The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens. Source: https://www.coindesk.com/markets/2024/04/05/ethena-onboards-bitcoin-as-backing-asset-to-make-usde-safer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out. Source: https://www.coindesk.com/policy/2024/04/05/eu-watchdog-says-reordering-blockchain-transactions-might-be-market-abuse-industry-says-its-not/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TK Source: https://www.coindesk.com/business/2024/04/04/crypto-has-too-many-tokens-and-mergers-are-coming/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The world’s largest crypto regained the $69,000 level at one point in the session before slipping a bit. Source: https://www.coindesk.com/markets/2024/04/04/bitcoin-adds-45-as-stocks-reverse-lower-on-hawkish-fed-commentary/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token? Source: https://www.coindesk.com/consensus-magazine/2024/04/04/what-does-ripples-stablecoin-mean-for-xrp/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase’s expansion into Canada has cleared the hurdle of a “restricted dealer” registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction. Source: …

Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said. Source: https://www.coindesk.com/business/2024/04/04/ether-could-avoid-designation-as-a-security-with-centralization-risk-easing-jpmorgan-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago. Source: https://www.coindesk.com/markets/2024/04/04/near-record-high-funding-rate-suggests-bitcoin-pullback-not-over/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/business/2024/04/04/activity-is-beginning-to-accelerate-in-the-bitcoin-nft-space-franklin-templeton/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to “streamline” its product offerings. Source: https://www.coindesk.com/business/2024/04/04/binance-stops-support-for-bitcoin-nfts-citing-streamlining-of-offered-products/?utm_medium=referral&utm_source=rss&utm_campaign=headlines