First Mover Americas: Bitcoin Holds $40K
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.
SatoshiVM Marred by Controversy Days After SAVM Issuance
SAVM jumped several thousand percent to a market capitalization of as high as $90 million a few hours after issuance.
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
Many respondents to the digital pound consultation said that they had concerns about privacy and control.
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
Ether Options Out of Sync With Bullish Sentiment on Street
The way ether options are priced suggests investor preference for bets that prices will fall, contradicting the bullish outlook presented by some analysts.
Tesla’s Bitcoin Holdings Remain Unchanged in Q4
The Elon Musk-led company holds over $387 million worth of bitcoin.
Swiss Crypto Bank Sygnum Inches Closer to ‘Unicorn’ Status With $40M Raise
The company said that its initial target for the funding round was $35 million.
Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge
LayerZero launched a Lido stETH bridge last October without asking for Lido DAO’s permission. The community responded this week by endorsing a pair of its biggest competitors.
The Digital Pound Consultation Will Drop Thursday, U.K. Official Says
There’s a number of issues around privacy, financial inclusion, whether there’s limits, monetary policy and interest, James Bowler, Permanent Secretary of the Treasury said.