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Latest headlines from Coindesk.

U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February

Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.

https://www.coindesk.com/business/2024/03/12/us-cpi-unexpectedly-rises-to-32-in-february-core-rate-rises-to-38/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Ether Options Traders Prepare for Downside

The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/03/12/first-mover-americas-ether-options-traders-prepare-for-downside/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong's Central Bank Starts Regulatory Sandbox for Stablecoin Issuers

The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

https://www.coindesk.com/policy/2024/03/12/hong-kongs-central-bank-starts-regulatory-sandbox-for-stablecoin-issuers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Put Demand Signals Weakness After $4K Price Breakout

By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.

https://www.coindesk.com/markets/2024/03/12/ether-put-demand-signals-weakness-after-4k-price-breakout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains 'Elevated'

Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.

https://www.coindesk.com/markets/2024/03/12/doge-shib-rally-eases-as-bitcoin-bullishness-remains-elevated/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings

President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues.

https://www.coindesk.com/business/2024/03/12/el-salvador-is-sitting-on-84m-profit-from-its-bitcoin-holdings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nigeria Invited, Then Detained Binance’s Compliance Head and Africa Manager for Two Weeks: Reports

Two senior executives of Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been held against their will for the past two weeks by Nigerian authorities.

https://www.coindesk.com/policy/2024/03/12/nigeria-invited-then-detained-binances-compliance-head-and-africa-manager-for-two-weeks-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Thailand’s SEC Greenlights Investment From Institutional and Wealthy Individuals in Crypto ETFs

Earlier this year, the regulator had denied permission to trade bitcoin ETFs.

https://www.coindesk.com/policy/2024/03/12/thailands-sec-greenlights-investment-from-institutional-and-wealthy-individuals-in-crypto-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show

Currently, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. That's significantly lower than the 2020-21 bull run.

https://www.coindesk.com/markets/2024/03/12/this-bitcoin-bull-run-is-breeding-millionaire-whales-at-slower-pace-data-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

COPA vs Wright: What's at Stake as the Trial to Determine Satoshi's Identity Wraps Up

The Crypto Open Patent Alliance and Craig Wright will present their closing arguments this week in a case debating whether Wright is indeed Satoshi Nakamoto..

https://www.coindesk.com/policy/2024/03/12/copa-v-wright-whats-at-stake-as-the-trial-to-determine-satoshis-identity-wraps-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U....

https://www.coindesk.com/policy/2024/03/11/coinbase-accuses-us-sec-of-breaking-the-law-in-rejecting-crypto-rulemaking/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

XRP Jumps 20% After Mysterious Binance Transfers as Crypto Rally Expands to Laggards

The rally could be a sign of traders rotating some of their capital to tokens that haven't moved yet.

https://www.coindesk.com/markets/2024/03/11/xrp-jumps-20-after-mysterious-binance-transfers-as-crypto-rally-expands-to-laggards/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana DeFi's KMNO Airdrop Sparked Outrage. Kamino Responded With Changes

Kamino is trying to quell days of angst after it revealed key details for April's KMNO airdrop.

https://www.coindesk.com/business/2024/03/11/solana-defis-kmno-airdrop-sparked-outrage-kamino-responded-with-changes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets

HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.

https://www.coindesk.com/business/2024/03/11/vaneck-temporarily-cuts-bitcoin-etf-fee-to-zero-after-lagging-in-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

'Bitcoin Is Going to Eat Gold': MicroStrategy’s Michael Saylor

Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much m...

https://www.coindesk.com/business/2024/03/11/bitcoin-is-going-to-eat-gold-microstrategys-michael-saylor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

With Mastercard, MetaMask Tests First Blockchain-Powered Payment Card

It would be "the first ever truly decentralized web3 payment solution," allowing users to spend their crypto "on everyday purchases, everywhere cards are accepted," according to marketing materials Co...

https://www.coindesk.com/business/2024/03/11/with-mastercard-metamask-tests-first-blockchain-powered-payment-card/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bernstein Is 'Now More Convinced' That Bitcoin Will Hit $150K After Massive Rally

Spot bitcoin ETF inflows have surpassed expectations, the broker said in the report.

https://www.coindesk.com/business/2024/03/11/bernstein-is-now-more-convinced-that-bitcoin-will-hit-150k-after-massive-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines