Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty

Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.Source

The Need for Clarity in Washington – Not Just on Crypto

The recent ambiguous messaging from the Federal Open Market Committee’s meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell’s comments, is typical of the abstruse signals that can be found in central bank policy-setting. But new tools, such as blockchain’s cryptographic verification systems, could guide policymakers’ decisions.Source

Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens

A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”?Source

Alibaba Says ‘Open Sesame’ to Web3

The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.Source

The Next Big Web3 Trend Wasn’t on Stage at Consensus

If you want to know what’s coming next in this industry, you need to listen to people still on the sidelines, says Leah Callon-Butler.Source

Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.Source

New York Attorney General Seeks New Crypto Powers for State Regulators

The bill follows legal suits pursued by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.Source

First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap

The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls

The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.Source

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.Source