Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a “Crypto4Harris” virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill.Source
Former U.S. President Donald Trump’s efforts to court the cryptocurrency industry this election cycle seem to be paying off, according to the results of a new poll from Fairleigh Dickinson University.Source
It’s been a rough August, with the world’s largest crypto set to close the month with a double-digit percentage loss.Source
Litecoin gained 2.4% while Bitcoin Cash rose 2% in overnight trading.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.Source
In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.Source
U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.Source
Russia will begin trialing cross-border crypto payments next week to try to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.Source