The latest price moves in bitcoin (BTC) and crypto markets in context for June 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.Source
Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin.Source
The IMF recommended that countries focus on addressing the drivers of crypto demand and unmet digital payment needs in a post.Source
The crypto exchange said it has registered as a virtual asset service provider with the country’s central bank following a “comprehensive” compliance review.Source
Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.Source
The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.Source
Electricity costs played a vital role in the past year’s bear market as miners struggled to survive, the report said.Source
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants’ funds.Source
Historically, an above-90% reading on the index has coincided with interim market tops.Source