Crypto markets have been laid low by a hawkish stance on interest rate cuts by the FOMC. Source: https://www.coindesk.com/markets/2024/06/17/bitcoin-investment-products-saw-over-600m-in-outflows-last-week-coinshares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies. Source: https://www.coindesk.com/policy/2024/06/17/financial-stability-board-to-extend-its-work-on-stablecoin-risks-in-emerging-and-developing-economies/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

South African president Cyril Ramaphosa of the African National Congress (ANC) party was re-elected on Friday, and will lead the country’s first multi-party coalition government. Source: https://www.coindesk.com/policy/2024/06/14/south-africa-re-elects-cyril-ramaphosa-of-the-anc-as-president/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

There is an unavoidable tension between the aims of decentralization and onboarding everyday users. Source: https://www.coindesk.com/opinion/2024/06/14/mass-adoption-would-ruin-crypto-keep-it-a-niche/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BTC plummeted more than 2% in an hour to $65,200 during the U.S. trading session from around the $67,000 area. The leading crypto was down 7.5% over the past …

The proceedings of the issuance will be used to acquire more bitcoin and for general corporate affairs. Source: https://www.coindesk.com/business/2024/06/14/microstrategy-increases-convertible-note-offering-by-40-to-700m-in-bitcoin-splurge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks …

Curve founder Michael Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as …

The latest price moves in bitcoin (BTC) and crypto markets in context for June 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

A money-laundering trial is still scheduled, with Binance executives Tigran Gambaryan and Nadeem Anjarwalla remaining on that case. Source: https://www.coindesk.com/policy/2024/06/14/nigeria-drops-tax-charges-against-binance-executives-family-spokesperson/?utm_medium=referral&utm_source=rss&utm_campaign=headlines