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Why USDe Holders Should Monitor Ethena's Reserve Fund
CryptoQuant warns that USDe holders should monitor Ethena's reserve fund to avoid risk. In the event of negative funding rates, the firm says Ethena's current reserve fund would only be sustainable if USDe's market cap was below $4 billion. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

JPMorgan Expects Bitcoin to Drop After Halving; New Zealand Starts Digital Cash Consultation
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as a new research report from JPMorgan says the bitcoin price is likely to drop after the halving event. Plus, the launch of digital cash consultation in New Zealand, and the latest from the Mango Markets fraud trial.

Big Tech Comes to Small Town: A Bitcoin Mining Story in Spur
Blockspace Media co-founder William Foxley joins "First Mover" with his latest film "The Big Empty," a documentary that follows the people of Spur, Texas and Galaxy Digital Holdings’ 800-megawatt bitcoin mine that was built in the same town.

What's the Biggest Misconception People Have About Bitcoin Mining?
Blockspace Media co-founder William Foxley answers five rapid-fire questions, including a summary of his documentary film "The Big Empty," why he is excited about Gridless Compute's work in Africa, and the biggest misconception people have about mining.

Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?
Strix Leviathan Chief Investment Officer Nico Cordeiro weighs in on the recent correction across the crypto market and his outlook on bitcoin (BTC) and ether's (ETH) price movements. Plus, how macroeconomic conditions and the Federal Reserve's decisions could impact the overall crypto market.

Crypto Fee War Intensifies in South Korea
According to Kaiko data, Upbit has been the dominant player in the South Korean crypto markets since 2021 with an average market share of 82%. Since exchanges started promoting their zero-fee campaigns, competition has intensified during the recent bull run. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Traders Bet on Ether's Drop; Sen. Lummis, Gillibrand Take on Stablecoin Legislation, Again
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as crypto investors are betting that ether (ETH) will drop in value over the next three months. Plus, the upcoming launch of Casey Rodarmor's Runes protocol, and a new stablecoin bill from U.S. Senators Cynthia Lummis and Kirsten Gillibrand.

Crypto: The Game Is 'Cutthroat': Founder
Crypto: The Game founder and creator Dylan Abruscato answers five rapid-fire questions from CoinDesk, including takeaways from playing Crypto: The Game, Abruscato's crypto genesis story, and his excitement around on-chain social.

Crypto: The Game Is Web3 Meets Reality TV, Founder Says
Crypto: The Game founder and creator Dylan Abruscato joins "First Mover" to discuss gameplay details and how the idea came to fruition. Plus, insights into the community-driven nature of the game.

Spot Crypto ETFs in Hong Kong Have 'Strong Attachments' to China: OSL Exec
OSL Executive Director and Head of Regulatory Affairs Gary Tiu discusses the ties between spot crypto ETF products in Hong Kong and the Chinese market. Plus, what the connection means for Hong Kong's "unique place within...the map of China," Tiu said.
