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Latest headlines from Coindesk.

U.S. Added 303K Jobs in March, Outpacing Expectations for 200K

The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.

https://www.coindesk.com/business/2024/04/05/us-added-303k-jobs-in-march-outpacing-expectations-for-200k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross

A death cross occurs when a short-term moving average drops below a long-term moving average, signaling a potential long-term bearish shift in momentum.

https://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year

Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday.

https://www.coindesk.com/policy/2024/04/05/australian-asset-manager-monochrome-applies-with-cboe-australia-for-a-spot-bitcoin-etf-eyes-decision-by-mid-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord

The broker cut its price target to $14 from $17.50 while maintaining its buy rating.

https://www.coindesk.com/markets/2024/04/05/bitcoin-miner-hut-8-has-larger-more-diversified-business-model-following-usbtc-merger-canaccord/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

https://www.coindesk.com/markets/2024/04/05/ethena-onboards-bitcoin-as-backing-asset-to-make-usde-safer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T

The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.

https://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.

https://www.coindesk.com/policy/2024/04/05/eu-watchdog-says-reordering-blockchain-transactions-might-be-market-abuse-industry-says-its-not/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary

The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.

https://www.coindesk.com/markets/2024/04/04/bitcoin-adds-45-as-stocks-reverse-lower-on-hawkish-fed-commentary/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

What Does Ripple’s Stablecoin Mean for XRP?

XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?

https://www.coindesk.com/consensus-magazine/2024/04/04/what-does-ripples-stablecoin-mean-for-xrp/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Says Canadian License Makes It Country's Biggest Registered Crypto Exchange

Coinbase's expansion into Canada has cleared the hurdle of a "restricted dealer" registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction.

https://www.coindesk.com/policy/2024/04/04/coinbase-says-canadian-license-makes-it-countrys-biggest-registered-crypto-exchange/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says

Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.

https://www.coindesk.com/business/2024/04/04/ether-could-avoid-designation-as-a-security-with-centralization-risk-easing-jpmorgan-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Near Record High Funding Rate Suggests Bitcoin PullBack Not Over

Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.

https://www.coindesk.com/markets/2024/04/04/near-record-high-funding-rate-suggests-bitcoin-pullback-not-over/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto for Advisors: Governance in a Blockchain World

Scott Sunshine discusses how advisors can leverage blockchain-based governance to enhance trust, improve accountability, streamline operations and unlock new investment opportunities for their clients...

https://www.coindesk.com/business/2024/04/04/crypto-for-advisors-governance-in-a-blockchain-world/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products

Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to "streamline" its product offerings.

https://www.coindesk.com/business/2024/04/04/binance-stops-support-for-bitcoin-nfts-citing-streamlining-of-offered-products/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DAOs Beware: Neo-Imperialism Is on the Rise in Crypto-Land

Wyoming's new legal entities for decentralized unincorporated nonprofit associations sets up legal entities that cheapens the idea of creating protocols that work independent of nation states, Martin ...

https://www.coindesk.com/consensus-magazine/2024/04/04/daos-beware-neo-imperialism-is-on-the-rise-in-crypto-land/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Credbull's First Crypto Fund Chases High Fixed Yields

Crypto's high yield structured product sector is getting a bit more mature.

https://www.coindesk.com/business/2024/04/04/credbulls-first-crypto-fund-chases-high-fixed-yields/?utm_medium=referral&utm_source=rss&utm_campaign=headlines