Author: NathanofZion

Winegar previously served as the company’s chief revenue office for a number of years.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Over-the-counter desks hold 416,000 bitcoin ($30 billion), a level that has remained stagnant for the past month.

The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention to stakings’ role in digital assets, where hundreds of billions of dollars are on the line.

The Royal Government of Bhutan recently deposited almost 1,000 BTC into a Binance deposit address. It holds some $900 million of the asset.

BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections.

With the exception of the institutional asset RWA theme, most Web3 segments struggle to convince enterprises to hop on board. DePIN is the next most logical beachhead where enterprises will be clamoring to get involved with digital assets, says Outlier Ventures’ John

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Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, crypto analyst Will Clemente said.

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

“The company we’ve built is different from the company dYdX must be,” said the CEO.