By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Publish at: May 31, 2023 at 01:06PM
First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry
Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Earlier this year KuCoin closed a $10 million funding round into CNHC.Publish at: May 31, 2023 at 12:50PM
Find Satoshi Labs Rolls Out AI Tool That Turns Selfies Into NFTs
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain.Publish at: May 31, 2023 at 12:00PM
Bitcoin Recedes to $27K as Fed’s Mester Favors Unabated Tightening
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data “I don’t really see a compelling reason to pause rate hikes,” Fed’s Master said, validating the recent hawkish repricing of interest rate expectations in the U.S.Publish at: May 31, 2023 at 08:26AM
First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.Publish at: May 31, 2023 at 02:03AM
Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.Publish at: May 30, 2023 at 11:55PM
ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.Publish at: May 30, 2023 at 09:37PM
Web3 Payments Firm Transak Raises $20M
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The startup offers on- and off-ramps that could make it easier for new users to interact with Web3 projects.Publish at: May 30, 2023 at 08:15PM
Texas Bill That Would Limit Miners’ Participation in Cost-Saving Grid Programs Stopped in House Committee
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The legislation would have capped the industry’s participation in demand response programs.Publish at: May 30, 2023 at 08:09PM
CoinDesk Turns 10: 2021 – The Year Bitcoin Became Salvadoran
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Publish at: May 30, 2023 at 08:05PM