Bitcoin Dips to $42.4K as Fed’s Powell Pours Cold Water on March Rate Cut
“The market has gotten ahead of itself on the rates side,” said one analyst.
Financial
Financial
The Protocol: Bitcoin NFT Debacle, Vitalik’s 30th, Farcaster Frames, ‘Private Mempools’
In this week’s issue of The Protocol newsletter, our Sam Kessler writes about the “private mempools” that Ethereum users are increasingly relying on to avoid front-running MEV bots. PLUS: Margaux Nijkerk explores the growing use of “councils” to oversee adolescent networks.
Financial
CoinDesk Brings Back ‘Microcosms’ NFT Consensus Ticket
Minting is live for the 1,000-run collection, whose additional perks will let holders get the most out of Consensus 2024 in Austin, Texas.
Financial
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
Financial
Crypto Market Maker GSR Appoints Former JPMorgan Executive as Head of Trading
The new hire happens as digital asset markets are maturing and have become increasingly intertwined with traditional finance.
Financial
CoinDesk Mothballs DESK Reward Token Program
It was an experiment in driving community engagement, and we’re leaving the door open to relaunching DESK or something similar in the future.
Financial
Jupiter’s JUP Token Soars After Massive $700M Airdrop to Solana Wallets
Validators called the airdrop a success. “Surprisingly, nothing notable” broke, one operator said.
Financial
From Speculation to Fundamentals: A New Paradigm for Crypto Markets
New markets take time to mature and crypto is no different. The next stage will see more attention given to fundamental metrics and better veri will drive the change, says Michael Nadeau, founder of The DeFi Report.
Financial
How the Launch of Spot ETFs Could Dampen Bitcoin’s Volatility
The approval of a wave of bitcoin exchange-traded funds will lead to a more mature market structure, say Vivek Chauhan and David Lawant, of FalconX.
Financial
FTX Expects to Fully Repay Customers but Won’t Restart Defunct Crypto Exchange
Its FTT token surged about 11% after the news.