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Latest headlines from Coindesk.

Bitcoin Falls 8%, Drops Below $62K Before Rebound

Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday.

https://www.coindesk.com/markets/2024/04/13/bitcoin-falls-8-drops-below-62k-before-rebound/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Seeks to Take Core Question in U.S. SEC Case to Higher Court

Coinbase is seeking to rip the bandage off of a legal impasse at the center of the crypto industry's fight with the U.S. Securities and Exchange Commission (SEC), filing an interim appeal on Friday th...

https://www.coindesk.com/policy/2024/04/13/coinbase-seeks-to-take-core-question-in-us-sec-case-to-higher-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets

Investors may expect market weakness due to the tax season, Ryze Labs said in a report.

https://www.coindesk.com/markets/2024/04/12/bitcoin-plunges-to-66k-altcoins-tumble-10-15-on-ugly-day-for-risk-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop

A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the to tweet ...

https://www.coindesk.com/tech/2024/04/12/avail-blockchain-data-availability-project-sketches-out-eligibility-for-token-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Why Bitcoin Halving Calculators Are Out of Sync

The famously pre-planned, programmatic event, currently predicted for April 19, is surprisingly hard to predict at minute scales.

https://www.coindesk.com/consensus-magazine/2024/04/12/why-bitcoin-halving-calculators-are-out-of-sync/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of super...

https://www.coindesk.com/policy/2024/04/12/hacker-sentenced-to-3-years-in-prison-for-stealing-over-12m-from-crypto-exchanges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Halving Highlights Why Bitcoin Needs to Upgrade

Higher fees from Ordinals and BRC-20 may be good for miners but they risk pushing activity to the fragmented world of L2s and harming adoption of Bitcoin around the world. Proposals for “OP_CAT” and C...

https://www.coindesk.com/consensus-magazine/2024/04/12/the-halving-highlights-why-bitcoin-needs-to-upgrade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Asset Tokenization Draws Focus From Global Securities Watchdogs

The International Organization of Securities Commissions wants to analyse whether or not further policy direction is needed for tokenization.

https://www.coindesk.com/policy/2024/04/12/asset-tokenization-draws-focus-from-global-securities-watchdogs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.

https://www.coindesk.com/policy/2024/04/12/hong-kong-could-approve-spot-bitcoin-ether-etfs-as-early-as-monday-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: BTC Holds Stable at $70K

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

https://www.coindesk.com/markets/2024/04/12/first-mover-americas-btc-holds-stable-at-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request

An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists f...

https://www.coindesk.com/policy/2024/04/12/australian-court-hands-over-41-million-of-crypto-held-by-blockchain-mining-group-at-regulators-request/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Cash Sends Bitcoin Traders Warning Sign About Halving

Bitcoin cash has been seen a proxy for the upcoming halving of rewards on the Bitcoin blockchain.

https://www.coindesk.com/markets/2024/04/12/bitcoin-cash-sends-bitcoin-traders-warning-sign-about-halving/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TON Foundation Teams Up With HashKey to Drive Crypto On-Ramping in Telegram

HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase.

https://www.coindesk.com/business/2024/04/12/ton-foundation-teams-up-with-hashkey-to-drive-crypto-on-ramping-in-telegram/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes Release

Ordinals and Runes are both projects by long-time Bitcoin developer Casey Rodarmor, which has created trust and lent an idea of authenticity among users.

https://www.coindesk.com/markets/2024/04/12/bitcoin-meme-coin-pups-fuelled-by-hype-ahead-of-runes-release/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether.Fi Inks $500M Restaking Deal With RedStone Oracles

Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's data oracles, which are used to pass information between blockchains and the outside world.

https://www.coindesk.com/tech/2024/04/12/etherfi-inks-500m-restaking-deal-with-redstone-oracles/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong-Listed Bitcoin ETFs Could Unlock Up to $25B in Demand, Crypto Firm Says

Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program.

https://www.coindesk.com/markets/2024/04/12/hong-kong-listed-bitcoin-etfs-could-unlock-upto-25b-in-demand-crypto-firm-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up

The Thursday total ETF flow was negative, with GBTC leading the pack

https://www.coindesk.com/markets/2024/04/12/bitcoin-stable-near-71k-as-gbtc-outflows-pick-back-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra

"A lot of things can go wrong," in Ethena's yield-generation strategy, said Folkvang CEO Mike van Rossum.

https://www.coindesk.com/business/2024/04/11/ethena-labs-divides-opinion-as-high-yield-stirs-memories-of-terra/?utm_medium=referral&utm_source=rss&utm_campaign=headlines