The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.Source
Ethereum’s tokenomics exhibit deflationary tendencies one year after the pivotal proof-of-stake upgrade.Source
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.Source
Bitcoin’s bounce amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana.Source
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.Source
Securities regulators have complained the exchange is unregistered, and worry about assets being shifted overseas.Source
U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market transparency and protect the investors putting their money into the sector.Source
The departure comes just days after the crypto exchange lost its CEO Brian Shroder.Source