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Seeking to capture some of the growing stablecoin market, Ripple is launching a competitor to Tether and Circle’s stablecoins.

The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.

Crypto’s high yield structured product sector is getting a bit more mature.

The SEC is a regulatory agency in the U.S. tasked with protecting investors, maintaining fair and efficient markets and facilitating capital formation. 

The defendants are said to have committed hundreds of acts of wire fraud, “causing harm to Google and at least approximately 100,000 Google users.”

The latest price moves in bitcoin (BTC) and crypto markets in context for April 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

However, given the “cutthroat competition,” VanEck remains “generally bearish” on the long-term value prospects for most Layer 2 tokens.

The bitcoin halving may already be priced into the market, say Coinbase analysts, as they weigh in on a long-running debate.

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.

The local tax watchdog last month filed charges in an Abuja court against Binance and the two executives who were detained in the country.