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Crypto News
First Mover Americas: Bitcoin Sinks Below $58K in Run-Up to Fed Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for May 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Restaking ‘Gold Rush’ Spreads to Solana From Ethereum, With Jito and Others Joining In
Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?
How Changpeng Zhao’s ‘Good Guy’ Reputation Secured a 4-Month Prison Sentence
Judge Richard Jones said he spent the weekend pouring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart.
House’s McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered…
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX…
Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.
Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again
Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments,…
Crypto’s Transition: Bringing Capital Onshore
Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY.
Distilling the Tornado Cash and Samourai Suits
There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal…