Bitcoin in Stasis Below $27K Ahead of Powell Speech
At 15:00 GMT, Powell will speak at the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.Source
Privacy-Focused Network Horizen Expected to Undergo Node Upgrade in June
The upgrade would bring enhancements to sidechains and bug fixes.Source
First Mover Americas: Litecoin Might Be Trading at a Discount
The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.Source
Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg
The firm is looking to capitalize on Hong Kong’s re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.Source
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger networkSource
Litecoin Is Undervalued, Onchain Indicator Suggests
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.Source
Crypto Browser Opera Integrates Layer 1 Blockchain MultiversX
Users will be able to interact with the MultiversX network through its native tokens, NFTs and decentralized applications, all within the Opera browser interface.Source
NFT Marketplace DIBA Goes Live on ‘Really Good for Bitcoin’ Smart Contracts
DIBA also released a Bitcoin-only wallet in partnership with mining company Hut 8 Mining.Source
First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds
PLUS: Meme coins don’t respect the intellectual property rights of others. And that’s a problem.Source