Author: American Coins & Gold

MicroStrategy’s Implied Premium to Bitcoin Settling Into New Norm, BTIG Says

Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.

Shinobi: How Covenants Help Scale Bitcoin
Bitcoin Magazine’s technical editor says it’s necessary to implement covenants – which allow joint ownership of UTXOs – if Bitcoin is to fulfill its promise of bringing financial self-sovereignty to people globally.

U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.

Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross
A death cross occurs when a short-term moving average drops below a long-term moving average, signaling a potential long-term bearish shift in momentum.

Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.

Australian Asset Manager Monochrome Applies With Cboe Australia for a Spot Bitcoin ETF, Eyes Decision By Mid-Year
Australian firm, Monochrome Asset Management, has applied for a spot bitcoin exchange traded fund (ETF) with the global listing exchange, Cboe Australia, it announced on Friday.

Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of .18T
The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not
Maximum Extractable Value (MEV), in which crypto miners reorder transactions they validate for profit, is not inherently bad, some policy experts point out.