Author: Coindesk

The three-month ETH call-put skew flipped negative early today for the first time since January, indicating a bias for put options expiring in 90 days, according to data source Amberdata and crypto exchange Deribit. Puts offer protection to the buyer against price slides, while calls do the opposite. Read the full article here

“Although the U.K. is well placed to harness the opportunities presented by the growth of the digital economy, considerable preparation and investment in education, training and skills will be needed to make the most of these opportunities and to ensure that the U.K. has the necessary talent pipeline to help it realize its goal of becoming a tech superpower,” Cameron said in a press statement shared with CoinDesk. Read the full article here

The bill created a $10 billion limit for non-depository trust institutions to be able to issue payment stablecoins. Once the issuer exceeds that amount, it must be “a depository institution that has been authorized as a national payment stablecoin issuer,” the bill’s text said. At present, the largest U.S.-based stablecoin issuer, Circle (with $33 billion in outstanding (USDC)), is not a depository trust institution. The next largest, Paxos, does have a limited purpose trust charter through the New York Department of Financial Services, though its market cap falls well below that $10 billion cutoff. A Senate staffer described the $10…

“It is unlikely that oral argument will be heard less than nine months from now, since the Court of Appeals will want to fully review the briefs and the record before the hearing,” he said. “Once oral argument has been held, the Court can and will take as much time as it needs to reach a thorough and carefully reasoned decision.” Read the full article here

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering. Read the full article here

“It’s, of course, true that our our trading volumes took a significant hit following the SEC’s case and in our transition to a crypto only exchange,” Binance.US COO Chris Blodgett said, adding that, “the last two quarters have seen very strong rebounds in volume, revenue and user engagement across the platform, due in part to the “broader market recovery.” Read the full article here

The Homium loans are currently live in Colorado, with plans to expand to other states. As part of securing the loan, homeowners commit a portion of their home’s price appreciation. For investors, i.e., those funding the loan, they receive a tokenized asset tracking the price appreciation of a pool of shared appreciation home loans issued on Homium. Read the full article here

Mostly thanks to boosted demand from the spot ETFs, bitcoin by mid-March had risen nearly 70% for 2024 to a new record above $73,000. The rally has stalled since, with the price now more than 15% below that all-time high. The reasons for the pullback are up for debate, but for the last month, sellers have overwhelmed a modestly slowed but still quick pace of buying by the ETFs. Read the full article here

We may not need to reuse OpenStack directly, but we need to build something similarly usable (and similarly reliable, which is the difficult part). We will have to blend our home-grown incentive structures with Web2 and cloud hyperscaler monitoring, compliance and security technologies in order to succeed. We need to design hybrid centralized/decentralized SLAs (service level agreements — the contracts between you and a cloud storage provider). We need to secure it with a buffet of reliability incentives, security attestations, zero-knowledge proofs, fully homomorphic encryption, computation fraud proofs, governance protocols and more. Read the full article here

Long-term senior OKX executives Tim Byun, who was in charge of global government relations at the world’s second-largest cryptocurrency exchange, and Head of Product Wei Lan have both recently left the company, according to people familiar with he matter. Read the full article here