Markets Outlook

The U.S. Court of Appeals, in rebuking the securities watchdog, shows that Securities and Exchange Commission Chair Gary Gensler won’t get the last word on crypto.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today’s featured story is an opinion piece from CoinDesk’s Daniel Kuhn, titled: “The Real Reasons the Grayscale Bitcoin ETF Decision Matters.”

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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Simpluris:  If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

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This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

CoinDesk Indices presents six notable market movement highlights from last week.

Today's episode is sponsored by Kraken Pro and Simpluris.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. For more on the CMI you can visit: http://coindeskmarkets.com/

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

The regulator has now announced delays for all six of the new ETF applications.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity

U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap

Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris:  If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Musk's social media platform, X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states including Maryland, New Hampshire and Rhode Island.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Musk's X Obtains Payment Licenses in Several U.S. States

Bitcoin Starts to Retrace Grayscale-Fueled Gain; SOL, XRP, DOT Lead Majors Slide

Bitcoin Average Trade Size Jumps to Highest Level Since June After Grayscale Ruling

Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018

Ether Heads for 'Death Cross'

Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto

Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%

Binance to 'Gradually' End Support for BUSD Products

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

The U.S. Securities and Exchange Commission must review its rejection to convert the Grayscale Bitcoin Trust into an exchange-traded fund, the appeals court ruled Tuesday.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Bitcoin Rallies on Grayscale Court Win Over SEC

Grayscale’s Victory Ignites a GBTC Trading Frenzy as Investors Bet on Narrowing Discount to Bitcoin Price 

It's a Bullish Double Whammy for Bitcoin, but Caution Still Warranted

Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say  

SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

The latest price moves in crypto markets in context for August 29, 2023.

Today's episode is sponsored by Kraken Pro and Simpluris.

Today's Stories:

First Mover Americas: Is Bitcoin Close to Breaking Out of Its Current Range?

Bitcoin's Most Loyal Holders Continue Accumulation Despite Price Lull

Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%

FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack     

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From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Plus, Robinhood with $3B in BTC, a ‘Clockwork’ shutdown and more from Sam Bankman-Fried.

Today's episode is sponsored by Kraken Pro and Simpluris

Today's Stories:

Bitcoin Slumps Under $26K as Bearish Outlook Engulfs Crypto Market

Ethereum's Daily Transaction Fees Hits 8-Month Low of $2.8M

Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

Solana-Based Automation Startup Clockwork to Shut Down

Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

Simpluris:  If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights.

You can learn more about the settlement and file a claim here.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Existing payments like FedNow systems are hard to beat, but there may be niches where blockchain companies can play, says EY's Paul Brody.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from Paul Brody, titled: “FedNow Is a Reminder That Payments Aren’t Crypto’s Differentiator.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Both Roman Semenov and Roman Storm were charged; Storm was arrested.

Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from CoinDesk’s Nikhilesh De, titled: “Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks.”

-

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Plus, an FTX and Blockfi cybersecurity incident.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell’s Speech

Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading

Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K

JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

FTX, BlockFi's Customer Data Compromised in Kroll Hack

Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

From our sponsors:

Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto.

It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface.

Head to pro.kraken.com and trade like a pro.

Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

-

This episode was hosted by Michele Musso. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.