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Binance Resumes Bitcoin Withdrawals as Bitcoin Blockchain Fees Jump

Binance resumed bitcoin withdrawals after a second pause, as the Bitcoin network suffers from congestion. This comes as fee rates on the bitcoin blockchain surged to a 2-year high after Taproot enabled inscriptions and BRC-20 to take up coveted block space. Sam Reynolds, CoinDesk Senior Markets Reporter for Asia, breaks down this developing story.

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Bitcoin Little-Changed as U.S. Adds 253K Jobs in April

The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a report from the Bureau of Labor Statistics (BLS). CoinDesk Senior Markets Reporter of Asia Sam Reynolds explains how to interpret this latest economic data amid lingering inflation concerns and recent turmoil in the banking sector.

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Cathie Wood's ARK Invest Buys More Coinbase Shares for Second Straight Day

Cathie Wood's ARK Invest bought $12.6 million of Coinbase (COIN) shares on Friday, the second straight day the fund purchased the crypto exchange's stock after the company received a Wells Notice from the SEC. CoinDesk Senior Markets Reporter for Asia, Sam Reynolds, discusses Cathie Wood’s latest investments.

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Bitcoin Might Test $20K as It Looks for Support

Bitcoin (BTC) dipped below $22,000 and the token is making an "underside test" that will determine if BTC will reclaim the $23,000 mark or fall to $20,000 "rather quickly," according to Bitbull Capital's Joe DiPasquale, telling CoinDesk's Sam Reynolds. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."

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