Crypto News

The latest price moves in bitcoin (BTC) and crypto markets in context for May 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The government, which has adopted a pro-crypto stance, must hold a general election by end-January.

Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.

The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.