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Wave Digital Assets CEO on Crypto Markets Outlook
Crypto investment funds had net outflows for the first time in six weeks last week, totaling $30 million, according to CoinShares data. Wave Digital Assets CEO David Siemer joins "First Mover" to discuss his crypto markets analysis as bitcoin (BTC) remains below $27,500.
What to Expect at Consensus 2023
Crypto is down but not out. The industry that took a beating last year is set to make its first major public showing of 2023 at Consensus, CoinDesk’s annual conference. Head of CoinDesk Studios and host of CoinDesk's Gen C podcast, Sam Ewen, joins "First Mover" to discuss what is coming up this week in Austin, Texas.
Coinbase Asks for Court to Force SEC Response to 2022 Rulemaking Petition
Coinbase (COIN), the largest U.S.-based crypto exchange, has asked a federal court to force the U.S. Securities and Exchange Commission (SEC) to respond to a petition filed last year asking for formal rulemaking for digital assets. CoinDesk’s regulatory reporter Jack Schickler joins “First Mover” to discuss.
Crypto Investment Funds Have First Week of Outflows in 6 Weeks
Digital asset investment funds had net outflows for the first time in six weeks last week, totaling $30 million, suggesting profit-taking, according to CoinShares. CoinDesk Contributor Lawerece Lewitinn presents “The Chart of the Day.”
Rep. McHenry on Future of Crypto Regulation
Republicans on the House Financial Services Committee are taking another shot at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joins "First Mover" to discuss his outlook for regulating stablecoins and the broader digital asset industry. Plus, his take on SEC Chair Gary Gensler's approach to consumer protection and the Europe's landmark Markets in Crypto Assets (MiCA) framework.
Crypto Trade Mixed as Weekly Losses Pile Up
Cryptocurrencies dipped across the board over the weekend as bitcoin (BTC) hovers around $27,300 and ether (ETH) reverses its gains from the Shanghai upgrade. Those market updates and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Do Kwon Disputes SEC Securities Fraud Charges in New Filing
In a 47-page document, lawyers for Do Kwon, the founder of collapsed crypto issuer Terraform Labs, have requested a U.S. court to dismiss charges made against him by the U.S. Securities and Exchange Commission (SEC). In part because of the lack of jurisdiction, the court filings filed Friday show.
Bitcoin Notches Biggest Weekly Loss in 5 Months
Bitcoin (BTC) faced selling pressure in the week ended Sunday as bond yields rose and the U.S. dollar liquidity declined. The largest cryptocurrency by market capitalization posted its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note rose by six basis points to 3.58%, its second-straight weekly gain, denting the appeal of risky assets, including cryptocurrencies. CoinDesk Contributing Editor-at-Large Zack Seward presents “The Chart of The Day.”
Zimbabwe to Introduce Gold-Backed Digital Currency: Report
The Reserve Bank of Zimbabwe, or RBZ, plans to introduce a gold-backed digital currency as legal tender to help stabilize the local currency, the Zim dollar, according to reporting by the Sunday Mail. “The Hash” panel discusses what this could mean for the future of money in Zimbabwe and the debate over central bank digital currencies.
Judge Rules in Favor of Yuga Labs Over Bored Ape Yacht Club NFT Copycats
Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, received a legal victory in the form of a partial summary judgment in its copyright case against Ryder Ripps and Jeremy Cahen who are the creators behind RR/BAYC. “The Hash” discusses various opinions about this lawsuit and what it could mean for satirical NFTs in the future.
