MARKETS DAILY: Crypto Update | Bitcoin Trades in Tight Range and Bitfinex Hacker Reveals Himself

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7 • 698 Ratings

🗓️ 4 August 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“Markets Daily” brings the latest crypto markets news, including headlines from Curve, Revolut, Upbit and Coinbase. Today's episode is sponsored by Kraken Pro. Today's Stories: Razzlekhan’s Husband Admits to Being Hacker in Infamous 2016 Bitfinex Attack: CNBC Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance Curve Founder Raises $42.4M to Pay Off $80M On-Chain Debt Revolut Suspends U.S. Crypto Platform Over Regulatory Uncertainty Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator's Oversight Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. 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.

Transcript

Click on a timestamp to play from that location

0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.1	It's Friday, August 4th, 2023, and this is Markets Daily from CoinDisc.
0:13.0	George Kulutis here again with your daily news roundup.
0:16.3	On today's show, we're talking Bitcoin, the latest headlines, and more.
0:20.0	And just a reminder,
0:23.6	CoinDesk is a news source and does not provide investment advice.
0:40.5	Bitcoin and Ether ticked up slightly today. The Bureau of Labor Statistics, or the BLS, released its job growth numbers for July this morning, and the number came below expectations for the second month in a row.
0:45.0	July missed expectations by 13,000 jobs.
0:48.5	Of course, this is before any future revisions.
0:51.5	On that point, May and June job growth numbers from this year from the
0:54.9	BLS were adjusted down a combined 49,000 jobs. A quick aside here, how outrageous is it
1:01.8	that the headline jobs number from the BLS has been adjusted down every single month this year?
1:08.3	Conspiratory listeners are nodding along. Anyway, the labor market is showing
1:12.9	signs of softening, so perhaps the Fed will finally put a pause on rate hikes when they meet
1:17.5	in September. Although Bitcoin slipped a bit on the initial jobs news, it has somewhat recovered.
1:23.5	It's still stable in that tight, tight trading band. Shifting to something more crypto-focused, there's an interesting bit of trading news
1:30.6	related to retail crypto interest in South Korea.
1:34.0	South Korean exchange upbit surpassed centralized exchanges Coinbase in OkX in spot trading volume
1:40.1	for the first time this July.
1:42.2	This makes Upbit the world's second largest crypto exchange after
1:45.9	Binance. In July, Coinbase's volume dropped by 11.6% to 28.6 billion, and OkX's fell 5.8% to
1:54.1	29 billion. Upbit bucked the general market trend with a 42% increase to 29.8 billion. Pretty interesting stuff, especially
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.