CoinDesk 20 Performance Update: UNI Surges 10.4%, While Index Trades Mostly Flat
Aptos was the weakest performer, falling 6.9%Source
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Uniswap Developer Unveils Own Layer-2 Network, Unichain, Built on Optimism Tech
The news is in line with the ongoing trend that’s hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.Source
First Mover Americas: Bitcoin Returns to $61K Ahead of September CPI Report
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Dubai’s VARA Fines, Issues Cease-and-Desist Orders Against 7 Crypto Entities
Dubai’s Virtual Assets Regulatory Authority (VARA) issued cease-and-desist orders and accompanying fines to seven entities for operating without the required licenses and breaching marketing regulations.Source
Bitcoin, Ether Nurse Losses as Dollar Strengthens Ahead of U.S. Inflation Report
A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.Source
Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.Source
SEC Chair Gary Gensler on Crypto: ‘It’s Unlikely This Stuff Is Gonna Be a Currency’
Gensler also called out fraud in crypto: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.”Source