The latest price moves in bitcoin (BTC) and crypto markets in context for May 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Crypto wallet company Exodus Movement will not be listing on NYSE American, the New York Stock Exchange’s sibling market, on Thursday as planned, the company announced late Wednesday.Source
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.Source
The popular trading platform also beat first quarter revenue and earnings estimates.Source
The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he’ll veto the effort if it hits his desk.Source
In this week’s issue of The Protocol newsletter, we dive into the crypto industry’s fundraising method du jour – it’s all about the decentralization! PLUS: Polyhedra says its ZK prover is 2x faster than anyone else’s.Source
Bankrupt cryptocurrency exchange FTX has proposed a new reorganization plan that would see a whopping 98% of its creditors get back 118% of their claims – in cash – within 60 days of court approval, according to new documents filed Tuesday evening.Source
Looking to strengthen its market share in the Asia region, Wintermute will become a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds.Source
The NBA’s Victor Oladipo and racecar driver Landon Cassill also struck deals, and a group of Voyager investors said this was the “first tranche” of settlements with promoters of the former cryptocurrency lender.Source