Category: News

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off.

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.

Also: the Democrat gains on Trump but hasn’t closed the gap, unlike in polls; Polymarket punters trade on Olympic women’s boxing controversy; Fed will cut rates fast and hard in September, say bettors.

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.)

DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol.

It depends on what you’re trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.

Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets.

Japan’s Nikkei fell more than another 6% early Monday, bringing that index’s three-day decline to about 15%.