The latest price moves in bitcoin (BTC) and crypto markets in context for June 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.Source
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week.Source
The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.Source
Ether and other major cryptos spent much of the day in positive territory.Source
The company plans to offer financial services that combine the potential of crypto with traditional financial services.Source
The miner’s bitcoin production per unit of computing power was low in April.Source
In a statement, the trade group’s CEO Kristin Smith, said that regulatory actions should only target bad actors.Source
Crypto exchanges would gain a path to registering with the U.S. Securities and Exchange Commission (SEC) and would be able to trade digital securities, commodities and stablecoins all in one place under a proposal from the Republican chairs of the two House of Representatives committees trying to hash out a bill.Source
The bridges that are essential to our multi-chain cryptoverse are vulnerable to hacks. But an analysis of some of the biggest exploits of the past year reveals that applying multiple security measures in combination could have blocked the attacks, writes Gnosis co-founder Martin Koppelmann.Source