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DCG says the NYAG’s allegations are “a thin web of baseless innuendo, blatant mischaracterizations, and unsupported conclusory statements.”

IBIT’s total inflows surpassed the $9 billion mark on Tuesday and show no signs of easing nearly two months after going live.

The crypto firm’s boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors.

The latest price moves in bitcoin (BTC) and crypto markets in context for March 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

A new breed of meme coins have spawned on Solana this week with speculators hopping on a new wave of cartoonish coins focused around politicians and celebrities.

A number of prominent crypto angel investors backed Hedgehog in its $1.5 million pre-seed round.

Solana-based memecoin dogwifhat has gained over 50% since its listing on Binance yesterday to reach a new all-time high of around $2.16.

The gap between liquidity on the ask and bid sides of the order book within 2% of the market price has widened to nearly five times is usual value, according to data tracked by Kaiko.

The combined U.S. spot bitcoin ETFs also generated a new record daily trading volume of nearly $10 billion yesterday.

Some meme coins are surging in anticipation of more exchange listings in the coming months.