Markets Daily Crypto Roundup
Tune in as CoinDesk Editor Adam B. Levine and Associate Producer Adrian Blust run down daily action in crypto markets and some of the most important recent industry developments.
Featured Story | DeSantis and the Growing Culture War Around Bitcoin

It's no surprise that cryptocurrency issues are becoming politically polarized in familiar ways, according to CoinDesk's story recently about a Bitcoin mining facility in Upstate New York.
A Featured Story:
Is an opinion piece by Daniel Kuhn CoinDesk’s Deputy Managing Editor for Consensus Magazine, titled: DeSantis and the Growing Culture War Around Bitcoin.
On today's show, we are taking a look at the growing gap between reality and political narrative as over time, that narrative has gotten a little more complicated.
Th...
Featured Story | Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?

A number of companies, including Strike, Coinbase, and others, have indicated that they may leave the United States due to regulatory pressure. It is possible, however, that those threats are empty.
A Featured Story:
Is an opinion piece by David Z. Morris, CoinDesk’s Chief Inside Columnist, titled: Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?
On today's show, we are going to take a look at the American crypto ‘walk away’ movement and if there are still advantages for crypto companies under the American legal and eq...
Crypto Update | Will the U.S. Pay Its Bills After June 1st? Markets Wait In Anticipation

While the crypto markets are slightly up today, traditional markets are mixed and the GM of Binance Japan Says Stablecoins Are the ‘Glue’ Between the Real Economy and the Blockchain.
Today's Stories:
Stablecoins Are the 'Glue' Between the Real Economy and Blockchain: Binance Japan General Manager
Brazil's Central Bank Selects 14 Participants for CBDC Pilot
Nike OF1 NFT Sale Surpasses $1M Despite Delays, Tech Issues
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
F1 Ticket Provider Platinum Group Introduces NFT Tickets for Globa...
Crypto Update | Bitcoin Dropping Back to 24K ‘In the Cards’ and U.S. Court in Austin Examining Lawsuit Questions from Crypto Engineers and Investors

Risk assets are down across the board, which raises concerns about Bitcoin's price. A lawsuit pertaining to smart contracts, open-source software, and token holders has been filed in response to federal sanctions on the Tornado Cash protocol.
Today's Stories:
Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections
Sam Altman’s Crypto Project Worldcoin Raises $115M, Led By Blockchain Capital
Black Market for Worldcoin Credentials Pops Up in China
Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake
Do Kwon's De...
Featured Story | Consensus Survey – TradFi Investors Remain Bullish on Crypto’s Long-Term Prospects

A Featured Story
Is an opinion piece by Angelo Calvello, Ph.D., co-founder of Rosetta Analytics, an investment manager that uses deep reinforcement learning to build and manage investment strategies for institutions. This featured story is titled: Consensus Survey–TradFi Investors Remain Bullish on Crypto’s Long-Term Prospects.
On today's show, we discuss a CoinDesk conducted survey from Consensus 2023, that finds that despite the market turmoil of the last six months, investment managers say they largely plan to keep putting capital into digital assets. With “60% of institutional investors and 64% of man...
Crypto Update | Crypto Up, Tradfi Down and Jamie Dimon Warns on QT

Despite the ongoing debt ceiling death dance, Bitcoin and other tokens are trading higher. CoinDesk's "Markets Daily" has the latest news.
Today's Stories:
Jamie Dimon Warns QT Will Lead To More Bank Failures
Africa's First Test Run For A CBDC has Failed
South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report
Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls
FTX CEO's Legal Billings Continue to Hint at '2.0 Reboot'
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Crypto Update | Bitcoin and Larger Crypto Assets In the Red While Debt Ceiling Talks Continue

President Biden and House Speaker Kevin McCarthy (R-CA) are meeting late Monday after the debt ceiling deal suffered setbacks over the weekend as crypto markets turn down slightly while traditional markets remain somewhat stable.
Today's Stories:
Biden, McCarthy To Meet Monday After Debt-Ceiling Deal Suffers Weekend Setbacks
U.S. Debt Deal Could Weigh On Bitcoin Price, Some Say
Gemini Says Genesis Parent DCG Missed $630 Million Payment
Jack Dorsey-backed TBD Launches New Web5 Toolkit to Decentralize the Internet
Market Wa...
Featured Story | Elizabeth Warren’s Bill Won’t Stop Money Laundering, but It Could Ban Crypto

Featured Story:
Is an opinion piece by John Rizzo a senior vice president for public affairs at Clyde Group, titled: Elizabeth Warren’s Bill Won’t Stop Money Laundering, but It Could Ban Crypto
On today's show, we discuss the Digital Asset Anti-Money Laundering Act, which is being pushed by Senator Elizabeth Warren (D-MA) and Senator Roger Marshall (R-KS), and aims to close loopholes that criminals may exploit to launder money through crypto assets. However, it appears that this legislation may actually further a strategy to ban crypto.
This episode was edi...
Featured Story | Should We Worry About Tether’s Bitcoin-Buying Plan?

You can see resemblances between Do Kwon's Bitcoin purchases during Terra/Luna's peaks.
Featured Story:
An Opinion piece by Coindesk Deputy Managing Editor of Features & Opinion, Daniel Kuhn, titled Should We Worry About Tether’s Bitcoin-Buying Plan?
On today's show, we focus on the fact that Tether holds the largest stablecoin, USDT, which could be viewed as an attempt to de-risk its U.S. dollar exposure.
This episode was edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.
See...
Crypto Update | The Influential Force of Stablecoins Are Shaping Crypto's Road to Recovery

Bitcoin drifts around 27k awaiting Jerome Powell's expected speech later today and what are markets saying about crypto’s path to a sustainable recovery; CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories:
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says
Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System
Market Watch Links:
BRN00...
Featured Story | Consensus 2023: Franklin Templeton CEO Jenny Johnson On Playing the Long Game.

Featured Story:
Jenny Johnson is President and CEO of Franklin Templeton. In a career at Franklin Templeton spanning over 30 years, she has been a key driver in the company's transformation to what is now one of the most respected global firms focused on investment management, technology, innovation, diversity and corporate and social responsibility. Ms. Johnson has received a number of recognitions and is involved with several industry and nonprofit organizations. She earned her B.A. in economics from the University of California at Davis.
This episode was edited by Ryan Huntington, and...
Crypto Update | Markets Tense as Janet Yellen Teases Disaster

As Bitcoin slumps and monetary policymakers present a baffling binary choice, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories:
US X-Date Is Now June 5 As Treasury Burns $52BN Cash In One Day, Only $87BN Left
Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says
Policy...
Featured Story | What’s the Reality of Crypto in Crime?

Featured Story:
An Opinion piece by Coindesk Deputy Managing Editor of Features & Opinion, Daniel Kuhn, titled ‘What’s the Reality of Crypto in Crime?’
On today's show, we discuss how deep the DOJ's criminal investigations against crypto may go with their first appointed NCET director, Eun Young Choi.
This episode was edited by Ryan Huntington, and read by Senior Producer Michele Musso. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not...
Crypto Update | Bitcoin Rises as Stablecoin Policy Goes to Washington

Today's Stories:
House Democrats Consider New Stablecoin Bill Proposal: Source
Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
Market Watch Links:
BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
First Mover Americas: Bitcoin Bounces Back From Friday Lows
This episode was...
We Need Regulatory Clarity to Keep Crypto Exchanges Onshore and DeFi Permissionless

On today’s show we’re taking a look at the consequences of the U.S.’s lack of regulatory clarity and what the important next steps are to keep crypto on-shore, courtesy of Jennifer J. Schulp, the director of financial regulation studies at the CMFA, and Jack Solowey, a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives.
Read the full story here.
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This episode was edited by Ryan Huntington and produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at ht...
Fractional Reserve Banking Is a Fraud (but It's Genius)

On today’s show we’re taking a look at the inherently risky nature of today’s financial system and why the U.S. government has blocked safer alternatives, courtesy of George Kaloudis, CoinDesk's senior research analyst and columnist.
Read the full story here.
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This episode was edited by Ryan Huntington and produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Bitcoin Turns Bearish as SEC Takes Fire

With bitcoin increasingly decoupling from traditional risk assets and the US Securities regulator being called out by the Chamber of Commerce, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Summary: Today's Stories...Read the full show notes here.
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This episode was edited by Ryan Huntington, produced by Adam B Levine and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy...
Crypto Update| PacWest Plummets as Uniswap Boosts Bitcoin Tokens

As PacWest Bank shares plummet amid deposit flight, Uniswap contracts boost Bitcoin-based tokens in DeFi, and Bitcoin holders continue to accumulate, Markets Daily is back with another crypto news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited by Ryan Huntington, produced by Adam B Levine and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Bitcoin Recovers Amid Easing Congestion and U.S. Inflation Slowdown: A Potential New Price Catalyst?

With bitcoin rising as blockchain congestion eases, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Binance Congestion, Long-Term Bitcoin Accumulation, Gold Rush and Bitcoin's Latest Trends

With bitcoin and ether prices down due to BRC-20 meme coins congestion, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Meme Coin Frenzy and Bitcoin Stability: Navigating the Contrasting Crypto Market Dynamics

With bitcoin and ether falling slightly as meme coin mania has been fueling dramatic shifts in market sentiment, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto’s Macro Drivers – It’s Not Just About Bitcoin

On today’s show we’re digging into the non-bitcoin factors impacting bitcoin’s future, courtesy of CoinDesk columnist Noelle Acheson.
Read the full story here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In the 'Stablecoin Olympics,' No Winner Will Take All

On today’s show we’re taking a look at stablecoins, and why an ecosystem might be better than a monopoly, courtesy of CoinDesk columnist Dea Markova.
Read the full story here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Financial Crossroads: Bitcoin's Resilience, Gold vs. Crypto, Job Market Surprises, and the Chinese-French CBDC Connection

With meme coins soaring as crypto giants stumble, plus a deeper dive into the latest job market data, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | U.S. Turmoil Drives Crypto Momentum: Bitcoin's Dominance, Market Decoupling, Fed Rate Hike and SEC Reevaluation

With bank failures playing a larger role in dictating the price of bitcoin rather than interest rates, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Developments Amid Turbulence: Offshore Derivatives, Mining Taxes, and Market Reactions to Jobs Data

With bitcoin continuing its slow upwards push amid fresh bank woes and cool jobs data, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Paraguay's Bitcoin Hustle: Energy, Money and the Fight for Power (Pt. 1)

On today's special episode of Markets Daily, we are introducing a new three part series. Join CoinDesk Producer Adrian Blust and Senior Reporter Eliza Gkritsi they take a deep dive into how Bitcoin mining is making a big splash in a small, landlocked country in the middle of the South American continent.
Resources:
coinPY
District of Columbia Energy Profile
Iguazu Falls - Wikipedia
Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry
Paraguayan Senate Passes Bill Regulating Crypto Mining and Trading
Para...
Crypto Update | Expanding Crypto Access and Looming U.S. Debt Crisis

With bitcoin trading down as investors fear another interest rate hike, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Argentina's Break With the Dollar, Bank Collapse and Mastercard's Crypto Integration

With the Consensus 2023 festival Austin wrapped up after breaking attendance records while bitcoin opens the trading week below the $28.5K mark, plus a look at the latest bank failure, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bye-Bye Bitcoin Bear

On today’s show we’re saying goodbye to this cycle's downturn, at least according to one advisor, courtesy of Andy Edstrom, CFA, CFP, financial advisor and head of Swan Advisor Services at Swan Bitcoin.
Read the full story here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
3 Giga-Brained Ideas From Consensus Day 2

On today’s show we’re digging into a trio of intriguing ideas, courtesy of Daniel Kuhn, CoinDesk’s features reporter and assistant opinion editor.
Read the full story here.
Resources:
https://cofi.informal.systems/FAQ
Liquidity-Saving through Obligation-Clearing and Mutual Credit: An Effective Monetary Innovation for SMEs in Times of Crisis
At Consensus 2023, CoinDesk Is Tackling the Biggest Issues in Crypto
NEAR Foundation Launches NEAR Horizon
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 t...
Crypto Update | Bank Bailouts, Bitcoin Holder Profits and Real Estate Fire Sales

With bitcoin stabilizing comfortably above $29K amid cues of another incoming bank collapse, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Bitcoin's Volatility Intensifies Amid Strengthening Correlation with Dollar and U.S. GDP Data

With bitcoin, ether and other major cryptos seesawing wildly over a 24-hour period, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto Update | Bitcoin Breaks Its Losing Streak in Late Tuesday Rally Amid Banking Woes

With a late surge returning bitcoin to its previous perch above $28K, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, entrepreneurs and more!
Use code MARKETSDAILY to get 15% off y...
Crypto Update | Political Divide and Legal Actions: House Republicans Advocate for Stablecoins, Coinbase Challenges SEC

With crypto markets playing the waiting game as tech's expected mixed bag of earnings may push things down as the week progresses, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, en...
Crypto Update | Debt Ceiling Impacts, Banking Struggles and What's Next After Bitcoin's Retreat

With analysts looking at what comes next after last week's downturn in bitcoin and ether prices, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Today's Stories...Read the full show notes here.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, entrepreneurs and more!
Use code MA...
A ‘Super App’ May Be Web3’s Super Power

On today’s show we’re taking a look at how permissionless and composable crypto platforms together form something better than the sum of its parts, courtesy of Galen Moore the content lead at Axelar.
Read the full story here.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, entrepre...
Bitcoin Should Be Central to Regulation of Digital Assets

On today’s show we’re taking a look at why U.S. lawmakers should recognize the unique qualities of Bitcoin as they set out market structure for the crypto economy, courtesy of John Rizzo Senior Vice President for public affairs at Clyde Group.
Read the full story here.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technolo...
Q+A Corner | Bitcoin on the Federal Reserve’s Balance Sheet and a Web3 Developers Union

On today’s show, Adam B. Levine and Adrian Blust answer your submitted questions. Thank you all for participating! From two questions submitted by WATSN and PREMTRAK via Spotify we'll be looking at what a world with bitcoin on the Federal Reserve's balance sheet would be like as well as the nuances of a Web3 Developers Union.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immers...
Q+A Corner | FedCoin vs. Bitcoin vs. CBDCs

On today’s show, Adam B. Levine and Adrian Blust answer your submitted questions. Thank you all for participating! From a question submitted by Lucas2cool via Spotify we’ll be unpacking the main differences of the FedCoin project, Bitcoin and CBDCs.
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Join CoinDesk’s Consensus 2023 - the most important conversation in crypto and Web3 - happening April 26 through 28 in Austin, Texas. Consensus is the industry’s only event bringing together all sides of crypto, Web3 and the metaverse. Immerse yourself in all that blockchain technology has to offer creators, builders, founders, brand leaders, entrepre...