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Latest headlines from Coindesk.

VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs

Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.

https://www.coindesk.com/business/2024/04/09/vaneck-ceo-says-transaction-fee-is-bigger-story-than-bitcoin-or-ethereum-etfs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Why Christie's First Bitcoin Inscriptions Auction Matters

With the halving and new tech set to give Ordinals a further lift, Bitcoin-based inscriptions are demonstrating staying power and some advantages over NFTs. Christie’s is taking notice with a new init...

https://www.coindesk.com/consensus-magazine/2024/04/09/why-christies-first-bitcoin-inscriptions-auction-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

EigenLayer and EigenDA Launch on Ethereum Mainnet

The launch comes after $12 billion has already been deposited into the protocol.

https://www.coindesk.com/tech/2024/04/09/eigenlayer-and-eigenda-launch-on-ethereum-mainnet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Republican Sen. Tillis Calls for ‘Light’ Crypto Regulatory Framework Ahead of Presidential Election

Lawmakers on both sides of the aisle urged the need for new crypto laws on Tuesday, as Deputy Treasury Secretary Wally Adeyemo asked for “additional tools” to effectively crack down on illicit crypto ...

https://www.coindesk.com/policy/2024/04/09/republican-sen-tillis-calls-for-light-crypto-regulatory-framework-ahead-of-presidential-election/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DeFi Trader Eisenberg 'Wasn't Borrowing, He Was Stealing,' Prosecutor Says in Opening Argument

The defense countered that Eisenberg "risked 13 million of his own dollars" to net $110 million from Mango Markets.

https://www.coindesk.com/policy/2024/04/09/defi-trader-eisenberg-wasnt-borrowing-he-was-stealing-prosecutor-says-in-opening-argument/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown's

U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptoc...

https://www.coindesk.com/policy/2024/04/09/lummis-crypto-will-erupt-as-big-issue-in-senate-races-including-banking-chair-browns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.

https://www.coindesk.com/markets/2024/04/09/bitcoin-buckles-below-69k-as-crypto-bulls-endure-175m-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Venture Firm A16z Releases Jolt, a 'Zero-Knowledge Virtual Machine'

The release is the product of a16z's first foray into deep tech research.

https://www.coindesk.com/tech/2024/04/09/venture-firm-a16z-releases-jolt-a-zero-knowledge-virtual-machine/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Blockchain Developer Monad Labs Raises $225M Led by Paradigm

The company is looking to offer an Ethereum-compatible environment that's faster than the original.

https://www.coindesk.com/business/2024/04/09/blockchain-developer-monad-labs-raises-225m-led-by-paradigm/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana-Based Zeta Markets Debuts Governance Token Z

The launch of governance token is part of a broader strategy that involves plans to release Solana's first layer 2 scaling solution, Zeta Markets said in the press release.

https://www.coindesk.com/markets/2024/04/09/solana-based-zeta-markets-debuts-governance-token-z/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year

The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.

https://www.coindesk.com/policy/2024/04/09/key-congressman-mchenry-is-bullish-us-stablecoin-law-will-pass-this-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Pompliano, Ex-Journo Melinek Spin Up 'Token Relations' Startup for Blockchain Firms

The media startup will offer a "third bucket" of information to crypto startups' stakeholders.

https://www.coindesk.com/business/2024/04/09/pompliano-ex-journo-melinek-spin-up-token-relations-startup-for-blockchain-firms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: BTC Drops to $70K, TON Rallies

The latest price moves in bitcoin (BTC) and crypto markets in context for April 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/04/09/first-mover-americas-btc-drops-to-70k-ton-rallies/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins

Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.

https://www.coindesk.com/policy/2024/04/09/financial-stability-study-calls-for-consistent-regulatory-response-to-stablecoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein

Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.

https://www.coindesk.com/business/2024/04/09/stablecoins-are-seeing-adoption-as-a-cross-border-settlement-mechanism-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Fantom Cofounder Mulls Idea for 'Safer' Meme Coins

Fantom's Cronje is the latest in a line of blockchain teams that are open to directly engaging with memecoins.

https://www.coindesk.com/markets/2024/04/09/fantom-cofounder-mulls-idea-for-safer-meme-coins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto.com Obtains Full Dubai Operational License

Singapore-based crypto platform Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, CRO DAX Middle East FZE.

https://www.coindesk.com/policy/2024/04/09/cryptocom-obtains-full-dubai-operational-license/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

Mezo is a permissionless Bitcoin economic layer that uses a neutral smart contract infrastructure to offer a wide range of applications.

https://www.coindesk.com/business/2024/04/09/bitcoin-layer-2-mezo-emerges-from-stealth-with-21m-raise-led-by-pantera/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%

The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.

https://www.coindesk.com/markets/2024/04/09/bitcoin-supply-inactive-for-a-year-slides-to-18-month-low-of-658/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying

Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer.

https://www.coindesk.com/markets/2024/04/09/metaplanet-shares-soar-as-japanese-firm-mimics-microstrategy-on-bitcoin-buying/?utm_medium=referral&utm_source=rss&utm_campaign=headlines