With bitcoin and ether losing their momentum, plus a look at what happens when music meets DeFi, CoinDesk’s “Markets Daily” is back with the latest news roundup.

This episode is sponsored by Algorand.

Today's Stories:

Bitcoin Loses Bullish Trendline as Fed Sees Restrictive Rates Needed for Some Time

First Mover Asia: Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again  

Stocks muted after Fed minutes point to prolonged inflation fight | Financial Times

DAX PERFORMANCE-INDEX (^GDAXI) Charts, Data & News - Yahoo Finance

Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing

Token Front-Running Was Common at Coinbase Crypto Exchange, a New Study Argues

Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin

Featured Story: How DeFi Can Deliver Value for Artists and Musicians

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Algorand is shaping the future with the world’s greenest blockchain technology. Algorand delivers security, scalability, and speed without sacrifice – inspiring you and billions of other users to reach a sustainable standard of peak blockchain performance. Learn more at algorand.foundation. 

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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.