MARKETS DAILY: Crypto Update | Crypto Market Remains Tepid as Broader Economy Holds Its Breath

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 8 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, top headlines in crypto hacks and exchange news. Today's episode is sponsored by Kraken Pro. Today's Stories: Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract Huobi Receives $200M USDT, $9M Ether From Whale Bitstamp Raising Funds for Asia, Europe Expansion: Bloomberg Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch First Mover Americas: Market Doesn't React Much to PayPal Stablecoin - 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

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0:49.7	This episode of Markets Daily is sponsored by Cracken.
0:58.0	Hey. This episode of Markets Daily is sponsored by Cracken. It's Tuesday, August 8th, 2023, and this is Markets Daily from CoinDesk.
1:03.1	George Kulut is here again with your daily news roundup.
1:06.3	On today's show, we're talking Bitcoin, the macroeconomy, the latest headlines, and more.
1:11.8	And just a reminder, CoinDusk is a news source and does not provide financial advice.
1:21.8	Bitcoin and Ether remained little changed over the past 24 hours, another sign of just how tepid the market is.
1:29.8	Even the entry of payment giant PayPal into the stablecoin market failed to move the needle
1:34.5	in any meaningful way.
1:36.4	Both Bitcoin and Ether haven't moved much at price on the day and have had low trading
1:40.6	volumes over the past few weeks.
1:43.0	Yet another day of Bitcoin and Ether, the stable coins.
1:48.0	Bitcoin is currently trading at $29,482 while Ether is trading at $1,840 per token, according
	...

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