Galaxy Digital Could Benefit From Improving Political Sentiment Towards Crypto in U.S.: Benchmark
The broker assumed coverage of the digital assets platform with a buy rating and a C$19 price target.
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First Mover Americas: Bitcoin Drops From $70K as Bullish Signal Strengthens
The latest price moves in bitcoin (BTC) and crypto markets in context for June 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
English Soccer Club Watford FC to Offer 10% Digital Equity Through Investment Platform Seedrs
Currently an EFL Championship club, Watford has periodically competed in the Premier League over the last decade.
Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty
Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.
Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
This is Bitpanda's second major partnership in Germany this year after the broker was enlisted by LBBW to offer crypto custody services in the country.
DWF Labs to Purchase $12M FLOKI From Project Treasury, Open Market
The agreement comes as Floki gears up to introduce new products in the coming months, including the Valhalla metaverse game on mainnet.
Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform
The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.
Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
Dapper Labs has reached a tentative settlement agreement with a group of investors who sued the non-fungible token (NFT) company and its co-founder and CEO Roham Gharegozlou for allegedly violating federal securities laws.
Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets
Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.
Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.
Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says
The first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin's pension plan was likely just the beginning for that U.S. state’s investments into crypto, said David Krause, a professor of finance at…
Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It Together
The Uniswap Foundation keeps punting on a "fee switch" proposal that would give UNI governance token holders a cut of liquidity providers' revenue.
Former Binance CEO CZ Begins 4-Month Prison Sentence in California
Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.
First Mover Americas: Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus
The latest price moves in bitcoin (BTC) and crypto markets in context for June 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.
GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit
Keith Gill posted his GameStop options positions on the r/superstonks subreddit.
Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday
Australia-based Monochrome Asset Management's Monochrome Bitcoin exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told CoinDesk.
Flood of Cash from Coinbase Gives Crypto One of the Biggest Campaign War Chests
The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics.
Mexico's Crypto Stance Unlikely to Change as Ruling Morena Party's Claudia Sheinbaum Elected President
Mexico City’s former mayor Claudia Sheinbaum, fielded by the ruling Morena party, has been elected Mexico's first female president.
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121.
Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission's…
Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9%
The "fee-switch" vote was supposed to take place today.
U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who've shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk's…
Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst
The price action has been highly muted this week after plenty of volatility surrounding the previous week's surprising regulatory turnaround for the spot ether ETFs.
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
Measures have been taken to prevent further unauthorized outflows, the exchange said.
Bybit Confirms Executive Shake Up After Notcoin Deposit Delays
Cryptocurrency exchange Bybit has confirmed reports that several executives have "changed roles" after a botched notcoin (NOT) launch resulted in $23 million in compensation being sent to 320,000 users.
Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.