First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause
PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.
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Bitcoin Network Congestion Causes Binance to Pause Withdrawals
The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.
U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg
The United States Justice Department's national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia's invasion of Ukraine on its platform, according to a Bloomberg report.
Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed
Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.
Aragon Fires Back at Activist Investors in Early Stages of DAO Governance Fight
After attempting to thwart what it called a "coordinated" attack on its town square, Aragon reiterated its “code is law” position.
Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit
A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets.
Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty
Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.
The Need for Clarity in Washington – Not Just on Crypto
The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in…
Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens
A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”?
Alibaba Says ‘Open Sesame’ to Web3
The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.
The Next Big Web3 Trend Wasn't on Stage at Consensus
If you want to know what's coming next in this industry, you need to listen to people still on the sidelines, says Leah Callon-Butler.
Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says
The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.
New York Attorney General Seeks New Crypto Powers for State Regulators: Report
The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.
First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
U.S. Adds 253K Jobs in April, Topping Expectations for 180K
The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market
Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain.
Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency
The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8.
Pepecoin Short Sellers Lose Millions as PEPE Jumps to $900M Valuation
The market capitalization for the tokens jumped to nearly $900 million as the frenzy seems neverending.
Israel Has Seized 190 Binance Accounts With Alleged Terrorist Ties Since 2021: Reuters
Israeli authorities say the accounts on crypto exchange Binance belonged to individuals affiliated with Daesh and Hamas.
3% Tax on Crypto Transfers Part of Kenya's Proposed Budget: Bloomberg
Kenya's Finance Ministry, the National Treasury, has proposed a 3% tax on the transfer of digital assets for the coming budget year.
Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion
BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range.
Wrapping Up Consensus 2023
Missed Consensus 2023? Catch up on some of the most important conversations here.
Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.
Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains
The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.