The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Binance, KuCoin Win Registration With India’s Financial Intelligence Unit
KuCoin has paid a fine of $41,000 and Binance’s financial penalty is still to be determined after a hearing with India’s FIU.
Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats
The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates, said Chief Strategist Nick Carr.
Dogecoin Appears Headed for a ‘Golden Cross’
A DOGE price pattern that presaged the early 2021 surge looks set to recur.
Kraken Asks Court to Dismiss SEC Claims to Avoid ‘Significant Reordering’ of U.S. Financial Structure
Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a “significant reordering” of the U.S. financial regulatory structure, according to court filings submitted in the Northern District of California on Thursday.
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Russia’s election results which have handed Vladimir Putin a fifth term as Russian president.
EigenLayer’s EIGEN Airdrop Might Signal Demise of Once-Popular ‘Points’
EIGEN’s airdrop comes after a wave of criticism of its distribution plan and points program.
Sexual Misconduct Allegations Lead Founder of Ethereum Layer-2 Chain ‘Eclipse’ to Step Back
Neel Somani, founder of Eclipse, which builds a layer-2 blockchain for Ethereum, said sexual misconduct allegations circulating against him on X were “false.”
Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges
TK
How the U.S. Should Regulate Stablecoins
To properly regulate stablecoins in the U.S., look at e-money abroad, says Marcelo Prates, a speaker at Consensus 2024.