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
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.Source
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
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger networkSource
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
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
DIBA also released a Bitcoin-only wallet in partnership with mining company Hut 8 Mining.Source
PLUS: Meme coins don’t respect the intellectual property rights of others. And that’s a problem.Source
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said.Source
BTC reversed its morning gains, declining below $26,500 before recently rebounding.Source