Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial …

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10. Source: https://www.coindesk.com/tech/2024/07/05/protocol-village/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/policy/2024/07/05/multicoin-pledges-up-to-1m-for-pro-crypto-senate-candidates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines. Source: https://www.coindesk.com/markets/2024/07/05/coindesk-20-performance-update-index-plunged-with-all-20-assets-declining/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Before this morning’s jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool. Source: https://www.coindesk.com/markets/2024/07/05/us-added-206k-jobs-in-june-topping-estimates-for-190000/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed …

Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February. Source: https://www.coindesk.com/markets/2024/07/05/us-crypto-stocks-sink-in-pre-market-trading-as-btc-slumps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The jobs data, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June. Source: https://www.coindesk.com/markets/2024/07/05/us-nonfarm-payrolls-eyed-as-bitcoin-heads-for-largest-weekly-loss-since-ftxs-collapse/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn. Source: https://www.coindesk.com/markets/2024/07/05/as-bitcoin-bellyflops-to-54k-only-five-mining-rigs-remain-profitable-says-f2pool/?utm_medium=referral&utm_source=rss&utm_campaign=headlines