First Mover
U.S. Inflation Cools in May; Bitcoin Rises
The U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. The news comes one day ahead of the results of the Fed's latest monetary policy meeting. Clara Medalie, Kaiko Director of Research, joins "First Mover" for market reaction. Plus, Willkie Farr & Gallagher LLP Counsel Mike Selig joins to discuss what the SEC's actions against Binance and Coinbase will mean for crypto. And, John Melican, Elliptic Chief Legal Officer, joins us to discuss new findings revealing attackers behind this month’s $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex.
SOL, ADA, MATIC Prices Stabilize After Weekend Sell-Off; The Relationship Between AI and Crypto
Prices stabilized Monday for Solana's SOL, Cardano's ADA and Polygon's MATIC after being impacted by a sudden sell-off over the weekend. Separately, May 2023 witnessed a wave of scams and hacking incidents that resulted in cumulative losses of over $54 million, a new report from security firm De.Fi shows. De.Fi co-founder Michael Rosmer joins to break down the report. Plus, a look at the relationship between artificial intelligence, crypto, and blockchain. EY Global Blockchain Leader Paul Brody and Foresight Institute CEO Allison Duettmann join the conversation.
Binance.US Suspends Dollar Deposits
Binance.US says it's temporarily transitioning to an all-crypto exchange as of June 13, citing regulatory pressures from the U.S. Securities and Exchange Commission (SEC), which targeted the company with a major enforcement action this week. CoinDesk Global Policy & Regulation Managing Editor Nik De breaks down the latest developments. And, AdvisorShares ETF Strategist Mackenzie Peterson takes a look at the markets. Plus, Meanwhile co-founder and CEO Zachary Townsend discusses what the bitcoin-denominated life insurance provider plans to do with $19M in funding.
SEC-Targeted Tokens Tumble; Binance Says Gensler Once Offered to Be an 'Informal Advisor'
Major cryptocurrencies targeted as unregistered securities in recent SEC lawsuits against Binance and Coinbase continue to decline. Valkyrie Chief Investment Officer Steven McClurg reacts. Meantime, a letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." Bain Capital Crypto Partner and Head of Regulatory and Policy, TuongVy Le, weighs in on the state of crypto regulation. Plus, CoinDesk Executive Director of Global Content Emily Parker explains what Apple's new mixed-reality headset means for Web3.
Crypto Markets Bounce Back After SEC Action Against Coinbase, Binance
Bitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighs in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discusses how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De breaks down the latest developments as SEC seeks a temporary restraining order to freeze assets tied to Binance.US on Tuesday.
Crypto Markets Down After SEC Charges Coinbase, Binance
The crypto markets remain down as the SEC announces it is charging Coinbase for operating as an unregistered securities exchange, broker, and clearing agency. The announcement comes less than a day after the SEC charged Binance with multiple securities violations. Ashley Ebersole, 0x Labs Chief Legal Officer, weighs in on the details. Plus, Vetle Lunde, K33 Senior Analyst, dives into how the markets are reacting to the developing news.
Bitcoin Hovers Under $27K; Blockchain Association Files Amicus Brief in Lawsuit Over Tornado Cash Sanctions
Bitcoin (BTC) is down almost 2% over the last 24 hours and back below $27,000, as JPMorgan releases a new report finding retail demand for bitcoin is likely to remain strong ahead of the next halving event. eToro market analyst Josh Gilbert weighs in. Plus, Blockchain Association CEO Kristin Smith joins to discuss the group's amicus brief filed in an ongoing lawsuit by Coin Center against the Treasury Department and its sanctions watchdog. Plus, a look at the inaugural ‘Consensus @ Consensus’ report.
Bitcoin Above $27K Following May Jobs Report; Justin Sun Discusses Crypto Regulations in Hong Kong
Bitcoin (BTC) is rising slightly above $27,000 after 339,000 U.S. jobs were added in May, which was better than economists' expectations. Coinbase institutional head of research David Duong shares his crypto markets analysis. Plus, TRON founder and Huobi global advisor Justin Sun joins "First Mover" to discuss the impact of Hong Kong's Securities and Futures Commission now accepting applications for crypto trading platform licenses. And, Marathon Digital Holdings CEO Fred Thiel reacts to the latest state legislation impacting bitcoin miners in Texas.
First Mover Americas: Bitcoin rimbalza a $ 27.000 prima del rapporto sull'occupazione
Le ultime variazioni dei prezzi nei Mercati Cripto nel contesto del 2 giugno 2023.
Bitcoin Starts June Dropping Back Below $27K; State of Crypto in Hong Kong
Bitcoin (BTC) and the broad cryptocurrency market sold off for the second consecutive day on Thursday, with fears over inflation and continued rate hikes resurfacing. Todd Groth, CFA, CoinDesk Indices head of index research, shares his crypto markets analysis. Plus, InvestHK head of financial services and fintech King Leung discusses Hong Kong's state of crypto as the country's securities regulator begins accepting applications for crypto trading platform licenses. And, Nestcoin co-founder Yele Bademosi shares his reaction to crypto adoption and innovation in Nigeria.