Sudden Crypto Volatility Spurs $216M in Losses, Liquidating Both Long and Short Positions
Cryptocurrency prices rose early Friday but then dropped sharply following a report that the SEC had deemed recent spot BTC filings inadequate.
Will Europe’s Digital Euro Really Protect Privacy?
EU officials pay lip service on data rights, but its proposals for a CDBC don’t offer much reassurance for users, says CoinDesk’s Michael Casey.
Bitcoin Cash, FTX’s FTT Token and COMP Led Crypto Market Gains in June
Bitcoin cash added the most, almost tripling over the course of the month.
Web3 Can Actually Compete in the Computer Chip Race
GPU prices have taken a toll, and it’s hitting Nvidia’s bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)
Bankrupt Celsius Can Convert Altcoins to BTC, ETH Starting July 1 Following SEC Talks
Creditor distributions will only be made in the two most popular cryptocurrencies, the company said
Why Tokenized Assets Are Safer During a Banking Crisis
Recent U.S. bank failures exposed a strange truth: depositing your money on-chain is safer than trusting banks to make good on your holdings, argues Copper’s Fadi Aboualfa.
Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
What New York Can Learn From Hong Kong in Regulating Crypto
A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.
OKX Overcomes FTX-Related Concerns Around Crypto Industry in $70M Expansion of Man City Sponsorship
Manchester City and OKX’s other partners have been auditing the exchange’s proof of reserves to ease concerns that it won’t go the same way as FTX.
First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF
The latest price moves in bitcoin (BTC) and crypto markets in context for June 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.