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	Good Thursday morning. Billy Bambrough here with what's driving the day in the world of bitcoin and crypto. 📧 Thank you for reading CryptoCodex! I’d love to hear your feedback, ideas and tips. Email me directly at billy@billybambrough.com.


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24-hour crypto market snapshot

Bitcoin (-0.5%)

$47,247

Ethereum (+1%)

$3,416

Solana (+13%)

$125.85

Avalanche (+8%)

$100.54

Follow the leader 👣


	Cryptocurrency prices are broadly climbing this morning despite bitcoin moving lower as investors fret over the U.S. Treasury yield curve inverting earlier this week, potentially signaling a coming recession. The bitcoin price is down slightly on this time yesterday while the rest of the crypto top ten is in the green. Ethereum is up by almost 1% while its biggest rivals are making outsized gains. BNB is up 2%, cardano 3%, avalanche 8% and polkadot 3%. Solana is leading the major market higher, surging 13%. Good to know: Crypto will become mainstream say most professional investors

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	Fabio Panetta, a member of the European Central Bank's executive board, alongside the bank's president Christine Lagarde. Getty Images


	So long, Anon: European Union lawmakers are today discussing controversial proposals that could see anonymous crypto transactions outlawed and cut unregulated exchanges out of the financial system. The proposals, part of the Markets in Crypto Assets (MiCA) regulations package, are expected to be passed. The MiCA framework, designed to simplify expansion for crypto businesses throughout the E.U.'s 27 member nations, is today being discussed by the E.U.'s Commission, Parliament and Council, Coindesk confirmed. Zoom out: Earlier this month, the E.U. Parliament's economic and monetary affairs committee passed the framework without a provision that could have effectively banned major cryptocurrencies that use bitcoin's proof-of-work (PoW) consensus mechanism due to their eye-watering energy demands. Intolerant: Policymakers should take a "less tolerant" approach to bitcoin and crypto, European Central Bank board member Fabio Panetta said yesterday, calling cryptocurrencies "pure gambling, wasting enormous amounts of energy," in comments reported by Coindesk. Panetta's remarks came in response to a question from another E.U. lawmaker who said that Russia was accepting bitcoin "as a tool to circumvent sanctions." Meanwhile... E.U. banks could face stricter limits on their crypto holdings to prevent the red-hot crypto market crashing the financial system, the bloc's European Systemic Risk Board (ESRB) warned this morning. "The entry of new institutions and the use of new financial products, some of which have quickly gained popularity (e.g. crypto assets, stablecoins, etc.), has the potential to pose risks to financial stability," the ESRB, set up after the 2008 crisis and chaired by European Central Bank president Christine Lagarde, wrote in a note. SPAC attack: It's not just crypto markets facing increased scrutiny. The U.S. Securities and Exchange Commission (SEC) yesterday proposed a set of measures to bolster disclosure requirements for special-purpose acquisition (SPAC) companies. Read the full story on Forbes. Now read this: Meet the ‘crypto caucus’—the U.S. lawmakers defending digital coins

Deadline delayed ⏳


	🇬🇧 The U.K.'s financial regulator has extended a deadline for a handful of crypto companies that are scrambling to gain approval from the Financial Conduct Authority (FCA) to operate in the country. ✍️ "The Temporary Registration Regime (TRR) will close on 1 April, for all but for a small number of firms where it is strictly necessary to continue to have temporary registration," the FCA wrote in an update published on its website. ✅ The deadline of today had caused chaos for companies, many of which have been forced to pivot their operations elsewhere. So far, just 33 of more than 100 companies that applied have passed the regulator’s checks with around 60 either refused or withdrawing their applications. The 13 remaining include high-profile companies Copper, Revolut, and Blockchain.com. Good to know: 35 NFTs including Bored Apes were stolen via phishing attack in the last week alone

	Billy Bambrough
	Forbes Senior Contributor

I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.

Follow me on Twitter or email me.

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