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Latest headlines from Coindesk.

Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says

Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.

https://www.coindesk.com/markets/2024/05/03/bitcoin-hits-62k-as-cryptos-bounce-correction-likely-over-but-expect-a-slow-grind-higher-arthur-hayes-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Polkadot And Cosmos Gain in a Rocky Week for Crypto: CoinDesk Indices Market Update

All but four cryptos in the CoinDesk 20 posted losses over the last week, led by declines in NEAR, BCH, and DOGE.

https://www.coindesk.com/markets/2024/05/03/polkadot-and-cosmos-gain-in-a-rocky-week-for-crypto-coindesk-indices-market-update/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says

Both equities and gold have been trading lower since reaching highs in mid-April, the report said.

https://www.coindesk.com/markets/2024/05/03/bitcoins-recent-weakness-is-more-tied-to-global-markets-than-to-anything-crypto-specific-coinbase-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Exploiter Steals $68M Worth of Crypto Through Address Poisoning

A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an "address poisoning" exploit, according to blockchain security firm CertiK.

https://www.coindesk.com/business/2024/05/03/exploiter-steals-68m-worth-of-crypto-through-address-poisoning/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Hovers Around $59K to End Week

The latest price moves in bitcoin (BTC) and crypto markets in context for May 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/05/03/first-mover-americas-bitcoin-hovers-around-59k-to-end-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

UK Local Elections Show Swing to Labour With General Election Pending

The government, which has adopted a pro-crypto stance, must hold a general election by end-January.

https://www.coindesk.com/policy/2024/05/03/uk-local-elections-show-swing-to-labour-with-general-election-pending/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin's Price Recovery Faces Nonfarm Payrolls Test

Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.

https://www.coindesk.com/markets/2024/05/03/bitcoins-price-recovery-faces-nonfarm-payrolls-test/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts

The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.

https://www.coindesk.com/markets/2024/05/03/crypto-exchange-coinbase-had-a-blowout-first-quarter-analysts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg

CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.

https://www.coindesk.com/markets/2024/05/03/krakens-indices-provider-anticipates-1b-aum-in-hong-kong-etfs-by-2024-end-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Friend.Tech's Native Token Tanks to $2.5 After Debut

Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.

https://www.coindesk.com/markets/2024/05/03/friendtechs-native-token-tanks-to-25-after-debut/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

https://www.coindesk.com/business/2024/05/02/jack-dorseys-block-adding-more-bitcoin-to-balance-sheet-presents-road-map-for-others/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

https://www.coindesk.com/policy/2024/05/02/tether-enters-transaction-surveillance-partnership-with-chainalysis-as-regulatory-pressure-mounts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto for Advisors: Digital Asset Custody’s Future

Once they reach a certain level of sophistication, there’s a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.

https://www.coindesk.com/business/2024/05/02/crypto-for-advisors-digital-asset-custodys-future/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says

Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.

https://www.coindesk.com/markets/2024/05/02/crypto-market-sell-off-was-driven-by-retail-investors-jpmorgan-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining

U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source...

https://www.coindesk.com/policy/2024/05/02/us-senates-warren-warns-national-security-chiefs-about-iranian-crypto-mining/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals

MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity of the sender.

https://www.coindesk.com/tech/2024/05/02/microstrategy-unveils-plan-for-bitcoin-based-decentralized-identity-using-ordinals/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo

Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.

https://www.coindesk.com/business/2024/05/02/tokenized-private-credit-platform-untangled-opens-its-first-usdc-lending-pool-on-celo/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

LayerZero Takes Snapshot as Airdrop Draws Closer

The interoperability protocol indicated that there will be a series of airdrops.

https://www.coindesk.com/business/2024/05/02/layerzero-takes-snapshot-as-airdrop-draws-closer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and ...

https://www.coindesk.com/business/2024/05/02/tradfi-veterans-pitch-tokenized-asset-marketplace-with-eyes-on-us-regulatory-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines