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Crypto exchange monthly spot volume doubled in March, reaching nearly $2.5 trillion for first time since 2021

Bitcoin futures trading volume also jumped 86% in March compared to February, again reaching nearly $2.5 trillion.

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Author: James Hunt

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.

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Author: Lyllah Ledesma, Omkar Godbole

Wormhole Debuts at $3B Valuation in 617M Token Airdrop

Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W

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Author: Oliver Knight

Frax tokens to be natively issued on Noble, expanding into Cosmos ecosystem

Frax Finance is collaborating with Noble to bring Frax tokens from Ethereum to the Cosmos ecosystem, where they will compete with USDC.

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Author: Vishal Chawla

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.

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Author: Ian Allison

EigenLayer AVS Gasp raises funds at $80 million token valuation

Mangata Finance has rebranded to Gasp and raised $5 million ahead of its testnet launch as an EigenLayer Actively Validated Service.

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Author: Yogita Khatri

KuCoin market share halves alongside $1.2 billion in outflows after DOJ indictment and CFTC charges

KuCoin has also seen more than $1.2 billion in outflows from the crypto exchange since the charges were made on March 26.

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Author: James Hunt

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns

Retail engagement materially accelerated in the first quarter, the report said.

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Author: Will Canny

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.

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Author: Sam Reynolds

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.

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Author: Omkar Godbole


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