The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The hope of crypto enthusiasts weary of industry pushback from Sen. Elizabeth Warren (D-Mass.) remains alive after the crypto sector’s top candidate, lawyer John Deaton, won the Republican primary in Massachusetts and a chance to face Warren in the general election.
The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.
The SEC’s Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of “Creators Take Control.”
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.