Coindesk

Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices.Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the "Bond King" for his expertise in fixed-income markets, believes the rally is far from over and could see the precious metal top $4,000.Speaking during a macroeconomic outlook presentation titled “Not in My Neighborhood,” Gundlach highlighted gold’s sustained price momentum alongside other commodities. Cryptocurrencies backed by the precious metal, including PAXG and XAUT, have been benefiting from its historic price rise.“I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured...

Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.The proposal also lists cardano's ADA, solana's SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.An alternative version of the fund traded on the Bermuda Stock Exchange, the Hashdex Nasdaq Crypto Index ETF, already offers exposure to the broader basket of cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF is designed to track a diversified set of digital assets, offering investors regulated exposure to the crypto market.Source link

Ethereum developers launched a new test network, Hoodi, on Monday that will be used to carry out the blockchain's upcoming 'Pectra' upgrade.Pectra will go live on Hoodi on March 26, and if all goes well, the long-awaited upgrade will proceed to Etheruem's mainnet roughly 30 days later, according to the network's core developers.Hoodi was created following faulty Pectra tests on Ethereum’s other testnets, Holesky and Sepolia, which failed to finalize properly due to problems with how they were configured.Test networks like Holesky, Sepolia, and Hoodi aim to mimic the main Ethereum network — allowing developers the opportunity to test out code changes or major upgrades like Pectra in a low-stakes environment before deploying them to the mainnet.Originally, the Pectra upgrade...

Grassroots support for two bitcoin improvement proposals (BIP) appears to be emerging for Bitcoin’s next soft fork, centered around two candidates: BIPs 119 and 348.BIPs are the formal method for discussion of proposed changes to Bitcoin. Theoretically, if a BIP gains sufficient widespread support, it will be added to Bitcoin, by way of a soft fork or a routine update to Bitcoin Core. Often, these BIPs are referred to by nicknames and multiple proposals may be included in a soft fork. BIP 119 refers to OP_CHECKTEMPLATEVERIFY (CTV) while BIP 348 refers to OP_CHECKSIGFROMSTACK (CSFS).This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your...

After the success of crypto-based platform Polymarket trading venue Robinhood (HOOD) is now opening a prediction market on its platform, available through CFTC-regulated exchange Kalshi, the company said, with contracts rolling out today.The company's prediction markets hub will allow customers to bet on event outcomes, the HOOD announced in a press release.It's another competitor to Polymarket, the world’s largest predictions market, which exploded in popularity last year amid the U.S. presidential election and any number of other high- and lower-profile news events. The rise in popularity triggered intense scrutiny over the platform, which according to an analysis by NBC News, attracted over $3.6 billion in bets just for the presidential election.Some questioned the identities behind the bets and whether results...