Author: American Coins & Gold

Ripple's XRP Drops 5% After Executive Is Hacked, Sparking Rumors of Network Breach
Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.

Vibe Check: The Bullish Bounce Back: CoinDesk Indices' Todd Groth
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.

First Mover Americas: BTC Loses K as Crypto Prices Slip
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Former UK Chancellor George Osborne Joins Coinbase as Adviser
Osborne becomes the second former U.K. chancellor to join a crypto firm following his immediate successor, Philip Hammond.

Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management
“The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed,” strategists said, explaining a potential for a decline in risk assets.

Binance Reviews Its Majority Stake in South Korean Crypto Exchange GOPAX
The world’s largest crypto exchange by trading volume acquired a majority stake in GOPAX in February 2023, re-entering a market it had vacated two years previously.

Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year
Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui’s managing director.

UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
The U.K.’s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders.

NFTs Outpaced Ether's Gains in January
Ether prices are set to close the month just over 2% higher, while major NFT indices have gained almost 10%.

Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.