First Mover Americas: Bitcoin Hovers Around $59K to End Week
The latest price moves in bitcoin (BTC) and crypto markets in context for May 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
UK Local Elections Show Swing to Labour With General Election Pending
The government, which has adopted a pro-crypto stance, must hold a general election by end-January.Source
Bitcoin’s Price Recovery Faces Nonfarm Payrolls Test
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.Source
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.Source
Kraken’s Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.Source
Friend.Tech’s Native Token Tanks to $2.5 After Debut
Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.Source
Jack Dorsey’s Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.Source
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.Source
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.Source