The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 3, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Grayscale Securities, a new broker-deal division, will handle selling shares of the company’s crypto trust products, taking over a function previously provided by fellow Digital Currency Group subsidiary Genesis Global Trading.
Increased crypto regulation could drive users to decentralized platforms, the bank said.
Kardashian also agreed not to promote any cryptocurrencies for three years.
Bitcoin investment company NYDIG has promoted executives Tejas Shah and Nate Conrad to be its new CEO and president respectively.
Prominent crypto commentators say they’re worried bitcoin’s price consolidation indicates a deeper slide is coming, just as it did four years ago.
CoinDesk: Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
CoinDesk: First Mover Asia: Bitcoin Sees No October Rise Yet; the Dollar as the Protocol in the Future of Money?
The largest crypto by market capitalization was down slightly in the opening days of the historically strong month for its price.
CoinDesk: Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July.
The exchange says the issue has been identified and it is working towards a solution.