Author: American Coins & Gold

Bitcoin Blasts to K on Coinbase, Could Run Towards K Resistance: LMAX Analyst
The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices.

IBM Introduces New Cold Storage Tech for Crypto Assets
The new Offline Signing Orchestrator tech is being used by IBM’s long standing partner in the crypto space, Ripple-owned custody firm Metaco.

Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too
The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.

House's McHenry Says He Won't Seek Reelection, Costing Crypto a Top Ally
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry’s most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF
Asset manager BlackRock and crypto investment firm Bitwise both filed amended S1 forms with the Securities and Exchange Commission (SEC) on Monday, answering further questions likely asked by the regulator in earlier conversations.

Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson
Johnson clarified that the agency sued the crypto exchange because it “simply failed to comply with regulation.”

Crypto Miner Phoenix Group's Shares Surge 35% in Abu Dhabi Stock Market Debut
The UAE-based company said its initial public offering (IPO) in November was 33-times oversubscribed.

Pyth Oracle Network Brings Industry Heavyweights Into Governance Post-Airdrop
The low-latency oracle network’s new “strategic partners” include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves.

Flowdesk Picked by Forge to Become Marker Marker for Euro-Based Stablecoin
EURCV isn’t the first Euro stablecoin, but it has the institutional backing of Societe Generale, a major European financial institution.

First Mover Americas: BlackRock Received 0K Seed Funding for Its Spot BTC ETF
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.