Coinbase Shares Are ‘Uninvestable’ in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55.
Markets
First Mover Americas: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Research Shows Majority of Pepe Investors Caught in High-Stakes Game of Musical Chairs
The majority of investors did not stand to gain from Pepecoin’s herculean rise, indicating a limited window for potential gains.
Coinbase Shares Slump After SEC Files Suit Against Company
Coinbase’s stock (COIN) took a major hit on Tuesday after the company was sued by the U.S. Securities and Exchange Commission (SEC) on allegations of violating federal securities law.
First Mover Americas: Is Bitcoin Heading Below $26K?
The latest price moves in bitcoin (BTC) and crypto markets in context for June 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days
The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.
Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
Ether and other major cryptos spent much of the day in positive territory.
Binance Market Share Drops to Lowest Level Since October
The exchange remains the largest cryptocurrency exchange by trading volume.
First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.