Bitcoin’s Realized Price on Cusp of Flashing Major Bullish Signal
Bitcoin’s realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.
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Asymmetry, ‘ETF’ for Liquid Staking Tokens, Raises $3M Round From Ecco Capital, Ankr and Others
The crypto project’s safETH token represents a basket of liquid staking tokens from Lido, Rocketpool and Frax.
Endaoment Expands Web3 Charitable Fundraising Efforts With GlobalGiving Partnership
This partnership has tripled the number of verified charitable organizations willing to accept digital assets.
Red Beard Ventures Closes $25M Funding Round With Animoca Brands, SuperRare
The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.
Justin Sun Says Huobi Founder Li Lin’s Brother Acquired HT Token for Free and Cashed Out
Tron founder blockchain and Huobi stakeholder Justin Sun has lodged a series of accusations against the brother of Huobi founder Li Lin, alleging that he acquired Huobi’s native token (HT) “abnormally” at zero cost and sold it for “huge amounts of cash.”
Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market
As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said.
EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off
The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.
Bitcoin Miner Bitfarms Accelerates 6 EH/s Hashrate Target As Quarterly Loss Per Share Narrows
In Q1 2023, the bitcoin miner’s net loss per share narrowed to 1 cent, from 8 cents the previous quarter.
Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment
The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.
First Mover Americas: Bitcoin Bounces Back From Friday Lows
The latest price moves in bitcoin (BTC) and crypto markets in context for May 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.