The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Singapore-based digital asset trading platform Crypto.com has received a preparatory license from Dubai’s Virtual Digital Assets regulator. Source: https://www.coindesk.com/policy/2023/03/20/cryptocom-gets-closer-to-an-operational-license-in-dubai/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin is in the spotlight as cracks emerge in the traditional banking system, one observer said, explaining the negative spread between ether and bitcoin implied volatility metrics. Source: https://www.coindesk.com/markets/2023/03/20/crypto-market-witnesses-odd-relationship-between-bitcoin-ether-volatility-metrics/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An uptick in open interest alongside a price rally is said to confirm an uptrend. Source: https://www.coindesk.com/markets/2023/03/20/open-interest-in-bitcoin-futures-hits-yearly-high-of-12b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An IOU token and an upcoming futures product are letting traders speculate on ARB prices ahead of this week’s claim event. Source: https://www.coindesk.com/markets/2023/03/20/arbitrum-iou-futures-markets-heat-up-ahead-of-arb-token-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FSC chairman confirms that the island’s top financial watchdog will regulate crypto. Source: https://www.coindesk.com/policy/2023/03/20/taiwans-crypto-industry-welcomes-regulatory-announcement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/markets/2023/03/20/fed-ecb-and-others-take-coordinated-steps-to-boost-dollar-liquidity-bitcoin-tops-28k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Bitcoin’s surge over the past week reflects a “flight to quality,” but liquidity remains an issue. Source: https://www.coindesk.com/markets/2023/03/20/first-mover-asia-bitcoin-is-being-made-great-again/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The 40 former branches of Signature Bank will operate under New York Community Bancorp’s Flagstar Bank, N.A., as of Monday. Source: https://www.coindesk.com/policy/2023/03/20/signature-bank-deposits-to-be-assumed-by-new-york-community-bank-unit-fdic/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge. Source: https://www.coindesk.com/consensus-magazine/2023/03/19/us-banking-cutoff-presents-opportunities-for-crypto-in-europe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines