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August 4, 2023

First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

News
August 4, 2023

Hong Kong’s New Crypto License Could Cost Exchanges a Pretty Penny

The city’s new licensing regime paves the way for exchanges to operate legally but tough compliance requirements could cost firms as much as $20 million, industry insiders say.

News
August 4, 2023

Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator’s Oversight

Coinbase filed for judgement in its ongoing case against the U.S. Securities and Exchange Commission, alleging the regulator is stepping well outside its jurisdiction in suing the crypto exchange.

News
August 4, 2023

Arbitrum’s Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

News
August 4, 2023

Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty

The digital bank said U.S. customers will not be able to access crypto via its platform starting Oct. 3.

News
August 4, 2023

Trader Joe Debuts on Ethereum; JOE Jumps 3%

The DEX’s Liquidity Pool was already available on Arbitrum, BNB Chain and Avalanche.

News
August 4, 2023

Largest Crypto Miners Will Benefit Most From Capacity Growth: Bernstein

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said.

News
August 3, 2023

Curve Offers Hackers 10% Bounty in Exchange for Return of Crypto

“We will pursue you from all angles with the full extent of the law,” said Curve, Metronome and Alchemix.

News
August 3, 2023

Polygon Claims Matter Labs Copied Its Code Without Attribution

In a blog post, Polygon shared that Matter Labs had copy-pasted part of the code from their Plonky2 library.

News
August 3, 2023

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

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