U.S. Added 187K Jobs in July, Missing Estimates for 200K, Bitcoin Slips to $29,100

The unemployment rate TKTK to 3.X% versus estimates for 3.6%.Source

First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Hong Kong’s New Crypto License Could Cost Exchanges a Pretty Penny

The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.Source

Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator’s Oversight

Coinbase filed for judgement in its ongoing case against the U.S. Securities and Exchange Commission, alleging the regulator is stepping well outside its jurisdiction in suing the crypto exchange.Source

Arbitrum’s Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.Source

Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty

The digital bank said U.S. customers will not be able to access crypto via its platform starting Oct. 3.Source

Trader Joe Debuts on Ethereum; JOE Jumps 3%

The DEX’s Liquidity Pool was already available on Arbitrum, BNB Chain and Avalanche.Source

Largest Crypto Miners Will Benefit Most From Capacity Growth: Bernstein

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.Source

Bitcoin Holdings on OTC Desks Decline 33%: Glassnode

Over-the-counter desk balances are widely considered a proxy for institutional activity.Source

Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China

Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai’s exchanges.Source