First Mover Americas: Bitcoin Buckles the Day Before U.S. Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for April 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

Around 100,000 users have participated in the country’s central bank digital currency pilot since it kicked off in December.Source

Bitcoin’s Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative

Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.Source

Japan Approves Web3 White Paper to Promote Industry Growth in the Country

The white paper proposes more tax reform, clearer accounting standards and a DAO law.Source

High Ether Yields Drive $50M to DeFi Protocol Pendle Finance

The total locked value of assets on the platform has risen over 300% since the start of this year, DeFiLlama data shows.Source

Binance Australia’s Derivatives License Cancelled Following Request by Exchange

The Australian Securities and Investments Commission (ASIC) has cancelled Binance Australia’s derivatives license, according to a press release.Source

Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders

Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.Source

Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn

Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.Source

Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg

Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.Source

ANZ Bank Completes Carbon Credits Trading as Part of Australia’s CBDC Pilot

Australia and New Zealand Banking Group Limited (ANZ) has completed the first use-case of carbon credit trading as part of Australia’s central bank digital currency (CBDC) pilot.Source