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Bitcoin Held Its Ground Over the Weekend as Arbitrum Drops

Bitcoin is trading above the key $28,000 level, holding its ground over the weekend despite the drop in Arbitrum. The most recent market update and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Polygon ZkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction

Ethereum scaling platform Polygon released its zero-knowledge Ethereum Virtual Machine (zkEVM) beta to the public, and Ethereum blockchain's co-founder Vitalik Buterin was granted the privilege of initiating the first transaction. Polygon co-founder Sandeep Nailwal discusses the zkEVM technology and how the company is pushing for mainstream adoption of Web3 with recent partnerships.

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U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says

A New York judge said the U.S. government has a “substantial case on the merits” in its bid to quash a $1 billion deal by Binance.US to buy the assets of bankrupt crypto lender Voyager. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what the delay means to the bankruptcy case.

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Bittrex to End U.S. Operations Amid Regulatory Uncertainty

Cryptocurrency exchange Bittrex announced that the company would shut down its U.S. platform on April 30 after nine years of operation. Policy 4.0 CEO and founder Tanvi Ratna breaks down her report on the state of crypto regulation.

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Bitcoin Above $28K Amid Surprise Cut from OPEC+ Producers

Bitcoin (BTC) is bouncing above $28,000 following macroeconomic news that OPEC+ producers are unexpectedly cutting oil output. This comes as the world's largest cryptocurrency by market capitalization has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. " The Crypto Trader Author Glen Goodman joins "First Mover" to discuss his crypto markets outlook.

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U.S. Banking Turmoil Has Spurred Bitcoin Outperformance: Coinbase

Coinbase (COIN) said in a research report that the crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin (BTC) in particular outperforming. Coinbase Institutional Head of Research David Duong breaks down cryptocurrency's relative outperformance amid regulatory uncertainty and jitters surrounding the banking sector.

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Bitcoin's Q1 Performance; U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month

Bitcoin (BTC) is on track to end the first quarter with its best performance since the first quarter of 2021. So far, the largest cryptocurrency by market capitalization has rallied roughly 70% in 2023. Separately, the U.S. government sold 9,861.17 bitcoin (BTC) for almost $216 million on March 14, a court filing shows. CoinDesk's Bitcoin Protocol Reporter Frederick Munawa and Crypto Markets Analyst Glenn Williams Jr. discuss.

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Chart Reveals Bitcoin's Two Directions

According to data from Santiment, the price of bitcoin has been on the rise in the last two weeks, while trading volume has been going down. That’s a sign the price rally won’t continue unabated, according to the blockchain analytics firm. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

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How U.S. Lawmakers View the Future of Crypto

Recently, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC. The effort by the Texas senator adds to a similar state-level measure proposed earlier this month by Florida Gov. Ron DeSantis. CoinDesk Senior Research Analyst George Kaloudis breaks down how U.S. political parties might align on crypto.

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Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin

A Swiss nonprofit called the ZeroSync Association aims to help scale Bitcoin by using zero-knowledge proofs (zk-proofs), a cryptographic technique that has exploded in popularity on rival chain Ethereum. ZeroSync co-founder Robin Linus discusses the launch and its significance to the Bitcoin community.

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