Protocol Village: Mayan Finance, Cross-Chain Swap Auction Protocol on Solana, Raises $3M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 11-17.Source

Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions

Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.Source

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

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

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 that would ask a higher federal court to drill into the heart of the regulator’s stance on digital assets, even as the broader SEC case proceeds through the judicial system.Source

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.Source

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 to CoinDesk, describing it as a “leak.”Source

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 supervised release by a federal judge on Friday.Source

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.Source

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.Source