Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

● Bitcoin (BTC): $20,379 +4.2% ● Ether (ETH): $1,360 +3.0% ● CoinDesk Market Index (CMI): $989 +3.0% ● S&P 500 daily close: 3,790.93 +3.1% ● Gold: $1,735 per troy ounce +2.5% ● Ten-year Treasury yield daily close: 3.62% −0.2 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Author:…

Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months

The crypto winter has clearly been rough for miners, who have seen profit margins shrink as bitcoin prices plunged more than 50% this year, while power prices soared and capital dried up. However, some miners, such as Merkle, have continued to build up their facilities during the bear market to solidify their position when the market eventually turns. Author: Aoyon Ashraf Source link

Crypto Banking Platform Juno Raises $18M in Series A Funding

This round was led by ParaFi Capital’s Growth Fund, and included well-known crypto industry figures such as Coinbase Chief Product Officer Surojit Chatterjee, Messari’s Ryan Selkis, Polygon’s Sandeep Nailwal and Jaynti Kanani, and a16z’s Sriram Krishnan. Seed rounder backers included former Coinbase Chief Technology Officer Balaji Srinivasan and FTX’s ​​Venu Palaparthi. Author: Margaux Nijkerk Source link

The CFTC Served Ooki DAO Papers By Posting Them in an Online Discussion Forum

The lawsuit, announced last week, is the first to be brought against members of a DAO by the CFTC, and could have wide-ranging consequences for DAO regulation in the future. Charges were also filed and settled against a blockchain protocol, bZeroX – which the CFTC claims operated the same service before handing over the reins to Ooki DAO – and two of its founders, who settled for a $250,000 monetary penalty. Author: Cheyenne Ligon Source link

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’

As a whole, crypto fared far worse than equities in the week following the CPI data release. The CoinDesk Market Index (CMI), a cap-weighted index of 148 of the largest cryptocurrencies, slid 13.5% during those seven days. Here, too, we find variances based on sector. The CoinDesk Smart Contract Platform Index (SMT) – which includes the likes of ether (ETH), Cardano’s ADA, and Solana’s SOL – tumbled 19.8%. To be sure, a sizable portion was due to ether’s post-Merge drop and not just because of general market conditions, though other…