Business
Cryptocurrency Newsletter Highlights
Stay up-to-date with the latest trends and news in the world of cryptocurrency with our newsletter highlights. Get insights on market updates, new projects, and more.
Newsletter Introduction
This article originally appeared in First Mover, CoinDesk’s daily newsletter, providing insightful analysis of the latest developments in the cryptocurrency markets. Subscribe now to receive daily updates directly to your inbox.
Market Update
Latest Prices
- Bitcoin traded around $57,000 during the European morning, showing a slight decline of 2.4% in the last 24 hours after pulling back from the $60,000 resistance level. The CoinDesk 20 Index (CD20) also fell by 2.3%. Despite briefly surpassing $59,000 on positive macro news, Bitcoin’s inability to maintain upward momentum hints at potential price weakness ahead.
Company News
- Iris Energy: A report by Bernstein highlighted that Iris Energy’s mining site in Childress, Texas is well-suited for Bitcoin mining, contrasting previous analyses that deemed it unsuitable for AI purposes. Following a short-selling report by Culper Research, Iris Energy shares fell by almost 14%, showcasing market volatility and differing perspectives on the site’s potential.
- Partior: The blockchain payment joint venture involving banking giants JPMorgan, DBS, and Standard Chartered recently secured $60 million in Series B funding. Led by Peak XV Partners and with contributions from Valor Capital Group and Jump Trading Group, Partior aims to streamline interbank payment processes through unified blockchain-based solutions.
Additional Insights
- Chart of the Day: – Omkar Godbole