COINDESK DAILY: Bitcoin, Ether Little Changed After $400M Liquidation Rout; DCG's Legal Battle
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 June 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Helene Braun breaks down the latest news in the crypto industry from the $400 million leverage flush out to New York Attorney General Letitia James' pushback against DCG, Silbert’s motions to dismiss the fraud case.
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"CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, including bitcoin and ether's reaction to the $400 million leverage flush out. Plus, Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund and New York Attorney General Letitia James pushed back against DCG, Silbert’s motions to dismiss the fraud case.
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This episode was hosted by Helene Braun. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:51.5 | Bitcoin and ether prices were little changed over the weekend after a $400 million |
| 0:56.5 | leverage flashout on Friday dampened market momentum. Since Friday, open interest or |
| 1:02.7 | the number of unsettled futures contracts across various tokens slid from $99 billion to $60 billion, |
| 1:13.3 | indicating traders significantly part bets. |
| 1:19.5 | As of 10 a.m. Eastern time, Bitcoin is trading flat just above the $69,000 level. |
| 1:24.5 | Ether is down nearly half a percentage point, trading below $3,700. |
| 1:32.4 | Fidelity International has selected JP Morgan's. Morgan's Onyx digital assets blockchain to tokenize a money market fund. The London-based funds management firm said that the move means |
| 1:37.2 | improved efficiency in delivering margin requirements and a reduction in transaction costs and |
| 1:43.0 | operational risk. Fidelity International has had a long |
| 1:46.2 | history with digital assets and worked on a tokenized project with Swiss Bank Signum. |
| 1:52.2 | And the legal battle continues for Digital Currency Group and its founder and CEO Barry Silbert |
| 1:58.6 | as New York Attorney General Letitia James is not backing down |
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