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Bitcoin Slumps Back Towards $27K as Fed's Mester Favors Unabated Tightening
Bitcoin (BTC) ran into selling pressure after a top Federal Reserve official said there is no compelling case to halt the liquidity tightening. CoinRoutes CEO and co-founder Dave Weisberger shares his crypto markets analysis as the House is slated to vote on a debt ceiling bill.
Rep. Davidson on Debt Ceiling Outlook, State of Crypto Regulation
The U.S. debt limit deal is approaching a vote in the House, after passing a key test on Tuesday. Rep. Warren Davidson (R-Ohio) joins "First Mover" to discuss the potential impact of the deal and his outlook on crypto regulation in the U.S.
Nvidia Joins $1 Trillion Club Amid AI Boom
Nvidia's (NVDA) stock is climbing, following the company's latest earnings report. The chipmaker's market capitalization has even surpassed $1 trillion, outpacing companies like Meta and Tesla, according to data from Yahoo Finance. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Bitcoin Mining Difficulty Poised To Set New All-Time High This Week
The bitcoin mining difficulty, a measure of how easily miners can discover a block of bitcoin, is set to surpass the 50T mark on Wednesday, setting a new all-time high. Meantime, stablecoin issuer Tether has invested in an energy production and sustainable bitcoin mining facility in Uruguay. "The Hash" panel discusses their outlook for the bitcoin mining community.
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal: Prosecutors
Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are valid, prosecutors said in court filings from Monday. "The Hash" panel discusses the latest in the FTX bankruptcy case.
Indian Crypto Exchanges in Survival Mode Amid Crypto Winter
Indian crypto exchanges are in survival mode, cutting costs wherever possible, re-negotiating partner contracts, suspending employee pay-hikes, conducting lay-offs, exploring new revenue models and rebranding themselves, all in an effort to extend their financial runways. "The Hash" panel discusses the ongoing fallout of crypto winter and the implications for India's state of crypto.
Gemini and Genesis Ask U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program
Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and Exchange Commission alleging the two sold unregistered securities, court filings from Friday show. Genesis and CoinDesk are owned by the Digital Currency Group (DCG). Separately, a new Bloomberg report takes a closer look at the future of crypto exchange Gemini under the leadership of billionaires Tyler and Cameron Winklevoss.
LabDAO Co-Founder on Future of Decentralizing Drug Discoveries
LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round co-led by Inflection.xyz and Village Global. LabDAO co-founder Niklas Rindtorff discusses the latest funding round and his outlook on advancing decentralized science. Plus, the role of artificial intelligence in research and the launch of LabDAO's PLEX software platform.
How the Crypto Market Is Reacting to Debt Ceiling Developments
President Joe Biden and House Speaker Kevin McCarthy are looking to extend the debt limit through 2025 and include some moderate federal spending cuts. "First Mover" hosts discuss the latest developments surrounding the U.S. debt ceiling and what it means for the crypto markets.
MicroStrategy Represents Attractive Alternative to Coinbase: Berenberg
Berenberg said in a report that MicroStrategy (MSTR) represents an attractive alternative to Coinbase (COIN) for investors looking to gain exposure to the cryptocurrency sector. Mark Palmer, equity research analyst at investment bank Berenberg, joins "First Mover" to break down the key takeaways.
