Author: Coindesk

“Many of these interested firms – whether we’re talking about pensions, endowments, sovereign wealth funds, insurers, other asset managers, family offices – are having ongoing diligence and research conversations, and we’re playing a role from an education perspective,” Mitchnick said. And the interest is not new: BlackRock has been talking about bitcoin to these sorts of institutions for several years, he said. Read the full article here

“One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set for the end of May. These strikes are beyond the current high range and are less likely to be exercised, allowing traders to collect premiums while reducing their risk exposure,” Wintermute said in a note shared with CoinDesk. Read the full article here

When the Titanic hit an iceberg in 1912, an officer told Astor he couldn’t join his wife on a lifeboat until all women and children were safe. A week later, Astor’s body was found in the water, along with his possessions – a 14-karat “Gold watch, cuff links gold and diamond, diamond ring,” and a “gold pencil,” the report said. Read the full article here

On Wednesday, GBTC witnessed the second-largest outflow of $167.4 million, followed by ARKB’s $98.1 million and IBIT’s $36.9 million. Other funds also bled money even though Powell’s net-dovish approach put a floor under risk assets, including bitcoin. A dovish stance is one where the central bank prefers employment and economic overgrowth over excessive liquidity tightening. Read the full article here

Ukrainian national, Yaroslav Vasinskyi, also known as Rabotnik, has been sentenced 13 years and seven months in prison for his role in conducting over 2,500 ransomware attacks and demanding over $700 million in ransom payments, the Department of Justice announced Wednesday. Read the full article here

Sergio Demian Lerner, a Buenos Aires-based programmer known for his early research on Bitcoin founder Satoshi Nakamoto’s mining activities and later for contributing to the Ethereum blockchain’s development, discussed the project onstage Wednesday at the Bitcoin++ conference in Austin, Texas. Read the full article here

INTERSUBJECTIFYING THE FORKIFICATION: The Ethereum restaking project EigenLayer, whose plan to repurpose the Ethereum blockchain’s security to hordes of additional protocols has prompted systemic risk warnings from Vitalik Buterin himself, released a 43-page whitepaper on its forthcoming EIGEN token – more than twice as long as the original 19-page whitepaper on EigenLayer. To address the concerns, the project, led by the sesquipedalian computer engineer Sreeram Kannan, came up with a new plan for something called “intersubjective forking.” The purpose of this mechanism would be to take care of “instances of misbehavior that cannot be objectively identified on-chain, yet any two…

An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether, investors should learn about total return ETH investment products. That way, they can gain from staking rewards as well as the underlying asset, says Jason Hall, the CEO of Methodic Capital Management. Read the full article here

When movie rights for the book were shopped around Hollywood, the pitch letter said, as reported in 2022, that Lewis “likens [SBF and Binance’s Changpeng “CZ” Zhao] to the Luke Skywalker and Darth Vader of crypto” – and it wasn’t hard to deduce that SBF was, in the “Big Short” author’s view, the good guy and CZ the bad guy. Read the full article here

The bank notes that headlines around the Hong Kong spot ETF launch were also poor, as attention was focussed on the turnover volume of $11 million “rather than the net asset position of the new ETFs which was pretty good.”Risk assets such as cryptocurrencies, which thrive on liquidity, are also facing increasing macro headwinds, the bank said. It noted that broader liquidity measures in the U.S have deteriorated sharply since mid-April.The bank advises buying bitcoin if it reaches the $50K-$52K range or if U.S. CPI on the 15th, a measure of inflation, is “friendly.”Read more: Bitcoin ETF Slowdown Is a…