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Latest headlines from Coindesk.

U.S. President Again Proposes Crypto Mining Tax, 'Wash Sale Rule' for Digital Assets in New Budget

The U.S. president's budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by "modernizing rules" that include cryptocurrencies.

https://www.coindesk.com/policy/2024/03/11/us-president-again-proposes-crypto-mining-tax-wash-sale-rule-for-digital-assets-in-new-budget/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

We Have to Make It Easier For People to Own Crypto Directly (Not Just With ETFs)

The success of “digital gold” ETFs reminds us to continue improving accessibility and lower entry barriers to bitcoin and Web3, says Binance’s CTO Rohit Wad.

https://www.coindesk.com/consensus-magazine/2024/03/11/we-have-to-make-it-easier-for-people-to-own-crypto-directly-not-just-with-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BRC-20 Creator Domo Addresses Thorny Governance Issues With New 'Lead Maintainer' Appointments

Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict.

https://www.coindesk.com/tech/2024/03/11/brc-20-creator-domo-addresses-thorny-governance-issues-with-new-lead-maintainer-appointments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Near Protocol's Token Almost Doubles in a Week, Ahead of Nvidia's AI Conference

Layer-1 blockchain NEAR's native token {{NEAR}} has experience doubled since March 5, with hype surrounding Nvidia's upcoming annual conference driving AI-related tokens to the upside.

https://www.coindesk.com/business/2024/03/11/near-protocols-token-almost-doubles-in-a-week-ahead-of-nvidias-ai-conference/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Funds Weekly Inflows Surge to Record of $2.7B

Bitcoin remained the focus of investors seeing $2.8 billion worth of inflows.

https://www.coindesk.com/markets/2024/03/11/crypto-funds-weekly-inflows-surge-to-record-of-27b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Blockchain Builder Eclipse Labs Raises $50M Ahead of Layer-2’s Mainnet Debut

Eclipse mixes tech from Ethereum, Solana and other blockchains.

https://www.coindesk.com/business/2024/03/11/blockchain-builder-eclipse-labs-raises-50m-ahead-of-layer-2s-mainnet-debut/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin’s Market Cap Jumps to $1.4T, Surpassing Silver

Bitcoin rose to a record high on Monday, fuelled by continued positive momentum of spot bitcoin ETFs.

https://www.coindesk.com/markets/2024/03/11/bitcoins-market-cap-jumps-to-14t-surpassing-silver/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether's USDT Now Available on Celo

The USDT integration aims to boost cross-border payments and peer-to-peer transactions in developing regions.

https://www.coindesk.com/business/2024/03/11/tethers-usdt-now-available-on-celo/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Surpasses $71K, Reaches All-Time High

The latest price moves in bitcoin (BTC) and crypto markets in context for March 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/03/11/first-mover-americas-bitcoin-surpasses-71k-reaches-all-time-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

MicroStrategy Acquires 12,000 More BTC With Convertible Senior Notes Proceeds

The software firm, founded by staunch bitcoin advocate Michael Saylor, now holds 205,000 BTC worth around $14.7 billion.

https://www.coindesk.com/markets/2024/03/11/microstrategy-acquires-12000-btc-with-convertible-senior-notes-proceeds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BlockFi’s Zac Prince Leaves Crypto, Joins Real Estate Tech Startup Re Cost Seg

Prince says he considered starting a new company in the crypto space, but wants something with a regular work week and lacks the octane and volatility of the industry.

https://www.coindesk.com/business/2024/03/11/blockfis-zac-prince-leaves-crypto-joins-real-estate-tech-startup-re-cost-seg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Donald Trump Sounds More Constructive on Bitcoin

Former United States president Donald Trump commented on bitcoin {{BTC}} during an interview on CNBC, stating that he's not sure he'd want to take bitcoin away if he became president.

https://www.coindesk.com/business/2024/03/11/donald-trump-sounds-more-constructive-on-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin CME Futures' Open Interest Reaches Record High of $10B

Notional open interest refers to the dollar value of the active or open futures contracts at a given time.

https://www.coindesk.com/markets/2024/03/11/bitcoin-cme-futures-open-interest-reaches-record-high-of-10b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Unibot Tanks 33% After Ending Collaboration With Solana Group

From trading at a high of $77 at the start of the European morning on Monday, UNIBOT sank 40% to around $45.51 before rebounding slightly.

https://www.coindesk.com/markets/2024/03/11/unibot-tanks-33-after-ending-collaboration-with-solana-group/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Market Could Face Some Short-Term Headwinds, Coinbase Says

Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said.

https://www.coindesk.com/markets/2024/03/11/crypto-market-could-face-some-short-term-headwinds-coinbase-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

Indian cryptocurrency investment platform Mudrex will offer U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors, both institutions and retailers, CEO and co-founder Edul Patel said.

https://www.coindesk.com/business/2024/03/11/indian-crypto-investment-platform-mudrex-to-offer-us-bitcoin-etfs-to-indian-investors/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea

The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.

https://www.coindesk.com/markets/2024/03/11/bitcoin-surge-sees-crypto-trading-volumes-exceed-the-stock-market-in-south-korea/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cathie Wood's ARK Invest Sold Nearly $150M Coinbase Shares Last Week

ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF's value, making such large sell offs necessary when an asset surges in value.

https://www.coindesk.com/markets/2024/03/11/cathie-woods-ark-invest-sold-nearly-150m-coinbase-shares-last-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

UK’s FCA Opens the Door for Institutional Investors to Build Crypto-Backed ETN Market

Products would be available to professional investors while retail consumers remain banned, the regulator said.

https://www.coindesk.com/policy/2024/03/11/uks-fca-opens-the-door-for-institutional-investors-to-build-crypto-backed-etn-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines