Jocelyn Yang Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College’s journalism program. Follow @ _jocelynyang_ on Twitter It’s the list everyone has been waiting for, minus 9.
7 million redacted customer names. But the 116-page FTX creditor list, which names companies including Netflix (NFLX) and Apple (AAPL), still paints a comprehensive picture of the now-bankrupt crypto enterprise’s reach and the impact of its collapse. Want to receive our daily markets updates in your email inbox everyday? Subscribe to our First Mover newsletter here.
Bitcoin ( BTC ): The largest cryptocurrency by market value was recently trading at about $23,000, down 0. 6% in the past 24 hours. Still, BTC has rallied almost 40% in January and could be in position for a big move higher if history is any guide, with its recent upswing paralleling the bull revival of mid-2019 .
Equities closed up as traders processed the latest U. S. GDP report that showed solid economic growth at the end of last year.
The tech-heavy Nasdaq Composite rose 1. 7%, while the S&P 500 and the Dow Jones Industrial Average (DJIA) were up 1. 1% and 0.
6%, respectively. Ether ( ETH ): ETH was trading flat at about $1,600, roughly flat over the past 24 hours. Curve DAO token ( CRV ): Decentralized finance protocol Aave eliminated the bad debt of 2.
7 million of CRV from a botched November trade by Mango Markets exploiter Avi Eisenberg, blockchain data on Etherscan shows. CRV is issued as yield farming rewards to liquidity providers on Curve Finance. It was recently trading at $1.
05, up 2% for the day. Conflux (CFX): Based on CoinMarketCap data, the native token of the layer 1 Conflux blockchain recently soared by 106% to trade at around 6 cents Thursday after it announced it had integrated Little Red Book , China’s version of Instagram. The integration will allow Little Red Book’s 200 million users to be able to display non-fungible tokens ( NFT ) minted on Conflux on their profile pages.
By Glenn Williams Jr. Cryptos’ resilience came even as the U. S Commerce Department reported that gross domestic product (GDP) expanded at an annual rate of 2.
9% for the fourth quarter of 2022, down from 3. 2% in the third, although GDP exceeded expectations for a 2. 6% increase.
Financial markets appear to be reacting positively to what they saw in the latest data, including an unexpectedly low number of jobless claims. “Real disposable income,” which represents personal income after adjustments for taxes and inflation, increased 3. 3%, while the quarter-to- quarter change in gross domestic purchase prices increased 3.
2%, down from 4. 8% in the third quarter. Signs of economic slowdown were present in the data as well, as a 2.
1% increase in consumer spending arrived below expectations of 2. 5%. With consumption accounting for 70% of GDP, investors in risk assets, particularly crypto, will likely be monitoring additional weakness in coming months.
Read the full technical take here. Listen 🎧: Today’s “CoinDesk Markets Daily” podcast discusses the latest market movements and a look to the future of bank-issued stablecoins. Coinbase Fined $3.
6M by Dutch Regulator for Failure to Register Crypto Exchange Mango Markets Sues Exploiter for $47M in Damages Moody’s Developing Scoring System for Stablecoins: Bloomberg Crypto Exchange BIT Expands Product Suite With Toncoin Options Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says UK’s FCA Issues Advice for Crypto Firms After Only 41 of 300 Applicants Win Regulatory Approval DISCLOSURE Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated . The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups .
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