CoinDesk

Changpeng 'CZ' Zhao, the founder and former CEO of the cryptocurrency exchange Binance, will be sentenced on Tuesday. The sentencing comes after Zhao's legal battles, and the outcome will determine if he will face imprisonment or not.

Backed, a company specializing in tokenization and blockchain integration for asset managers, has announced a successful fundraising round. The proceeds from this round will be utilized to expedite the development of Backed's private tokenization offering and facilitate the onboarding of asset managers onto blockchain platforms, as stated by the company.

According to reports, a token experienced a substantial surge in trading volume, reaching $75 million within the first hour after claims related to it went live on April 30, 2024. The sudden increase in trading activity suggests a heightened interest from investors and traders following the release of these claims.

This is a daily newsletter from CoinDesk that provides analysis and context on the latest price movements and developments in the cryptocurrency markets, particularly focusing on Bitcoin (BTC) and other major digital assets.

Indonesia's presidential election in February initially ended in controversy when the winning duo claimed victory before the official results were released by the electoral commission. This premature declaration raised concerns about potential attempts to influence the outcome or undermine the integrity of the electoral process. The situation highlights the importance of adhering to established procedures and respecting the authority of electoral bodies in democratic processes.

According to recent data, the trading volume of ether exchange-traded funds (ETFs) surpassed that of bitcoin ETFs. Ether ETFs recorded a trading volume of over $13 million, while bitcoin ETFs saw a volume of $7.5 million.

On April 25th, 2024, concerns about persistent inflation weighed heavily on risk assets across various markets, including cryptocurrencies. Investors grew apprehensive about the potential for inflation to remain elevated, leading to a sell-off in riskier investments.

First Mover, CoinDesk's daily newsletter, provided context on the latest price moves in bitcoin and crypto markets on March 20, 2024.

In the past hour, WIF pieces have surged as users discovered that the trader user now possesses the original image.

Stay updated on the latest blockchain technology upgrades, funding announcements, and deals from March 14 to March 20.