MARKETS DAILY: Crypto Update | Markets Steady and Binance Could Face U.S. Department of Justice Fraud Charges

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4.7 • 698 Ratings

🗓️ 3 August 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, bankrupt crypto lender BlockFi is one step closer to refunding its clients. Today's episode is sponsored by Kraken Pro. Today's Stories: Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor Binance Appoints New Compliance Officer as Regulatory Crackdown Intensifies Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform Markets Links: BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch DeFi Died and We Didn’t Even Notice - 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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0:00.0	This episode of Markets Daily is sponsored by Cracken.
0:08.2	It's Thursday, August 3rd, 2023, and this is Markets Daily from CoinDesk.
0:13.4	George Kulutis here again for your daily news roundup.
0:16.3	On today's show, we're talking Bitcoin, the latest headlines, and more.
0:20.2	And just a reminder,
0:21.1	CoinDisk is a news source and does not provide financial advice.
0:32.2	Bitcoin and Ether have slipped in the last 24 hours, but they still remain range-bound.
0:38.5	If you're just looking at price charts and nothing else, the last month has been a snooze
0:42.4	fest for the big cryptocurrencies.
0:44.9	With all that is happening in the macroeconomy with a not recession looming, and in the
0:49.5	world of defy, which in the words of CoinDesk's Dancoon, died and we didn't even notice, with the behavior
0:55.6	around the curve financial hack, it is quite honestly surprising that the market has done
1:00.2	basically nothing for the last month. Still, though, there is some news in the world of the
1:05.2	Spot Bitcoin ETF. ETF analysts at Bloomberg Intelligence raised their estimates for the launch of a U.S. spot Bitcoin
1:12.2	Exchange traded fund or ETF to 65% from 50%. The analysts said the SEC's seeming approval
1:19.7	of Coinbase's Bitcoin trading platform is one positive indication, and another is SEC
1:24.6	Chairman Gary Gensler downplaying his role in a recent interview.
1:29.7	The potential approval of the many-spot Bitcoin ETFs is a bullish event waiting on the
1:34.0	sidelines.
1:35.2	For now, though, the market crickets continue.
1:40.0	Bitcoin is currently trading at $29,110, while Ether is trading at $1,833 per token, according to
1:47.6	the Coin-desk market index.
	...

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