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
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.Source
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 from advisory and restructuring company McGrathNicol.Source