Latest from Christine Lee
Fed Preview as Bitcoin Tops $23K; Senators Reportedly Press Silvergate on Ties to FTX
The Federal Reserve's two-day meeting is underway, with a decision on interest rates expected Wednesday afternoon. Tactive Wealth Advisor Eddy Gifford shares his outlook on bitcoin (BTC). This comes as Bloomberg reports a bipartisan group of U.S. senators is pushing Silvergate Capital to provide more details about what it knew about FTX’s alleged misuse of customer funds. And 507 Capital Managing Partner Thomas Braziel joins the conversation discussing the latest legal developments for bankrupt crypto lender Celsius.
CFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger 'Healthy Pullback' in Bitcoin
"First Mover" covers the latest in crypto markets and regulation as the Federal Open Market Committee (FOMC) meeting kicks off today ahead of a decision on interest rates Wednesday and the fight over crypto regulation escalates. Joining the conversation are CFTC Commissioner Kristin N. Johnson, Chamber of Digital Commerce founder and CEO Perianne Boring, and 21.co co-founder and CEO Hany Rashwan.
Elon Musk Reportedly Wants Twitter Payments System to Include Crypto; Bitcoin Falls Under $23K
Bitcoin falls about 5% after reaching a high of $23,950 Sunday. Why the u-turn? Arca Director of Trading and Operations Wes Hansen joins "All About Bitcoin" to discuss the bitcoin price action and outlook. Plus, Elon Musk reportedly plans to accommodate crypto in a Twitter payments system. Also, Luzius Meisser, Bitcoin Suisse Chairman of the Board, discusses new European Union crypto regulations.
Coinbase Exec on Crypto Markets Ahead of Fed Rate Hike Decision; Gemini Reportedly Under Investigation
A big week in markets as the U.S. Federal Reserve meets to decide how high to raise interest rates amid signs of lower inflation and a cooling economy. Coinbase Institutional Head of Research David Duong joins "First Mover" to discuss. Johns Hopkins Univ. Professor of Applied Economics Steve Hanke weighs in with his recession outlook. Also joining, bankruptcy expert Dov R. Kleiner of Kleinberg Kaplan to discuss the latest in the FTX, Celsius, and Voyager bankruptcy cases. Plus, crypto exchange Gemini is reportedly under investigation over FDIC claims.
Bitcoin on Track for Best January Since 2013; White House Calls on Congress to 'Step Up' Crypto Efforts
The White House published a statement Friday, calling on Congress to step up crypto regulation efforts and "expand regulators’ powers to prevent misuses of customers’ assets". Bitcoin (BTC) is having its best start to the year in a decade and the price by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. Plus, CoinDesk Editor-at-Large Christie Harkin and Crypto Markets Analyst Glenn Williams Jr. take a look at the week in review and look ahead to what's to come.
Core PCE Price Index Rose 4.4% in December; Aptos Labs CEO on Token Surge
Crypto markets are processing the just-released PCE data showing that core inflation has continued to cool. The Personal Consumption Expenditures (PCE) index rose 4.4% annually last month, compared to 4.7% in November. The report is the last major economic data to be released prior to the Fed's next rate hike decision. Joining "First Mover" to discuss is JMP Securities Director of Financial Technology Research Devin Ryan. Also joining, Aptos Labs Co-Founder & CEO Mohammad Shaikh.
Financial Advisors Still Bullish on Crypto: Bitwise Report; Why the Bank Secrecy Act Doesn't Work For Crypto
For the second time, the SEC rejected a joint effort by Ark Investment Management and 21Shares to list a spot bitcoin ETF, as Senator Elizabeth Warren (D-Mass.) praises the agency's policing of the crypto industry. Bitwise Asset Management Chief Investment Officer Matt Hougan breaks down a new survey of financial advisor attitudes toward crypto assets and shares his bitcoin price analysis. Plus, Shipyard Software CEO Mark Lurie shares his outlook for better regulatory clarity in the crypto sector.
Digital Assets Subcommittee Chair on Crypto Legislation, Grayscale vs. SEC
Rep. French Hill (R-Arkansas), chair of the newly created subcommittee on digital assets, joins "First Mover" to discuss his priorities for crypto legislation. Also joining is Craig Salm, Chief Legal Officer at Grayscale Investments, to discuss the latest in Grayscale's appeal of the SEC's bitcoin ETF decision. Grayscale is owned by Digital Currency Group, which also owns CoinDesk. Plus, U.S. GDP rose 2.9% in the fourth quarter of 2022. Jason Pagoulatos, Delphi Digital Markets Associate, provides crypto markets analysis.
Bitcoin's Next Move; How European Crypto Firms Are Getting Ready for Sweeping Legislation
"Policy Week" continues at CoinDesk with comprehensive reporting on the state of crypto regulation. Crypto Council for Innovation Chief Global Regulatory Officer Linda Jeng joins "First Mover" to explain how looming European regulation may impact crypto firms. Plus, Prosper Trading Academy Cryptocurrency Educator Howard Greenberg shares his outlook for bitcoin and Ethereum Protocol Reporter Margaux Nijkerk has the latest details on the Shanghai upgrade. Separately, QuickNode CEO Alex Nabutovsky discusses his company's latest $60 million raise.
Analysts Say Bitcoin Breakout Opens Door to $25K; Crypto Developers Grew in Numbers Amid Bear Market: Report
Bitcoin (BTC) is breaking above $23,000, with the largest cryptocurrency by market capitalization seeing a 30% rally in two weeks. Tom Dunleavy of Messari shares his bitcoin markets analysis and price outlook. Plus, a recent report reveals that blockchain, crypto, and Web3 developers continued to build out their ecosystems in 2022, even in the face of a brutal crypto winter. Electric Capital Partner Maria Shen weighs in.