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Jamie Crawley, Omkar Godbole @ CoinDesk · 08/06/2024 08:01 EDT

First Mover Americas: Crypto Rebounds From Monday's Chaos

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 08/06/2024 07:24 EDT

Ronin Bridge Paused After $9M Drained in Apparent Whitehat Hack

“The bridge currently secures over $850M which is safe,” co-founder @Psycheout86 said in an X post. Read more

0

CoinDesk
Omkar Godbole @ CoinDesk · 08/06/2024 05:22 EDT

Bitcoin's Unreliable Death Cross Is Looming Again

The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 08/06/2024 04:48 EDT

Ethereum ETFs Scored $49M Inflows as ETH Plunged

ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals. Read more

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CoinDesk
Jamie Crawley @ CoinDesk · 08/06/2024 04:31 EDT

ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again. Read more

1

CoinDesk
Omkar Godbole @ CoinDesk · 08/06/2024 02:56 EDT

These Two Bitcoin Indicators Offer Light in a Gloomy Marke

BTC has dropped over 13% this month, but all is not lost, according to key indicators. Read more

1

CoinDesk
Amitoj Singh @ CoinDesk · 08/06/2024 02:55 EDT

Binance Has Challenged India's $86M Tax Showcause Notice: Source

Binance, the world's largest cryptocurrency exchange, has "challenged" a nearly $86 million tax notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 08/06/2024 01:57 EDT

Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday's Rout

Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session. Read more

1

CoinDesk
Cheyenne Ligon @ CoinDesk · 08/05/2024 21:21 EDT

SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request

Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.” Read more

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CoinDesk
Krisztian Sandor @ CoinDesk · 08/05/2024 15:31 EDT

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets. Read more

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CoinDesk
Marc Hochstein @ CoinDesk · 08/05/2024 14:57 EDT

Is Bitcoin Still a Store of Value?

It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe. Read more

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CoinDesk
Leroy Hofer @ CoinDesk · 08/05/2024 13:09 EDT

DePIN and Machine Data Can Change Web3

DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol. Read more

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CoinDesk
Jesse Hamilton @ CoinDesk · 08/05/2024 11:33 EDT

Crypto Candidate in Arizona Is Winning (So Far) Despite Sen. Warren's Headwinds

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.) Read more

15

CoinDesk
Sam Reynolds, Marc Hochstein @ CoinDesk · 08/05/2024 10:01 EDT

Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say

Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy; Fed will cut rates fast and hard in September, say bettors. Read more

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CoinDesk
CoinDesk Indices, Tracy Stephens @ CoinDesk · 08/05/2024 09:44 EDT

CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline

The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit. Read more

16

CoinDesk
Krisztian Sandor, Omkar Godbole @ CoinDesk · 08/05/2024 08:23 EDT

First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto Market

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more

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CoinDesk
Bradley Keoun @ CoinDesk · 08/05/2024 07:00 EDT

Protocol Village: X10, Hybrid Perps Exchange Settling on StarkEx, Launches on Mainnet

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7. Read more

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CoinDesk
Oliver Knight @ CoinDesk · 08/05/2024 05:37 EDT

Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges

The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off. Read more

0

CoinDesk
Sheldon Reback @ CoinDesk · 08/05/2024 05:35 EDT

Crypto Stocks Slump as Bitcoin, Ether Tumble

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide. Read more

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CoinDesk
Shaurya Malwa, Omkar Godbole @ CoinDesk · 08/05/2024 04:21 EDT

Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind

Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin. Read more

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27.11.2024 14:46
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