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First Mover Americas: SEC Sues Kraken; Binance Faces $4B Settlement

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 21, 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

Blur founder’s Ethereum Layer 2 Blast goes live in early access after $20 million raise

Blast claims to offer native Layer 2 yield generation for ether and stablecoins and has attracted over $30 million in bridged assets so far.

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Author: James Hunt

A DAO is funding a lawsuit against its own founding team

The Aragon DAO has voted through a plan to sue its own founding team to go after funds reportedly taken by the Aragon team.

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Author: Tim Copeland

Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed

Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.

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Author: Jamie Crawley

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America

AI has the potential to improve productivity and enhance bank returns, the report said.

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Author: Will Canny

Fed Minutes Release May Be a Non-Event for Bitcoin

The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024.

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Author: Omkar Godbole

Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains

Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.

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Author: Shaurya Malwa

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

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Author: Jamie Crawley

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures

The country hopes to align local requirements with those proposed by international banking regulators.

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Author: Sandali Handagama

Crypto Exchange Bittrex Global to Shut Down

All trading on the platform will be disabled on Dec. 4, several months after Bittrex’s U.S. arm filed for bankruptcy and stopped operations.

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Author: Sandali Handagama


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