The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%.Source
The ‘Alameda gap’ refers to the worsening of order-book liquidity following the collapse of the FTX group a year ago.Source
Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm’s Matt Huang and Third Point’s Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn’t immediately receive the version of the indictment, they requested that too. And yet, they quickly decided that Bankman-Fried was guilty on all seven counts.Source
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.Source
The request follows a move by Kwon’s defense team to do the same.Source
Damian Williams, the U.S. attorney for the powerful Southern District of New York, set an ominous warning following the conviction of former crypto kingpin Bankman-Fried.Source
A jury found Sam Bankman-Fried guilty on all charges in his criminal fraud trial tied to FTX’s operation and collapse.Source
Bitcoin [BTC] mining stocks soared Thursday amid stable bitcoin price near its 17-month highs and bullish equity markets.Source
Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.Source