FM Clip

The SEC has started talks with Grayscale on the details of the company's application to convert its trust product GBTC to a spot bitcoin ETF, according to a CoinDesk source. Hashnote CEO Leo Mizuhara shares his reaction, as bitcoin (BTC) crosses $37,000, its highest level in more than 18 months. Grayscale and CoinDesk are both owned by DCG.

9 nov 2023

As part of CoinDesk's Trading Week 2023, presented by CME Group, Injective Labs co-founder and CEO Eric Chen discusses a new Injective survey which indicates a small amount of respondents weren't able to tell if they were operating on a centralized or decentralized exchange. "For a lot of DeFi projects, the goal is for the users to have such a smooth onboarding experience," Chen said.

8 nov 2023

Bitcoin (BTC) inched closer to $36,000 in the last 24 hours, as the widening altcoin rally and risk-on sentiment in traditional markets lifted the total value of the crypto markets to a 16-month high. André Dragosch, who was recently appointed as head of research at ETC Group, discusses his crypto markets outlook.

8 nov 2023

CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De explains what a new proposal published by the U.S. Consumer Financial Protection Bureau (CFPB) could mean for large nonbank payment providers, like PayPal or Jack Dorsey's Block. Plus, whether the proposed rule could impact bitcoin and other types of cryptocurrencies.

8 nov 2023

The U.S. Consumer Financial Protection Bureau (CFPB) wants to expand its oversight to cover nonbank payment providers and some subsectors of crypto transactions. While the proposal doesn't explicitly name these companies, footnotes reference Venmo (owned by PayPal) and Cash App (owned by Block) as examples of person-to-person payment apps that a majority of Americans have used. CoinDesk managing editor of global policy and regulation Nikhilesh De weighs in.

8 nov 2023

As part of CoinDesk's Trading Week 2023, presented by CME Group, Injective Labs co-founder and CEO Eric Chen joins "First Mover" to share insights into some of the strategies for DeFi traders, including 64% saying they trade on both a centralized and decentralized exchange. Injective says the data was collected from hundreds of traders contacted via multiple channels. After the preliminary data verification, answers were included from 224 qualified respondents.

8 nov 2023

Ethereum research and development firm =nil; Foundation says its new Ethereum rollup will be the first ZK rollup that enables sharding. =nil; Foundation CEO and co-founder Misha Komarov discusses what this means for the Ethereum community and the broader blockchain ecosystem.  

8 nov 2023

The Information reports that OpenSea's valuation has been slashed by 90% from asset manager Coatue Management. This comes as Decrypt reports the NFT marketplace faced a workforce reduction of roughly 50% earlier this month. On Nov. 3, OpenSea CEO Devin Finzer posted on X in part, "These sorts of changes are never easy. We’re incredibly thankful to those teammates that are departing today."

8 nov 2023

As part of CoinDesk's Trading Week 2023, sponsored by CME Group, CoinDesk Markets Team co-managing editor Omkar Godbole joins "First Mover" to discuss a chart from Tom McClellan, the editor at The McClellan Market Report, which shows total open interest in bitcoin futures has spiked. Spikes in open interest have historically marked trend changes.

7 nov 2023

Two U.K. financial watchdogs, the Bank of England (BOE) and the Financial Conduct Authority (FCA), have published their plans to regulate stablecoins. Clifford Chance LLP senior associate Laura Douglas discusses the significance of the proposals that aim to a clearer regulatory framework in the U.K. and the previous challenges the country has faced regarding stablecoin rules.

7 nov 2023