The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Shares of Toyota rose after the company announced next-generation batteries for its electric vehicles and other company plans. Toyota Motor Corp (TYO: 7203) shares rose more than 5% on the Tokyo stock exchange on Tuesday following the company’s EV announcement. Toyota has confirmed that in 2026 it will launch a range of electric vehicles equipped with next-generation batteries. As of press time, the company’s stock is at ￥2,174 after adding ￥105 from its previous close of ￥2,069. The stock has climbed over 6% in the last 5 days, 13% in…
The Hong Kong Monetary Authority has completed a public consultation on stablecoin regulations with an aim to introduce clear regulatory guidelines around the stablecoin market by the end of 2024. Joseph Chan Ho-Lim, deputy director of the Hong Kong Financial Services and Treasury Bureau, said that over the past five years, Hong Kong has emerged as a growing destination for fintech firms. Chan added that the Hong Kong authorities are actively working to promote the Web 3 ecosystem with a focus on investor protection. Hong Kong started its stablecoin regulations…
The release of the Hinman documents comes amid rising legal pressure on Binance and Coinbase. With only a day until the highly anticipated release of the Hinman documents, Ripple Labs Inc CEO Brad Garlinghouse has sparked even more interest by claiming that the contents will be “well worth the wait”. The CEO’s statement is in response to a question raised by popular crypto YouTuber Jungle Inc on Twitter, about his thoughts ahead of the release of the “Hinman documents”. The Hinman documents, named after William Hinman, the former Director of…
“We add in our own datasets and signals,” he said in an interview with CryptoX. “When looking at [the] bitcoin price the day after the last 10 Fed rate announcements, I can then ask what else impacts the price. So that could be indicators of social sentiment around bitcoin and whale transactions over $100,000, for example.” Source AnalyzeBTCchainChatGPTDemandEffectFedPriceRateRidesWave CryptoX Portal
“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government’s position,” Griffith said. “The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how to protect consumers.” Source
Decentralized finance (DeFi) platform Sturdy Finance has offered a $100,000 bounty to the hacker that exploited the protocol. The lending platform said that its team won’t pursue the issue further if the attacker accepts the offer. On June 12, the DeFi platform suffered a loss of almost $800,000 in digital assets when an attacker exploited vulnerabilities within the platform. Security firms pinpointed that the cause of the exploit was a faulty price oracle and the hack was carried out through a reentrancy attack. In response, the platform paused all markets…
The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart. On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of the DAO’s leadership. This showed salaries ranging from $7,000 per month to $75,000 per month, sums that shocked some community members and prompted a slew of inquiries from several. creating an org chart: $7k /…
Some technical analysts, however, say the signal is undermined by other factors, and macroeconomic events such as the U.S. inflation figure due today and Wednesday’s Federal Reserve decision will also influence bitcoin price performance. Still, the signal comes after BTC’s 16% decline from highs around $31,000 registered two months ago, raising questions about the sustainability of the bull revival witnessed early this year. Source AnalysisbearishBTCCryptoFlipsIndicatorPriceScaringTechnicalTwitter CryptoX Portal
A Ugandan Bitcoiner embarked on a community-funded trip from East Africa to Central Europe after winning tickets to BTC Prague for his adoption-driving efforts in his home country. Brindon Mwiine, the founder of Ugandan-based Bitcoin (BTC) platform Gorilla Sats, set off on a whirlwind journey from Uganda’s capital Kampala to the heart of Europe on the back of a Twitter competition he never thought he would win. I still don’t believe it Thank you to everyone who voted and contributed to my Fundraising. I made it to @BtcPrague Special Thanks…