The latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract. Source: https://www.coindesk.com/policy/2023/05/26/coinmint-sues-california-chipmaker-for-23m-alleging-elaborate-deception/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing. Source: https://www.coindesk.com/policy/2023/05/26/crypto-exchange-coinones-former-exec-acknowledges-bribery-charges-in-south-korea-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Drop comes as the number of staked ether has surged. Source: https://www.coindesk.com/markets/2023/05/26/ether-balance-on-exchanges-nears-all-time-low/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hedging activity of market makers, who are always on the opposite of investors’ trade, seems to have kept prices rangebound off late. Source: https://www.coindesk.com/markets/2023/05/26/the-invisible-hand-restricting-bitcoin-and-ether-price-swings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively. Source: https://www.coindesk.com/business/2023/05/26/usbtc-aims-to-become-bitcoin-mining-giant-after-deal-to-buy-celsius-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Graphics chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence …

The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success. Source: https://www.coindesk.com/web3/2023/05/25/nike-of1-nft-sale-surpasses-1m-despite-delays-tech-issues/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The largest cryptocurrency is suddenly a talking point in the 2024 race, after Florida Governor Ron DeSantis declared he would “protect the ability to do things like Bitcoin” during …

Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner …