JPMorgan predicts that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.
Coinbase Cloud added Nethermind and Erigon to its Ethereum staking infrastructure and improve execution client diversity.
Liquid restaking protocol Kelp rolled out the KEP token, offering a tokenized version of EigenLayer reward points.
IOTA’s recently-launched Ecosystem Foundation is making its first series of investments, committing $10 million to to early-stage startups focused on digital trade and tokenization of real world assets (RWAs).
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
MixMob, a web3 racing game backed by investors like Solana Ventures and Arthur Hayes, plans to launch on mobile later this year.
MXM, MixMob’s governance token on the Solana blockchain, operates the MXM Esports League and incentivizes players.
Daily volume also reached the highest levels since the ETFs launched — generating over $7.6 billion in trading yesterday.
The bitcoin price surged briefly above $63,000 in early day trading on Thursday before pulling back into the mid $62,000 range.
The figure represents 2% of the token’s circulating supply, or the number of tokens on the open market.
