[ad_1] The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. [ad_2]
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[ad_1] ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets. [ad_2]
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[ad_1] The SEC’s lawsuit against Coinbase named thirteen altcoins as securities. [ad_2]
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[ad_1] Ether, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH and other major altcoins followed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange […]
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[ad_1] Connors writes that despite 2023’s focus on Bitcoin’s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum’s post-merge performance, including an unexpected non-impact of staking ‘unlock,’ increased staking demand, and realized deflationary promise with over 250k ETH ‘burned,’ is garnering market attention. [ad_2]
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[ad_1] On Thursday, the firm moved a total of 291,000 ETH, worth $553 million, into staking contracts, according to a Dune Analytics chart by 21Shares. A total of 192,000 tokens were deposited into the Celsius staking pool, while 99,000 tokens were staked with Figment, Wan reported. [ad_2]
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[ad_1] Almost without exception, other major cryptos spent the day solidly in positive territory with ADA and SOL, the tokens of the Cardano and Solana smart contract platforms, recently rising more than 4% and 3.5%, respectively. Meanwhile, a bevy of small DeFi focused protocols were the big gainers of the past seven days, according to […]
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[ad_1] Bitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its […]
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[ad_1] In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic […]
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[ad_1] Bitcoin’s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan’s re-election as president of Turkey, […]
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