Bitcoin Recedes to $27K as Fed’s Mester Favors Unabated Tightening

“I don’t really see a compelling reason to pause rate hikes,” Fed’s Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.Source

First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend

Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.Source

Bitcoin Edges Below $28K as Investors Eye U.S. Debt Ceiling Progress

Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.Source

Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay

Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.Source

Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping

The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue.Source

Crypto Exchange bitFlyer Aligns Itself With FATF ‘Travel Rule’ With New Restrictions

The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).Source

First Mover Americas: Bitcoin on Track for First Monthly Loss of the Year

The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

India’s RBI Intends to Push G-20 to Focus on Crypto’s Macro Risks

India’s central bank is trying to expand the global narrative around cryptocurrencies beyond “financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.Source

Blockchain-Based Render Network’s Token Tracks Tech Stocks as Broader Crypto Market Decouples

RNDR has been a good high beta Nasdaq play in recent weeks, one portfolio manager noted.Source

ECB Finalizes Digital Euro Prototypes as Development Decision Looms

The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.Source