BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range. Source: https://www.coindesk.com/markets/2023/05/04/bitcoin-holds-near-29k-as-investors-weigh-rate-increases-banking-contagion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like …

The crypto exchange reported first quarter results after the close on Thursday. Source: https://www.coindesk.com/business/2023/05/04/coinbase-shares-rise-as-q1-revenue-grows-23-from-q4-to-773m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms. Source: …

Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido. Source: https://www.coindesk.com/markets/2023/05/04/liquid-staking-platform-lido-surpasses-6m-ether-deposits-as-shanghai-upgrade-spurs-inflows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The blockchain is the first with native account abstraction that the web3 developer platform offers, allowing developers to build applications with Alchemy’s infrastructure on StarkNet. Source: https://www.coindesk.com/tech/2023/05/04/blockchain-developer-platform-alchemy-launches-public-support-for-zk-rollup-starknet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The fall of the Japanese exchange in 2014 saw 750,000 bitcoin go missing, putting crypto’s future in doubt. The event reverberates to this day. Source: https://www.coindesk.com/consensus-magazine/2023/05/04/the-legacy-of-mt-gox-why-bitcoins-greatest-hack-still-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ZkLink offers a zero-knowledge rollup-backed decentralized trading infrastructure that makes it easier to trade between chains. Source: https://www.coindesk.com/business/2023/05/04/coinbase-ventures-backs-10m-zklink-raise-ahead-of-mainnet-launch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The platform will offer liquidity pools for U.S. Treasury bills, later this year. Source: https://www.coindesk.com/business/2023/05/04/opentrade-raises-over-15m-for-crypto-structured-financial-products/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …