The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents. Source: https://www.coindesk.com/policy/2024/05/16/indias-market-regulator-suggests-shared-crypto-oversight-even-as-rbi-seeks-stablecoin-ban-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024. Source: https://www.coindesk.com/markets/2024/05/16/bitcoin-traders-expect-prices-to-hit-74k-highs-as-selling-pressure-eases/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Pertsev was found guilty of money laundering on Tuesday by a Dutch judge. Source: https://www.coindesk.com/policy/2024/05/16/tornado-cash-developer-alexey-pertsev-appeals-guilty-verdict/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply. Source: https://www.coindesk.com/markets/2024/05/16/shib-to-get-more-scarce-as-key-exchange-expands-to-shibarium/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market. Source: https://www.coindesk.com/markets/2024/05/16/cme-looks-to-take-on-binance-and-coinbase-could-launch-spot-bitcoin-trading-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies. Source: https://www.coindesk.com/markets/2024/05/16/bitcoin-has-best-day-in-2-months-as-markets-anticipate-a-summer-of-easing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and …

After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the …

In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in …