News
U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap
A New York judge declined to “stretch the federal securities laws to cover the conduct alleged” in a proposed class action complaint seeking to hold Uniswap accountable for “scam tokens” issued on the protocol.
Bitcoin Slides Under $26K, Majors SOL, XRP, DOGE Erase All Weekly Gains
Only tron (TRX) and toncoin (TON) were in the green on Friday, up over 1% each on no immediate catalysts.
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%
With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.
First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Robinhood to Buy Back Sam Bankman-Fried’s Stake for $605.7M
The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.
Traders Are Paying 2,000% to Buy CYBER as Social Network’s Tokens Soar
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers
The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.
SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple Says
Ripple made its case to a federal judge for why the U.S. Securities and Exchange Commission shouldn’t be able to appeal her ruling on its programmatic sales of XRP on Friday.