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First Mover Americas: Binance’s Waning Market Share

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Author: Lyllah Ledesma, Omkar Godbole

FTX Disputes IRS’s ‘Alice in Wonderland’ Tax Claim

The U.S. government’s claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.

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Author: Amitoj Singh

Aptos unlocks nearly 25 million APT tokens, worth over $200 million

Layer 1 blockchain Aptos unlocked 24.8 million APT tokens today — worth over $200 million and representing 8.9% of its circulating supply.

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Author: James Hunt

Cathie Wood’s ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares

Digital asset manager Grayscale’s bitcoin investment vehicle’s shares fell 8.6% Monday, reflecting the day’s 5.8% drop in bitcoin.

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Author: Jamie Crawley

Synthetix to end SNX token inflation, shift focus to buybacks and burns

Cecentralized synthetic asset protocol Synthetix approved governance proposal SIP-2043, aimed at terminating SNX token inflation.

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Author: Vishal Chawla

China to Verify Citizens’ Identities With New Blockchain-Based Platform

The announcement follows a government rule change to require social media influencers to display their real names.

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Author: Sam Reynolds

World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador

The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele suggest.

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Author: Shaurya Malwa

Bitcoin, Ether Drop Spurs $500M in Liquidations, But BTC Entering “Never Seen Before” Era

“Due to the rise of Ordinals and Bitcoin L2s, there are reasons to be bullish on the Bitcoin ecosystem. We are entering an era of Bitcoin that we have never seen before,” one market watcher told CoinDesk.

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Author: Shaurya Malwa

Presidential hopefuls discuss Tornado Cash and pending legislation during Stand With Crypto event

In a relatively rare move, U.S. presidential candidates got into the nitty gritty over crypto-related issues on Monday.

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Author: Sarah Wynn

Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts

Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.

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Author: Krisztian Sandor


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