First Mover Americas: ProShares Dismisses Concerns Over Cost of Tracking Futures

The latest price moves in bitcoin (BTC) and crypto markets in context for July 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

SOL, XRP Lead Slide in Crypto Majors as Bitcoin Lingers Below $30K

Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the “digital asset” category, which some say bodes ill for DeFi.Source

Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet

Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.Source

Large Crypto Token Unlocks Drive Prices Lower Within Two Weeks, Research Suggests

Unlocks that free up large amount of liquidity relative to average daily trading volume yield a deeper decline in the token’s price within two weeks after the event, research by The Tie shows.Source

Wholesale CBDC Would Improve Cross-Border Payments, French Central Bank Tests Show

The French Central Bank has determined that its wholesale central bank digital currency (wCBDC) would improve cross-border payments, it announced on Friday.Source

Indonesia’s New Crypto Exchange Opens After Long Delays

The long-awaited Nasdaq-style national bourse for crypto has been operational since July 17, according to an official announcement from Thursday.Source

Wormhole Launches New Blockchain Connecting to Any Cosmos Appchain

The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.Source

ProShares Says Bitcoin ETF Has Matched BTC Price Closely, ‘Roll Cost’ Concerns Are Unwarranted

Interest on the ETF’s cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low tracking error, the firm said.Source

FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives

The lawsuit alleges that fraudulent transfers of cash and shares were used to finance political donations, real estate buys, Sam Bankman-Fried’s criminal defense, and even potentially an island.Source

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

A bunch of actual hamsters are racing on a new platform, and returns-starved traders are placing BUSD-based bets on who wins.Source