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First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Solana’s Second Phone Crosses 100,000 Presales, Securing $45M for Development

Solana Mobile’s “chapter 2” smartphone could ship in early 2025.

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Polygon Labs wants to help convert EVM blockchains into validiums via ‘type 1 prover’

Polygon introduced the type 1 prover, enabling EVM chains to adopt zero-knowledge scaling technology.

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Bitcoin ‘not at all’ a substitute or complement to fiat, says New Zealand central banker

Adrian Orr, the governor of the Reserve Bank of New Zealand, doesn’t appear to be a fan of digital currencies, including bitcoin and stablecoins.

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Ethereum transaction uptick sees network gas fees hit multi-month high

Ethereum transaction volume has increased since the beginning of February, with network gas fees now at a multi-month high.

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ERC-404 token prices dip as rival implementation approaches

The prices of various ERC-404 tokens have dropped after Pandora reached a peak $324 million market cap.

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Philippines Rules Out Blockchain for Wholesale CBDC Seen Likely by 2026: Report

The country’s central bank does not plan on issuing a retail version of the digital currency.

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Farcaster revenue hits $600,000 during protocol’s second wave of attention

Farcaster has overtaken FriendTech in weekly revenue as it faces its first big test in creating a sustainable system.

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Bitcoin ‘Stronger’ Ahead of Halving: Grayscale

A slew of newer features means bitcoin is “evolving into something even more” than merely digital gold, a core investment thesis.

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Ethereum Validator Entry Queue Signals Renewed Interest in Staking

The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to data source ValidatorQueue.

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