MARKETS DAILY: Crypto Update | Coinbase Acquires Stake in Circle
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 22 August 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Markets await the U.S. Federal Reserve's annual economic symposium in Jackson Hole, Wyoming.
Today's episode is sponsored by Kraken Pro.
Today's Stories:
First Mover Americas: Coinbase Acquires Stake in Circle
XRP, ADA Post Highest Losses Among Majors; Bitcoin Steady as 'Buy the Dip' Mentions Fade
Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
Bitcoin's 10% Weekly Drop Puts Bears in Control Ahead of Jackson Hole Symposium
Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates
Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
Sam Bankman-Fried Pleads Not Guilty to Latest Indictment
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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.
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This episode was hosted by Michele Musso. “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
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| 0:50.0 | This episode of Markets Daily is sponsored by Cracken. |
| 0:57.8 | It's Tuesday, August 22nd, 2023, and this is Markets Daily from CoinDesk. |
| 1:03.4 | Hi, I'm Michelle Muso here with your Crypto Markets Roundup. |
| 1:06.3 | On today's show, we're talking Bitcoin, Coinbase, Circle, and more. |
| 1:10.0 | And just a reminder, CoinDesk is a news source |
| 1:12.3 | and does not provide investment advice. Bitcoin and Ether held steady over the past 24 hours. |
| 1:25.4 | XRP and Cardano prices slid for a second day as traders eased off |
| 1:29.7 | riskier alternative cryptocurrencies with no major token in the green. |
| 1:34.0 | On-chain data analytics tool, Santamint, noted mentions of, quote, |
| 1:38.3 | by the dip, unquote, on social media forums, has faded amid the sideways price action. |
| 1:45.0 | A technical analytics indicator shows extreme oversold conditions in Bitcoin and other |
| 1:49.3 | cryptocurrencies, as surging bond yields way over-risk assets. |
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