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First Mover Americas: Grayscale’s GBTC Discount Narrows to 10%

[Nov 13, 2023 7:22 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer

[Nov 13, 2023 7:20 AM] A hacker seemingly stole $27 million worth of tether [USDT] from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT.

GROK Token, Inspired by Elon Musk’s Grok AI, Hits $160M Capitalization in Latest Frenzy

[Nov 13, 2023 7:10 AM] Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise.

Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL

[Nov 13, 2023 6:32 AM] Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period.

Bitget's Hong Kong Unit Halts Operations, Won't Apply for Crypto License

[Nov 13, 2023 5:52 AM] BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

Cathie Wood's ARK Sold $6M of Grayscale Bitcoin Trust Shares Amid Rally

[Nov 13, 2023 5:11 AM] ARK offloaded 201,047 GBTC shares, worth around $5.9 million, from its Next Generation Internet ETF.

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

[Nov 13, 2023 4:59 AM] The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC.

Crypto Exchange Bithumb Plans South Korea IPO in Second-Half 2025: Report

[Nov 13, 2023 4:10 AM] Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.

Grayscale Discount Continues to Narrow as Spot Bitcoin, Ether ETF Euphoria Works Through Markets

[Nov 13, 2023 3:24 AM] Prices on the major cryptocurrencies stabilized after a rally at the end of the U.S. trading week, while crypto winter continues to thaw in every part of the market from bitcoin to ether and DEXs.

The Crypto Market Rally Looks Overdone, JPMorgan Says

[Nov 13, 2023 2:32 AM] Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, the report said.

9% of French Adults Now Invested in Crypto Assets, AMF Survey Reveals

[Nov 12, 2023 11:00 PM] Amidst the global wave of new retail investment, France’s Autorité des Marchés Financiers (AMF) has observed a significant uptick in the number of individuals holding crypto assets. A study conducted by the AMF, supported by the Technical…

South Korean Crypto Exchange Bithumb Eyes IPO in Move to Challenge Upbit’s Market Dominance

[Nov 12, 2023 5:00 PM] Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange…

Ethereum Transaction Fees Climb 219% in 3 Weeks as Onchain Crypto Transfers Become Pricier

[Nov 12, 2023 3:00 PM] Over the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22…

Bitcoin, Ethereum, and Crypto Google Searches Surge, Peaking in October Before Tapering Off

[Nov 12, 2023 11:00 AM] Over the 90-day stretch from August 13 to November 11, 2023, bitcoin (BTC) along with a broad array of crypto assets have posted substantial increases. Data from Google Trends in this timeframe indicates a surge in searches for…

European Union Finalizes Digital ID Wallet Agreement, Hints at Digital Euro Integration

[Nov 11, 2023 5:30 AM] The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program. The agreement, which needs to be ratified at the parliamentary level…

Bank of Russia to Develop Digital Ruble Payment System With the UAE

[Nov 11, 2023 3:30 AM] The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and…

DeFi Platform Raft Suffers $3.3M Exploit, But Hacker Likely Took a Loss on the Attack

[Nov 10, 2023 3:27 PM] Raft's R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.

Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia

[Nov 10, 2023 2:30 PM] Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its…

Binance Launches Web3 Wallet to ‘Lower the Barrier’ for Self Custody

[Nov 10, 2023 1:30 PM] Binance has announced the launch of a new “self-custody” Web3 wallet aimed at simplifying the user experience and protecting user funds when using decentralized apps. The wallet features multi-party computation (MPC) tech, which Binance…

Solana's SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months

[Nov 10, 2023 1:13 PM]

Meet Midas: A New Yield-Bearing Stablecoin Investing in U.S. Treasuries

[Nov 10, 2023 12:29 PM] The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as "institutional partners."

Bitcoin Fund Holdings Hit All-Time High as Spot ETF Excitement Entices Crypto Investors

[Nov 10, 2023 12:17 PM] tktk

Crypto Lender Hodlnaut to Be Liquidated, Court Filing Shows

[Nov 10, 2023 8:09 AM] Defunct cryptocurrency exchange Hodlnaut will be wound up, according to a note from the company’s former interim judicial managers, Aaron Lee and Angela Ee.

International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up

[Nov 10, 2023 7:36 AM] Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.

Poloniex Hit by $114 Million Hot Wallet Heist; Justin Sun Pledges to Recover Funds

[Nov 10, 2023 7:20 AM] Onchain data and reports have highlighted unusual outflows from cryptocurrency exchange Poloniex, prompting concerns of a possible hot wallet breach worth approximately $114 million. Justin Sun, the exchange’s proprietor and Tron’s…

First Mover Americas: Ether Surges on BlackRock’s ETF Plans

[Nov 10, 2023 7:01 AM] The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Celsius Bankruptcy Reorganization Plan Approved by Court; Implementation by Early 2024

[Nov 10, 2023 6:31 AM] Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year.

Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data

[Nov 10, 2023 6:06 AM] Cryptocurrency exchange Poloniex has had its hot wallets drained by hackers with an estimated loss of around $60 million.

JPMorgan Adds Programmable Payments to JPM Coin

[Nov 10, 2023 5:05 AM] Previously clients would need to set standing orders for payments to take place at a particular time; now they can program them to kick in when the relevant criteria are met.

Bitcoin Could Hit $69K by Mid-2024 as it Enters Acceleration Phase, Analyst Says

[Nov 10, 2023 4:52 AM] BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.