The latest price moves in bitcoin (BTC) and crypto markets in context for May 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

The Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems. Source: https://www.coindesk.com/tech/2023/05/18/apecoin-dao-approves-proposal-to-boost-bored-ape-nfts-ape-ecosystem-growth/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot. Source: https://www.coindesk.com/policy/2023/05/18/ripple-starts-platform-for-central-banks-to-issue-their-cbdcs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.” Source: https://www.coindesk.com/tech/2023/05/18/lido-community-members-propose-ldo-token-staking-and-buyback-plan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support. Source: https://www.coindesk.com/policy/2023/05/18/uk-lawmakers-bid-to-regulate-crypto-as-gambling-could-be-a-political-problem-invites-industry-wrath/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used. Source: https://www.coindesk.com/business/2023/05/18/binance-australia-halts-australian-dollar-bank-transfers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

PLUS: We really need to see the Hinman emails. Source: https://www.coindesk.com/markets/2023/05/18/first-mover-asia-bidens-tough-talk-tethers-bitcoin-bet-not-moving-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade. Source: https://www.coindesk.com/business/2023/05/17/crypto-perpetuals-exchange-dydx-considering-the-launch-of-more-subdaos/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Amid climbing transaction fees and increased development activity, bitcoiners are warring over the future of the network. Is this a replay or a result of the so-called Blocksize Wars. …

Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said. Source: https://www.coindesk.com/business/2023/05/17/usdc-issuer-circle-moves-87b-to-repo-agreements-to-protect-reserves-from-us-government-default/?utm_medium=referral&utm_source=rss&utm_campaign=headlines