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First Mover Americas: Google Cloud Joins Tezos
The latest price moves in crypto markets in context for Feb. 22, 2023.
Updated Feb 22, 2023, 3:02 p.m. Published Feb 22, 2023, 1:14 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
CoinDesk Market Index (CMI) 1,137 −21.6 ▼ 1.9% Bitcoin $24,197 −443.0 ▼ 1.8% Ethereum $1,648 −29.4 ▼ 1.8% S&P 500 futures 4,014.50 +8.8 ▲ 0.2% FTSE 100 7,905.69 −72.1 ▼ 0.9% Treasury Yield 10 Years 3.96% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
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Transactions on layer 2 rollup Arbitrum surpassed those on Ethereum Tuesday, continuing the speedy growth that network has seen so far in 2023. The number of transactions yesterday of 1,103,398 was up from 159,919 at the start of the year, according to Arbiscan. The Ethereum network had 1,084,290 transactions Monday, according to Etherscan. The boosted activity on Arbitrum may be a result of users expecting a potential airdrop, according to Walter Teng of Fundstrat Global Advisors. There have, however, yet to be any plans made or announcements to this effect.
Developers of the Klaytn blockchain have proposed burning 5.28 billion KLAY tokens, amounting to around 48% of the total supply, worth around $1.65 billion. The Klaytn Foundation has submitted this proposal to its governance council with the aim of helping develop Klaytn into a sustainable decentralized network. The 2 billion tokens that remain will be reserved for use cases and scenarios that help to facilitate deflationary economics for KLAY, with the goal of creating long-term value. Voting on the proposal commences today and will continue until Feb. 28.
Google Cloud is to become a validator on the Tezos network, marking the tech giant’s latest integration with a blockchain network following similar moves with Ethereum and Solana late last year. Corporate customers of Google’s cloud computing service will be able to deploy Tezos nodes in order to build Web3 applications on the network. Integrations of this kind should demonstrate the interest tech giants are taking in blockchain and Web3 projects and may promote confidence of other firms looking to move into the industry.
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- The seven-day moving average of the number of bitcoin addresses in profit has risen to the highest since April. Back then, bitcoin traded at $42,000, or 75% higher than the current market price of $24,000.
- The data is perhaps reflective of investor accumulation at around $20,000 during the height of the bear market in the second half of last year, according to Matrixport's Markus Thielen.
- An address is said to be in profit when the current price of bitcoin is higher than the price at which the address acquired the cryptocurrency.
- Omkar Godbole
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Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Yang perlu diketahui:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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