MarginFi’s longtime leader, Edgar Pavlovsky, resigned Wednesday following an internal dispute at the protocol’s builder, mrgn. After his departure, the remaining team at MRGN group appeared to have addressed an issue with the protocol’s price data infrastructure that had caused issues for withdrawals for over a month. Source
The crypto exchange’s off-shore arm will open perpetuals market for the popular meme coin on April 18. Source
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While I can’t speak to what any regulator will approve, I think it’s important to look at other regions and how regulatory approvals of ETFs transpired. For example, the first spot bitcoin ETF was approved in Canada in early 2021. A few months later, ether ETFs gained approval and began trading. Now, there are over 11 ETFs, including a mixed cryptocurrency ETF and an ether-staking ETF. If the same pattern follows, an ether ETF approval can be near. Source
The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some of the ETF applications by May 23. The SEC approved spot bitcoin (BTC) ETFs in January, stirring speculation in some quarters that versions for ether, the token of the Ethereum blockchain, may follow suit. Source
Shiba Inu developers will propose and develop blockchain technology specific to media and entertainment, such as security and content distribution. CDSA is an international nonprofit organization that was founded in 1998 to provide best practices for the delivery and storage of entertainment, software and information technology. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
According to Framework Ventures, Most DePIN projects, including Helium, have historically taken a retail-focused approach to initial distribution of the network and hardware. Helium is arguably one of the largest and first DePIN projects, with a market capitalization of almost $1 billion. Source
While Dubai’s regulatory rules were broadly welcomed, some firms worried about the expense. Source
The construction project consists of 4,484 square meters across five levels with 80 rooms, including a swimming pool, restaurants and commercial spaces. Hilton Hotels has not endorsed any offering, is only a franchisor, and takes no responsibility, according to the press release. Source