The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Binance Warns of Multiple Stablecoin Delistings as Lawyers Puzzle Over EU’s MiCA
The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers
Galaxy Digital Eyes European Expansion With New Regional CEO
Mike Novogratz’s firm has appointed Leon Marshall, its existing global head of sales, as its first European CEO.
BNB, XRP Lead Slide in Crypto Majors as Mt. Gox’s Repayment Delay Fails to Bouy Bitcoin Prices
“We still believe that the chances of further declines are higher for now,” one analyst said.
Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments
Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried’s Alameda, Ex-Employee Claims
An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.
DraftKings’ Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
Optimism Foundation Sells $157M OP Tokens, Citing ‘Treasury Management’
The foundation behind layer 2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven separate purchasers, according to an announcement on the Optimism governance website.
Mt. Gox Pushes Repayment Deadline by a Year
The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.
NFT Platform ImmutableX’s IMX Token Surges 35% With Upbit Leading Volume Growth
The IMX-Korean won pair listed on South Korea’s leading exchange Upbit accounted for nearly 20% of the 24-hour global trading volume.
Vivek Ramaswamy is Drafting a ‘Crypto Policy Framework’
Republican presidential candidate Vivek Ramaswamy will release a crypto policy paper.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
A crypto-related bill meant to stifle a future U.S. central bank digital currency is now heading toward consideration on the floor of the U.S. House of Representatives after committee approval Wednesday, marking further progress for digital assets legislation in Congress.
Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.
BCB Group’s Chief Banking Officer Ian Moore to Leave This Month
His planned exit follows that of the deputy CEO Noah Sharp in June.
‘We Can’t Build Something Like This on Ethereum,’ Says DYdX Founder as Mainnet Nears
In an exclusive interview, Antonio Juliano, founder of dYdX (and a former Coinbase software engineer), discusses his project’s move to build a new layer-1 blockchain using Cosmos technology.
South Koreans Hold $99B of Digital Assets Overseas: Tax Service
The crypto held in overseas accounts for about 70% of all assets held outside the country.
Arbitrum Blockchain Traders Can Now Protect Against Impermanent Loss
GammaSwap developers say it’s the first application to allow Arbitrum users to hedge against supplied liquidity by letting them go short on those positions.
First Mover Americas: Bitcoin Hovers Around $27K Ahead of Fed Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.