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Bitcoin Touches 2-Month Low
Bitcoin fell to a two-month low of $26,150 during Asian trading hours Friday, now taking its decline since May 6 to roughly 12%. This comes as CoinDesk's Bitcoin Trend Indicator (BTI), which measures the directional momentum in bitcoin’s price, flipped Thursday from bullish to neutral for the first time in three weeks. Bitwise Crypto Analyst Ryan Rasmussen discusses his crypto markets analysis and outlook.
Early DOGE Backer Says Dogecoin Is the 'Modern Mona Lisa'
CoinDesk is taking a closer look at some of the biggest stories that have shaped the crypto industry in the last decade. Early Dogecoin Backer Gary Lachance joins "First Mover" to discuss the significance of meme coins and why he thinks Dogecoin could be characterized as a "modern Mona Lisa."
IRS Files Claims Worth $44B Against FTX Bankruptcy
The U.S. Internal Revenue Service (IRS) has filed claims worth nearly $44 billion against the estate of Sam Bankman-Fried's bankrupt crypto exchange FTX and its affiliated entities. The largest claims include a $20.4 billion and a $7.9 billion claim against Alameda Research LLC and two claims totaling $9.5 billion against Alameda Research Holdings Inc. CoinDesk's Managing Editor for Global Policy and Regulation Nikhilesh De shares the latest developments.
Early Dogecoin Backer on the Rise of the Meme Economy
CoinDesk is taking a closer look at some of the biggest stories that have shaped the crypto industry in the last decade. Early Dogecoin Backer Gary Lachance joins "First Mover" to discuss the significance of meme coins and why he thinks the future of Doge "will continue to be very bright."
Former CFTC Chair Massad on Tether
Timothy Massad, Kennedy School of Government at Harvard University Research Fellow, Director of the Digital Assets Policy Project and Former CFTC Chairman, discusses his key takeaways from the joint House hearing on digital assets on Wednesday, and his views on Tether.
Former CFTC Chair Massad on Stablecoin Regulation Outlook
Harvard Kennedy School Research Fellow and former CFTC Chair Timothy Massad, a witness at the house joint hearing on digital assets, discusses his outlook on stablecoin legislation.
Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens
Coinbase (COIN) flagged the growth of pepecoin (PEPE) and Bitcoin-based meme coins in its latest newsletter. The crypto exchange said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens. Katie Talati, Arca Head of Research, joins "First Mover" to discuss.
Former CFTC Chair Massad on Takeaways From Joint House Hearing on Digital Assets
House Financial Services Committee chairman Patrick McHenry (R-NC), along with the House Committee on Agriculture chairman Glenn "GT" Thompson (R-PA), led a joint subcommittee hearing on the future of digital assets. Timothy Massad, Harvard Kennedy School Research Fellow and former CFTC Chair, discusses his takeaways from the hearing as a witness and the "skepticism" around formulating clearer crypto legislation in the U.S.
Crypto's Role in the Upcoming Presidential Election for Turkey
Turkey's presidential election is scheduled to take place on May 14, with some media organizations are calling it the most important election of the year. CoinDesk Executive Director of Global Content Emily Parker discusses the role of crypto in this election, referencing the macroeconomic conditions in Turkey.
Bitcoin Below $27.5K Following April PPI Data
Bitcoin is trading below the $27,500 level, as the Producer Price Index for final demand increased 0.2% in April. Arca Head of Research Katie Talati joins "First Mover" to discuss what's driving bitcoin's recent price action and the impact of meme coins on the broader market.