The move prompted $73 million in liquidations, during the day predominantly leveraged short positions betting on lower prices. Source: https://www.coindesk.com/markets/2023/12/05/bitcoin-blasts-to-44k-on-coinbase-and-could-run-towards-48k-resistance-lmax-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Rep. Patrick McHenry (R-N.C.), arguably the crypto industry’s most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday. Source: https://www.coindesk.com/policy/2023/12/05/houses-mchenry-wont-seek-reelection-costing-crypto-a-top-ally-politico/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Johnson clarified that the agency sued the crypto exchange because it “simply failed to comply with regulation.” Source: https://www.coindesk.com/policy/2023/12/05/binances-multi-billion-cftc-penalty-was-heightened-says-commissioner-kristin-johnson/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

EURCV isn’t the first Euro stablecoin, but it has the institutional backing of Societe Generale, a major European financial institution. Source: https://www.coindesk.com/markets/2023/12/05/flowdesk-picked-by-forge-to-become-marker-marker-for-euro-based-stablecoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin and crypto markets in context for Dec. 5, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto …

Crypto companies spent almost $19 million on lobbying by the end of the third quarter compared with $16 million in the same period last year. Source: https://www.coindesk.com/policy/2023/12/05/us-crypto-lobbying-on-course-for-record-spend-this-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months. Source: https://www.coindesk.com/business/2023/12/05/defi-market-rebounds-to-50b-as-speculators-hunt-for-yield/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Shares in the cryptocurrency exchange have rallied nearly 300% this year, and the latest chart pattern suggests further gains could still be in the offing. Source: https://www.coindesk.com/markets/2023/12/05/coinbases-rally-still-has-legs-chart-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens. Source: https://www.coindesk.com/markets/2023/12/05/bigtime-ordi-tokens-lead-nearly-250m-in-altcoin-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Moving to an exchange could suggest the investor is likely to sell the asset for stablecoins or other tokens. Source: https://www.coindesk.com/markets/2023/12/05/early-ether-investor-moves-nearly-90m-eth-to-kraken/?utm_medium=referral&utm_source=rss&utm_campaign=headlines