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Latest headlines from Coindesk.

U.S. SEC Calls for Comments on Spot ETH ETFs

The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals.

https://www.coindesk.com/policy/2024/04/03/us-sec-calls-for-comments-on-spot-eth-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Exchange Bitget Joins Meme Coin Hype, Issues Token That Rises 14,000%

The token's rise comes alongside a wave of trading volume.

https://www.coindesk.com/business/2024/04/03/crypto-exchange-bitget-joins-meme-coin-hype-issues-token-that-rises-14000/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT

The DSS will last five years and could lead to a new regulatory regime for securities settlement.

https://www.coindesk.com/policy/2024/04/03/uk-regulators-publish-draft-guidance-on-digital-securities-sandbox-open-to-dlt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Texas Takedown: Nic Carter and David Hoffman Square Off for Karate Combat at Consensus

The influencers, representing Bitcoin and Ethereum, will enter the pit at the Consensus festival May 30, 2024. Fyre Festival’s Billy McFarland is also on the fight card.

https://www.coindesk.com/consensus-magazine/2024/04/03/texas-takedown-nic-carter-and-david-hoffman-square-off-for-karate-combat-at-consensus/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Central Bank Group Starts Tokenization Project to Enhance Monetary System

The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.

https://www.coindesk.com/policy/2024/04/03/central-bank-group-starts-tokenization-project-to-enhance-monetary-system/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bermuda-Licensed Relm Insurance Unveils Suite of Crypto Risk Products

As well as cyber and crime markets, Relm is offering reimbursement for losses associated with staking on the Ethereum network.

https://www.coindesk.com/business/2024/04/03/bermuda-licensed-relm-insurance-unveils-suite-of-crypto-risk-products/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm

Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.

https://www.coindesk.com/policy/2024/04/03/binance-says-compliance-chief-detained-in-nigeria-has-no-decision-making-power-at-firm/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Wormhole Debuts at $3B Valuation in 617M Token Airdrop

Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W

https://www.coindesk.com/business/2024/04/03/wormhole-debuts-at-3b-valuation-in-617m-token-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Ethena Labs’ New Token Rallies Overnight

The latest price moves in bitcoin (BTC) and crypto markets in context for April 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/04/03/first-mover-americas-ethena-labs-new-token-rallies-overnight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard

The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.

https://www.coindesk.com/business/2024/04/03/galaxy-digital-owned-crypto-custody-specialist-gk8-unveils-tokenization-wizard/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions

Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate.

https://www.coindesk.com/markets/2024/04/03/ai-crypto-tokens-love-openais-sora-narrative-but-the-compute-power-to-scale-it-is-enormous/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns

Retail engagement materially accelerated in the first quarter, the report said.

https://www.coindesk.com/markets/2024/04/03/robinhood-initiated-as-market-perform-at-kbw-as-retail-trading-returns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility

Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex's proprietary bitcoin and ether implied volatility indices.

https://www.coindesk.com/markets/2024/04/03/bitfinex-derivatives-users-can-now-place-bets-on-bitcoin-and-ether-implied-volatility/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall

The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.

https://www.coindesk.com/markets/2024/04/03/stablecoin-expansion-continues-as-bitcoin-rally-appears-to-stall/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs

Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock's IBIT.

https://www.coindesk.com/markets/2024/04/03/bitcoin-etf-trading-volumes-tripled-in-march-as-the-largest-cryptocurrency-hit-record-highs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Offers Unique Exposure to the Long-Term Growth of Crypto: KBW

The broker raised its price target to $230 from $160 and maintained its market perform rating.

https://www.coindesk.com/markets/2024/04/03/coinbase-offers-unique-exposure-to-the-long-term-growth-of-crypto-kbw/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ARK 21Shares Bitcoin ETF Logs $88M of Outflows, Overtaking Grayscale for First Time

For the first time, outflows from Ark 21 Shares overtook Grayscale’s.

https://www.coindesk.com/business/2024/04/03/ark-21shares-bitcoin-etf-logs-88m-of-outflows-overtaking-grayscale-for-first-time/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BTC Back Down to $66K as Rising Treasury Yields Catch Investor Interest

Prediction markets and CME's Fed Watch Tool have virtually ruled out a rate cut until later this year

https://www.coindesk.com/markets/2024/04/03/btc-back-down-to-66k-as-rising-treasury-yields-catch-investor-interest/?utm_medium=referral&utm_source=rss&utm_campaign=headlines