The latest price moves in bitcoin and crypto markets in context for Dec. 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto …

Starknet said 900 million STRK are earmarked for the foundation’s Provisions Committee, and 900 million will be dedicated to user rebates. Source: https://www.coindesk.com/business/2023/12/08/starknet-foundation-to-allocate-18b-strk-tokens-soon/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance determined the application was not necessary “when assessing global needs.” The move is unrelated to the exchange’s legal settlement in the U.S. Source: https://www.coindesk.com/business/2023/12/08/binance-withdraws-bid-for-abu-dhabi-license-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As of Friday, LayerZero has not outright mentioned how it intends to reward users for using its network. Source: https://www.coindesk.com/markets/2023/12/08/layerzero-confirms-airdrop-plans-boosting-some-ecosystem-projects/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Increased interest in the three-dimensional options market suggests an influx of sophisticated traders in the crypto market. Source: https://www.coindesk.com/markets/2023/12/08/bitcoin-ether-options-value-on-deribit-reach-record-high-of-23b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2023 has been a five-phased bitcoin rally, Matrixport says in a report. Source: https://www.coindesk.com/markets/2023/12/08/matrixports-45k-end-of-year-target-for-bitcoin-looks-to-be-accurate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance founder and former CEO Changpeng Zhao must remain in the U.S. until he is sentenced next February, a federal judge ruled Thursday. Source: https://www.coindesk.com/policy/2023/12/08/binance-founder-changpeng-cz-zhao-stuck-in-us-until-sentencing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins. Source: https://www.coindesk.com/markets/2023/12/07/ether-solana-hit-19-month-highs-as-bitcoin-rally-halts-with-traders-fearing-bull-trap/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana’s SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem’s on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino. Source: https://www.coindesk.com/business/2023/12/07/solana-protocol-kamino-eyes-airdrop-following-jito-token-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sometimes, the law is the law, industry experts say. Source: https://www.coindesk.com/consensus-magazine/2023/12/07/code-is-not-always-law/?utm_medium=referral&utm_source=rss&utm_campaign=headlines