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Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

[Aug 5 1:29 AM] Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina

[Aug 4 9:05 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina…

Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%

[Aug 4 3:16 PM] Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.

Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move 

[Aug 4 1:20 PM] In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the…

Polymarket Bets Big on Josh Shapiro: Is He Kamala Harris’s Secret VP Pick for 2024?

[Aug 3 12:37 PM] Based on Polymarket predictions, Pennsylvania Governor Josh Shapiro is currently favored to be Kamala Harris’s Vice Presidential pick for her 2024 U.S. presidential campaign. Polymarket participants currently give Shapiro a 72% likelihood of being…

State Duma Financial Market Committee Leader Envisions Bitcoin and Digital Ruble Exchanges

[Aug 2 10:30 PM] Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma, the Russian equivalent to the U.S. House of Representatives, has predicted that bitcoin and digital ruble exchanges will become a reality in the coming years. Aksakov…

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

[Aug 2 7:20 PM] Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national…

Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

[Aug 2 5:32 PM] The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High

[Aug 2 4:09 PM] The broker raised its year-end price target for the software company to $2,150 from $1,875.

France Opens for MiCA Applications, First Among Biggest EU Economies

[Aug 2 4:04 PM] France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood

[Aug 2 3:39 PM] Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

[Aug 2 3:11 PM] The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million.

Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC

[Aug 2 2:56 PM] In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock's iShares Bitcoin…

CoinDesk 20 Performance Update: Index Gains 1.2% With BCH and ETC Leading

[Aug 2 1:51 PM] The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

[Aug 2 12:44 PM]

Crypto Exchange Bybit Withdraws From France in Response to Regulations

[Aug 2 12:41 PM] It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.

Retail Investors Can Now Invest in Bitcoin Startups with Thunder Funder

[Aug 2 12:01 PM] Lightning Ventures, a VC firm in the Bitcoin space, launched Thunder Funder, a Regulation Crowdfunding (Reg CF) portal, at the Bitcoin 2024 conference last week.  The platform aims to democratize early-stage investing in Bitcoin and open-source…

First Mover Americas: BTC Warnings Finger Drop to $55K

[Aug 2 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire

[Aug 2 11:52 AM] The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

[Aug 2 10:52 AM] A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.

Global Liquidity Hits All Time High, Bitcoin To Follow?

[Aug 2 10:09 AM] According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically…

Kamala Harris Can't Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

[Aug 2 9:44 AM] The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange's Earnings Report

[Aug 2 9:04 AM] Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus.

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

[Aug 2 8:41 AM] For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

[Aug 2 7:52 AM] Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk" indicator.

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

[Aug 2 7:36 AM] Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

[Aug 2 6:25 AM] India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.

Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

[Aug 2 1:30 AM] Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a…

Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates

[Aug 1 9:13 PM] The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.

Michael Saylor's MicroStrategy Bought 169 Bitcoin For $11.4 Million In July

[Aug 1 8:39 PM] MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per…