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Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy

CORRECTION: Since publication, the reporting and headline has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.

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Bitcoin Is Trading With the Markets Right Now ‘for Better or for Worse,’ Expert Says

Bitcoin (BTC) is holding its ground at $20,000 despite concerns of rising layoffs and OPEC oil cuts. Dan Weiskopf of Tidal Financial Group joins “First Mover” with his outlook on the broader crypto market. Plus, the importance of diversification in the mining space and the challenges miners are facing.

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Pro-Russian Groups Raise $400K in Crypto To Support Russian Paramilitary: TRM Labs

The EU has confirmed a sweeping ban on providing crypto services to Russians as it tightens sanctions, but TRM Labs says $400K has been raised in crypto since February for Russian paramilitary operations in Ukraine. TRM Labs Head of Legal and Government Affairs Ari Redbord discusses the key takeaways from the research.

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South Korea To Invalidate Terra Founder Do Kwon’s Passport

CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million. CoinDesk's Nikhilesh De also discusses the latest developments surrounding South Korean officials announcing it would invalidate Terra creator Do Kwon's passport.

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Web3 Gaming a Long Way From Mainstream Adoption: Survey

A study from Coda Labs shows only 3% of gamers own a non-fungible token (NFT) and generally don’t have positive feelings about crypto. Michael Wagner, CEO of Solana-based NFT game Star Atlas, discusses the state of Web3 gaming and the traditional gamer community.

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Bitcoin Hovers Around $20K as US Stock Futures Drop After 2 Days of Big Gains

Bitcoin (BTC) is hovering around $20,000 as investors grow optimistic about a Fed pivot narrative. Wave Financial Managing Director Nauman Sheikh says investors are “coming up with innovative ways to generate yield” in this flat market.

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‘Very Little Deal Risk’ on Musk Closing Twitter Acquisition: Analyst

Elon Musk is reviving his deal to buy Twitter at $54.20 a share. CFRA Senior Equity Analyst Angelo Zino says “it’s pretty much a done deal” and expects the planned acquisition to be finalized “over the next couple of weeks.”

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CFTC Commissioner Mersinger ‘Cannot Support’ Agency’s Approach in Ooki DAO Case

CFTC Commissioner Summer K. Mersinger expressed her dissent over the agency’s action against Ooki DAO, noting in a press release that “we cannot arbitrarily decide who is accountable for those violations based on an unsupported legal theory amounting to regulation by enforcement while federal and state policy is developing.” She joins “First Mover” to discuss.

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CFTC Commissioner Prefers Legislative Action Over Regulatory Ambiguity Around New Technology

"I would prefer to have a legislative body act" when it comes to regulatory ambiguity related to new technology, CFTC Commissioner Summer K. Mersinger tells "First Mover."

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South Korean Prosecutors Reportedly Froze $39.6M of Crypto Tied To Do Kwon

Prosecutors in South Korea have frozen $39.66 million of cryptocurrency assets belonging to Terraform Labs CEO Do Kwon, according to Korean media outlet News1. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report and Do Kwon's response on Twitter.

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