CoinDesk 20 Performance Update: LTC and BCH Lead as Index Gains 0.4%
Litecoin gained 2.4% while Bitcoin Cash rose 2% in overnight trading.
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First Mover Americas: BTC Little Changed, on Course to End August Down 8%
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.
Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation
In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
U.S.-listed BTC ETFs recorded $71 million in net outflows on Thursday for the third consecutive day, SoSoValue data shows, in a sign of professional funds leaving the market.
Russia Is About to Try Using Crypto to Get Around Sanctions
Russia will begin trialing cross-border crypto payments next week to try to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.
U.S. House Committee Plans for Heap of Crypto Hearings in September
The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission’s oversight of digital assets businesses and the implications of “pig butchering” scams.
Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal
Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his sentence vacated.
Bitcoin Returns to $59K as Bulls Fail to Flip Key Resistance; AI Cryptos Lead Losses
Bitcoin price on Aug. 29 (CoinDesk)
Trump’s New Crypto Business to Offer Access to ‘High-Yield’ Investments, Website Says
World Liberty Financial is “the only crypto DeFi platform supported by Donald J. Trump,” according to homepage metadata.