First Mover


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First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

Crypto traders are enjoying their own version of the market’s madness, from bitcoin’s bull run to the collapse of YAM to Dave Portnoy.

Illustration from "The World Turned Upside Down." (Alamy/Photomosh)

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First Mover: Ethereum Faces Inflation Problem as Gas Fees Soar

Ethereum gas prices are soaring, and cryptocurrency traders say it's a reflection of congestion on the blockchain that's now starting to slow down transactions on decentralized exchanges.

Old gas pump

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First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.

Schematic of Aug. 10 stablecoin arbitrage trade using DeFi.  (Etherscan, CoinDesk)

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First Mover: After Falling 65% This Year in Bitcoin Terms, Do 'Stablecoins' Need a Rebranding?

So-called stablecoins have been tanking in bitcoin terms lately. Should we be calling them "crypto-dollars" instead?

Not so stable? (yanik88/Shutterstock)

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First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters)

Bitcoin pushed above $12,000 as President Donald Trump ordered emergency economic aid measures that might just be a precursor to a new spending bill worth trillions of dollars. 

Donald Trump (Joseph Sohm/Shutterstock)

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First Mover: Kyber CEO Predicts 2020 Transactions at $3B as DeFi Token Soars

Kyber Network's KNC token has brought traders eightfold returns this year, dwarfing those for bitcoin and ether. CoinDesk spoke with CEO Loi Luu about the project and the DeFi boom.

Loi Luu, Kyber Network CEO, at CoinDesk Consensus 2018 (CoinDesk archives)

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First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year

Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.

Bitcoin's year-to-date returns versus gold and the S&P 500. (TradingView)

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First Mover: Ethereum’s Transition to Staking Could Push More Traders to Use Derivatives

As Ethereum starts its multiyear transition to a "staking" network, analysts say a reduction in token liquidity may push traders to derivatives markets. 

piles of coins

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First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play

The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin.

Benjamin Franklin

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First Mover: July Was a Runaway Month for Crypto Returns

Crypto traders didn't have to be choosy to make money in July, when every digital asset in the CoinDesk 20 rose (except, of course, for the stablecoins).

The RAF's Red Arrows in formation (Martijn Smeets/Shutterstock)