digital assets
What Global Money Supply Means for Crypto Prices
A chart from Refinitiv Datastream on M2 and total crypto market cap shows how liquidity could affect the net demand for digital assets. If the current rally since March 11 can be trusted, crypto is predicting that central banks may have to keep printing more cash to avoid another financial crisis following recent bank failures. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."

IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. "The Hash" panel discusses the proposal and the future of crypto taxes.

Bitcoin Touches 3-Week Low as Market Sees Federal Reserve Lifting Rates to 5.65%
Bitcoin fell to a three-week low earlier Wednesday, as U.S. Federal Reserve Chairman Jerome Powell's hawkish testimony to Congress spurred traders to price in a higher "terminal rate." The Digital Economy Initiative Advisory Council Member Martha Reyes discusses the impact of the central bank leader's speech on digital assets and the outlook on the dragging battle against inflation.

Digital Assets Outperforming Traditional Markets in 2023: Data
CoinDesk Indices data reveals that digital assets are beating traditional markets so far in 2023. CoinDesk Indices Managing Director Jodie Gunzberg joins “First Mover” to discuss. Plus, Gunzberg breaks down why computing and DeFi delivered double-digit gains last month.

11,301 BTC Added to Global Bitcoin Investment Products in January
ByteTree data shows bitcoin ETPs are winning big with inflows, with 11,301 BTC added in January. ETC Group co-CEO Bradley Duke discusses the reasons behind the increasing inflows and his outlook on institutional interest in digital assets.

Custodia Bank CEO on Washington’s 'Misguided' Crypto Crackdown
In a recent blog post, Custodia Bank Founder and CEO Caitlin Long shares her concerns about the politics of digital assets on Capitol Hill. Long wrote in part, "Washington’s misguided crackdown will only push risks into the shadows, leaving regulators to play whack-a-mole as the risks continuously pop up in unexpected places."

Bitcoin Touches Highest Level Since August
Bitcoin (BTC) is trading around $24,400, after touching its highest level since August. Digital Asset Strategist Joe Orsini joins "First Mover" to discuss the catalysts behind bitcoin's recent rally and whether the largest cryptocurrency by market capitalization could double in value in the coming months. Plus, the other trends he is watching in the digital assets space.

SEC's Proposed Rule Change Could Block Investment Advisers From Keeping Assets at Crypto Firms
The U.S. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to go outside the crypto industry to store digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector. "The Hash" panel discusses the proposal and the potential repercussions amid increased regulatory action from the SEC.

Bitcoin Above $22K 'Remarkable' Sign of Resilience: ProChain Capital President
Bitcoin (BTC) remains above $22,000 despite increased regulatory pressure on the industry after Kraken's $30 million SEC settlement and Paxos receiving a Wells Notice. ProChain Capital President David D. Tawil shares insights into BTC's resilience amid macro headwinds and the impact of CPI data. Plus, takeaways from Tuesday's Senate Banking Committee hearing on safeguarding financial digital assets.

Conflux Token Spikes 60% After Integrating China’s Version of Instagram
Conflux, the native token of the layer 1 Conflux blockchain, soared by 60.25% on Thursday after it announced it had integrated Little Red Book, China's version of Instagram. Conflux received a $5 million research grant from Shanghai's government in 2021. "The Hash" hosts discuss the cultural contexts, lack of clarity and changes in China's policy towards digital assets.
