First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail

Good morning. Here’s what’s happening: Prices: Bitcoin was holding steady just below $30,000. Insights: The sad saga of Sam Bankman-Fried continues with a judge on Friday revoking the former FTX CEO’s bail. CoinDesk columnist David Morris explained why the decision was almost inevitable. Update: Judge Lewis Kaplan has now revoked Sam Bankman-Fried’s bail and returned […]

First Mover Asia: Bitcoin Is CPI Resistant

Good morning. Here’s what’s happening: Prices: Bitcoin and ether are opening flat in Asia trading, seemingly unaffected by Thursday’s Consumer Price Index numbers. Insights: Coinbase (COIN) recently likened cryptocurrencies to Beanie Babies, questioning their future in finance. Meanwhile, analysts project that real-world asset tokenization could become a $5 trillion industry, but warn that without specific […]