Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.Source
TON, RNDR Surge More Than 13% as Bitcoin Rebounds to $63K
RNDR cheers Apple’s brief mention of Render-powered 3D design software Octane.Source
First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week’s Recovery
The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves
KuCoin has paid a fine of $41,000 and Binance’s financial penalty is still to be determined after a hearing with India’s FIU.Source
Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats
The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates, said Chief Strategist Nick Carr.Source
Dogecoin Appears Headed for a ‘Golden Cross’
A DOGE price pattern that presaged the early 2021 surge looks set to recur.Source
Kraken Asks Court to Dismiss SEC Claims to Avoid ‘Significant Reordering’ of U.S. Financial Structure
Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a “significant reordering” of the U.S. financial regulatory structure, according to court filings submitted in the Northern District of California on Thursday.Source
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Russia’s election results which have handed Vladimir Putin a fifth term as Russian president.Source
EigenLayer’s EIGEN Airdrop Might Signal Demise of Once-Popular ‘Points’
EIGEN’s airdrop comes after a wave of criticism of its distribution plan and points program.Source
Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain ‘Eclipse’ to Step Back
Neel Somani, founder of Eclipse, which builds a layer-2 blockchain for Ethereum, said sexual misconduct allegations circulating against him on X were “false.”Source