https://www.coindesk.com/policy/2024/03/07/us-fed-chair-powell-says-nowhere-near-pursuing-cbdc-wont-spy-on-americans/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April

Kamino is the latest Solana-based DeFi protocol to airdrop a token.

https://www.coindesk.com/business/2024/03/07/solana-defi-protocol-kamino-sets-kmno-token-airdrop-for-april/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Do Kwon Can Be Extradited to South Korea, Montenegrin Court Rules: Reports

Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

https://www.coindesk.com/policy/2024/03/07/do-kwon-can-be-extradited-to-south-korea-montenegrin-court-rules-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Fireblocks Prepares for Bull Market by Adding New Executive After New CFO Hire

Chief marketing officer Michal Ferguson joins from cybersecurity platform Snyk, following the appointment of new CFO Michael Levine, and chief customer officer Madan Gadde.

https://www.coindesk.com/business/2024/03/07/fireblocks-prepares-for-bull-market-by-adding-new-executive-after-new-cfo-hire/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption

Adoption of the central bank digital currency pales in comparison to the use of cash in the country.

https://www.coindesk.com/policy/2024/03/07/nigerias-central-bank-enlists-gluwa-nigeria-to-boost-enaira-systems-adoption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: AI Tokens Reclaim the Spotlight

The latest price moves in bitcoin (BTC) and crypto markets in context for March 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/03/07/first-mover-americas-ai-tokens-reclaim-the-spotlight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto AI Tokens in Focus as DOGE, SHIB Rally Starts to Ease

Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin’s 0.3% increase.

https://www.coindesk.com/markets/2024/03/07/crypto-ai-tokens-in-focus-as-doge-shib-rally-starts-to-ease/?utm_medium=referral&utm_source=rss&utm_campaign=headlines