Crypto Markets Tumble as FTX Reportedly Hit With $6B of Withdrawals

Fears over FTX’s solvency led to massive withdrawals from the cryptocurrency exchange, an offer from rival Binance to purchase the company, and ripple effects throughout the crypto markets. CoinDesk’s Tracy Wang has the latest details in this developing story. Also joining “First Mover” to discuss are Rep. Jim Himes (D-Conn.), Kristin Smith of the Blockchain […]

Bitcoin Miners Powered Off as Winter Storm Battered North America; Bitcoin Holds Near $17K

Miners across the U.S. powered down over the weekend as a powerful storm swept across North America. MarketVector Indexes Digital Asset Product Strategist Martin Leinweber shares his crypto markets analysis. Also, Akin Gump Partner Ian McGinley shares his thoughts on the latest legal developments for former FTX CEO Sam Bankman-Fried. Subscribe to CoinDesk on YouTube: […]

Alameda Liquidates Ether-Based Holdings for Bitcoin; A Silver Lining in BTC and ETH Performance

“First Mover” dives into the day’s top stories, including the sudden sale of several tokens held by Alameda Research worth some $1.7 million. On-chain data shows the ether-based token holdings were liquidated in a span of just a few hours and ultimately exchanged for bitcoin. Plus, CoinDesk Managing Director Andrew Baehr dives reveals there is […]

Solana’s Weekend Deep Freeze; 2023 Crypto Crime Trends

Solana’s (SOL) price is rising Monday morning after the protocol crashed twice during the weekend, freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be updated as new information becomes available. CoinFund Managing Partner Seth Ginns shares his reaction. Plus, Chainalysis Director of Research Kim Grauer […]

Coinbase to Suspend Binance USD Stablecoin; Bitcoin Hovers Near $23.5K

Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. Lumida CEO and Co-Founder Ram Ahluwalia shares his reaction. Separately, Forbes reports that Binance moved $1.8 billion of collateral meant to back its customers’ stablecoins to hedge […]

Ether Withdrawals Cross 1M Tokens After Shanghai Upgrade; SEC Commissioner Peirce on DeFi Oversight

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Ether (ETH) withdrawals topped 1 million tokens on Sunday night even as prices touched an 11-month high, following the recently implemented Shapella upgrade. Galaxy Digital Vice President of Research Christine Kim and K33 Senior […]

Coinbase CEO Leaves Door Open to Relocating; Bitcoin Reclaims $30K

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Coinbase CEO Brian Armstrong indicated that the crypto exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Jason Gottlieb, Morrison Cohen LLP partner and […]

Rep. Davidson on Future of U.S. Crypto Regulation; Bitcoin Slips for Third Straight Day

Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Rep. Warren Davidson (R-Ohio) joins “First Mover” to discuss the future of U.S. crypto regulation and explains why he wants to restructure the Securities and Exchange Commission and is calling for the removal of […]