It often seems crypto investors aren’t in alignment with the projects they invest in. Maybe it’s because tokens are changing how venture capital works.
A key MiCA deadline in the European Union is approaching on June 30, impacting the regulation of the crypto market across member states.
The company has also received approval in Dubai, U.K., the Netherlands and Spain.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin is correlating with cautious equity markets ahead of Tuesday’s U.S. CPI report and the Fed’s rate announcement on Wednesday.
Bitcoin OI has increased to over $1.5 billion, yet the price is trading down, leading to warnings of a sudden price correction.
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
The network is ready for its Chang fork and waiting for 70% of operators to install the new node.
Binance Labs has invested an undisclosed sum in Zircuit, an Ethereum L2 network developer that claims to provide sequencer-level security.
