DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg

The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.Source

EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It’s Non-Transferable

Perpetual futures markets price the fully diluted value of the token at around $15 billion.Source

DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

The Near Protocol’s Near token has more than doubled in price in 2024.Source

Celo Community Ratifies Plan to Use Optimism’s OP Stack for New Layer-2 Chain

The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.Source

Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.Source

U.S. CFTC Proposes Ban on Political Event Contracts

The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the trading of predictive contracts.Source

Crypto Custody Tech Firm Fireblocks Seeks New York-Regulated Trust Company

Fireblocks is also convening a licensed and qualified crypto custodian partner program with a starting line up of custodians from the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.Source

Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K

Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.Source

TON, RNDR Surge More Than 13% as Bitcoin Rebounds to $63K

RNDR cheers Apple’s brief mention of Render-powered 3D design software Octane.Source

First Mover Americas: Bitcoin Holds Near $63K, Consolidating Week’s Recovery

The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source