Category: News

Forget the Federal Reserve. The Bitcoin and crypto project news flow is ample (and fascinating) enough to keep us busy. We’ve got the rundown plus $80M of fundraisings. In CoinDesk’s weekly newsletter on blockchain tech.

In an interview with CoinDesk’s Markets Daily, BitMEX co-founder and Maelstrom CIO Arthur Hayes discusses the impact of the Fed cut, how he sees the crypto markets shaping out this year, and why he’s investing in Bitcoin Ordinals and inscriptions.

The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing.

The Wall Street ratings agency’s first-ever report about the sector underscores the increased attention towards DePIN apps.

Web3 industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolisation of the Artificial Intelligence (AI) industry, the chair of DAIS, Michael Casey told CoinDesk in an interview on the sidelines of Token 2049 on Tuesday.

Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the “market’s status, amongst other” aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday.

BitGo says USDS is an “open participation” stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.

Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket

Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d’Haussy said.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.