MARKETS DAILY: Crypto Update | Coinbase Acquires Stake in Circle

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CoinDesk

News, Business News, Tech News, Daily News

4.7 • 698 Ratings

🗓️ 22 August 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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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 - 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 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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