Improving liquidity conditions so far this year has lifted risk assets such as cryptocurrencies, but the trend is poised to turn once the U.S. debt ceiling is lifted and the Treasury along with the Fed resumes tightening, analysts said.Source
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.Source
The Chinese yuan has declined by 2.7% against the U.S. dollar this month, while bitcoin has dropped by 7.3%.Source
The Swiss non-profit oversees the Anoma blockchain architecture and the layer 1 blockchain Namada.Source
Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Earlier this year KuCoin closed a $10 million funding round into CNHC.Source
The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain.Source
“I don’t really see a compelling reason to pause rate hikes,” Fed’s Mester said, validating the recent hawkish repricing of interest rate expectations in the U.S.Source
Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.Source