Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges
Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs).
Crypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet
Unciphered, a company of cybersecurity professionals who recover lost cryptocurrency, says it found a way to physically hack into the Trezor T hardware wallet. Trezor says it acknowledged a similar-sounding attack vector a few years ago.
Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool
The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s…
0x Releases Latest Version of DEX Aggregator Matcha
Exchange infrastructure provider 0x released Wednesday its newest iteration of Matcha, a decentralized exchange (DEX) aggregator, which incorporates several features focused on enhancing the trading experience for users.
Ava Labs Launches 'No-Code' Web3 Launchpad AvaCloud
Ava Labs says that new tool will create greater revenue opportunities and "sets the stage for mass adoption-ready cloud-based infrastructure in blockchain."
Voltz Protocol Brings a Wall Street Rates Stalwart to DeFi
SOFR – which Voltz’s new product is tied to through the Avalanche blockchain – is used to set interest rates on TradFi loans, bonds and other products in the U.S.
First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report
The latest price moves in bitcoin (BTC) and crypto markets in context for May 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Japan to Enforce Tougher Crypto Anti-Money Laundering Laws Next Month: Report
Earlier this month, global financial crimes watchdog FATF urged G-7 economies like Japan to lead by example to implement its controversial "travel rule" for crypto transfers.
FATF Did Not Require Pakistan to Ban Crypto to Stay Off Its 'Grey List'
The Financial Action Task Force has said it does "not require countries to indiscriminately ban virtual assets and virtual asset service providers," after Pakistan's Minister of State for Finance and Revenue said crypto cannot be legalized due to…
Bitcoin Climbs Past $27.4K but Remains in Holding Pattern as Investors Continue U.S. Debt Limit Vigil
Ether and most other major altcoins rise slightly, even as stocks drop amid worries about whether U.S. lawmakers will reach an agreement before June 1.
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