Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
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Crypto Payments Firm BCB Group Has Received Takeover Interest: Sources
The company received takeover interest from a potential investor while conducting a Series B funding round.
French President Macron Names Michel Barnier as Prime Minister
The 73-year-old Barnier represented the European Union in the Brexit negotiations with the U.K.
CoinDesk 20 Performance Update: Heavy Losses in APT and MATIC Lead the Index Lower
Aptos fell 5.1% while Polygon dropped 4.1% as the Coindesk 20 trends downward.
EigenLayer to Distribute 86M Tokens to Stakers, Node Operators
Restaking protocol EigenLayer said it will distribute 86 million EIGEN tokens, around 5% of the total supply, to stakers, node operators, ecosystem partners and community members.
First Mover Americas: BTC Erases Gains From Wednesday’s Brief Rally
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Retraces Below $57K as ‘Sell-on-Rise’ Action Continues
Crypto weakness may be a red flag for traditional risk assets, one analyst said.
Blockstream Mining Raises Fresh Round of Note That Offers Exposure to Bitcoin Hashrate
The EU-compliant security token gives investors exposure to the hashrate over a four year period.
Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk
The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ETH ETFs, according to CCData.
Robinhood’s Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California
Robinhood’s crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California.