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First Mover Americas: Bitcoin Regains $42K Following Wednesday’s Dip

First Mover Americas: Bitcoin Regains $42K Following Wednesday’s Dip

The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Hybrid crypto exchange Cube reaches $100 million valuation in new funding round

Cube.Exchange, a hybrid crypto trading platform yet to launch publicly, has raised $12 million in a Series A funding round.

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Jupiter registers nearly $1.4 billion in daily volume amid token launch

DEX aggregator Jupiter recorded nearly $1.4 billion in trading volume over the last 24 hours amid the launch of its native token.

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Delegate, LayerZero to launch naming protocol ‘Clusters’ on Ethereum, Solana and other chains

Clusters will be designed to support human readable domain names across multiple blockchains, while relying on LayerZero’s technology.

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Bybit submits license application in Hong Kong

The crypto exchange applied for the license on Wednesday, seeking to operate as a virtual asset trading platform in Hong Kong.

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Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg

The bank released a cryptocurrency custody platform in November.

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Binance Sued by Families of Hamas Victims, Hostages

The plaintiffs, who are also suing Iran and Syria, say the crypto exchange facilitated the financing of Hamas and other terrorist groups between 2017 and 2023.

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Binance launches marketplace for inscription tokens

Binance is taking on its major rival OKX, which introduced similar features earlier this week, to tap the inscriptions market.

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ARK Invest Says Optimal Bitcoin Portfolio Allocation For 2023 Was 19.4%

The optimum allocation is up from 0.5% in 2015 and 6.2% in 2022.

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India Keeps Stiff Taxes on Crypto as Interim-Budget Is Revealed in Election Year

India has not introduced any changes to the controversial tax deducted at source (TDS) affecting the crypto industry.

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