ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals. Source: https://www.coindesk.com/markets/2024/08/06/ethereum-etfs-scored-49m-inflows-as-eth-plunged/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BTC has dropped over 13% this month, but all is not lost, according to key indicators. Source: https://www.coindesk.com/markets/2024/08/06/these-two-bitcoin-indicators-offer-light-in-a-gloomy-marke/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session. Source: https://www.coindesk.com/markets/2024/08/06/bitcoin-jumps-above-56k-solana-leads-recovery-from-mondays-rout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in …

Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets. Source: …

It depends on what you’re trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe. Source: https://www.coindesk.com/markets/2024/08/05/is-bitcoin-still-a-store-of-value/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol. Source: https://www.coindesk.com/opinion/2024/08/05/depin-and-machine-data-can-change-web3/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced …

Also: the Democrat gains on Trump but hasn’t closed the gap, unlike in polls; Polymarket punters trade on Olympic women’s boxing controversy; Fed will cut rates fast and hard …

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …