First Mover Americas: Ethena Labs’ New Token Rallies Overnight The latest price moves in bitcoin (BTC) and crypto markets in context for April 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bermuda-Licensed Relm Insurance Unveils Suite of Crypto Risk Products As well as cyber and crime markets, Relm is offering reimbursement for losses associated with staking on the Ethereum network.

Binance Says Compliance Chief Detained in Nigeria Has No Decision-Making Power at Firm Tigran Gambaryan should not be held responsible in ongoing talks with Nigerian government officials, Binance said in a statement, as he and the exchange face tax evasion charges.

Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.

Bitfinex Derivatives Users Can Now Place Bets on Bitcoin and Ether Implied Volatility Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex’s proprietary bitcoin and ether implied volatility indices.

Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate.

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns Retail engagement materially accelerated in the first quarter, the report said.

Coinbase Offers Unique Exposure to the Long-Term Growth of Crypto: KBW The broker raised its price target to $230 from $160 and maintained its market perform rating.

ARK 21Shares Bitcoin ETF Logs $88M of Outflows, Overtaking Grayscale for First Time For the first time, outflows from Ark 21 Shares overtook Grayscale’s.

Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT.

Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.

Bitcoin Back Down to $66K as Rising Treasury Yields Catch Investor Interest Prediction markets and CME’s Fed Watch Tool have virtually ruled out a rate cut until later this year

What a Judge Said About the SEC’s Suit Against Coinbase Coinbase and Custodia both lost early and preliminary court fights. The Coinbase loss was more or less expected – companies rarely win much on a motion for judgment at such an early stage – but still pretty enlightening.

The SEC’s Shot Across the Bow on ‘AI Washing’

Memes to Millions: The Tax Implications of Sudden Crypto Wealth

Are Bitcoin Developers Losing Faith in Lightning? High-profile defections, and ongoing criticism from the community, paints a picture of a much-hyped scaling project running out of steam. But bitcoiners have always been critical of the leading scaling solution.

Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar.

Goldman Sachs Clients Not Interested in Crypto, Says Chief Investment Officer: WSJ Goldman Sachs, nowadays one of the few Wall Street banks to do so, isn’t backing away from its negative stance against crypto, as it doesn’t see the value of the asset itself.

Crypto Venture Capital Fundraising Jumped Over 50% in March Amid Rally Most capital went into infrastructure and decentralized finance (DeFi) projects, data by RootData shows.

Bitcoin Cash’s 29% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update