The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD. Source: https://www.coindesk.com/policy/2024/04/05/new-york-jury-finds-do-kwon-terraform-labs-liable-for-fraud-in-sec-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale’s Bitcoin Trust. Source: https://www.coindesk.com/business/2024/04/05/genesis-completes-redemption-of-gbtc-shares-buys-32k-bitcoins-with-proceeds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The proposal, initially introduced in February, could harden Ethereum’s native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members …

Source: https://www.coindesk.com/markets/2024/04/05/bitcoin-cash-rally-led-coindesk-20-gainers-last-week-coindesk-indices-market-update/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The products, which track the performance of the two largest cryptocurrencies by market value, carry a fee of 0.35% and were listed on the Deutsche Boerse on Thursday. Source: …

Source: https://www.coindesk.com/business/2024/04/05/microstrategys-implied-premium-to-bitcoin-settling-into-new-norm-btig-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Magazine’s technical editor says it’s necessary to implement covenants – which allow joint ownership of UTXOs – if Bitcoin is to fulfill its promise of bringing financial self-sovereignty …

The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates. Source: https://www.coindesk.com/business/2024/04/05/us-added-303k-jobs-in-march-outpacing-expectations-for-200k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A death cross occurs when a short-term moving average drops below a long-term moving average, signaling a potential long-term bearish shift in momentum. Source: https://www.coindesk.com/markets/2024/04/05/warning-for-altcoin-bulls-the-ether-bitcoin-ratio-is-about-to-flash-death-cross/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The broker cut its price target to $14 from $17.50 while maintaining its buy rating. Source: https://www.coindesk.com/markets/2024/04/05/bitcoin-miner-hut-8-has-larger-more-diversified-business-model-following-usbtc-merger-canaccord/?utm_medium=referral&utm_source=rss&utm_campaign=headlines