Traders Are Paying 2,000% to Buy CYBER as Social Network’s Tokens Soar
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
Markets
First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%
With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
Lira-Backed TRYB Token Becomes World’s Second-Largest Non-Dollar-Pegged Stablecoin
The market cap of BiLira’s TRYB token has increased more than 300% to $136.10 million, the second-highest among non-U.S. dollar-pegged stablecoins.
Bitcoin Slides Under $26K, Majors SOL, XRP, DOGE Erase All Weekly Gains
Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts.
MakerDAO’s MKR Token Jumps 10%, Defying Crypto Market Slump
The rally occurred amid improving fundamentals of Maker, as the protocol has returned to make profits, Messari analyst Kunal Goel said.
Ether Heads for ‘Death Cross’
Ether’s daily chart (TradingView/CoinDesk)
First Mover Americas: Musk’s X Obtains Payment Licenses in Several U.S. States
The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Slips to $27.2K, Cryptos Dip as Investors Digest Grayscale’s Court Win
Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted.