Celebrating Juneteenth

June 20, 2022 The latest moves in crypto markets, in context Was this newsletter forwarded to you? Sign up here.  Supported by Good morning, and welcome to First Mover. We're out of the office today because it's a federal holiday in the U.S. in celebration of Juneteenth. We'll be back tomorrow, June 21.   For the latest cryptocurrency prices, please go here, and for the latest news headlines, please go here.   Here is our latest update on crypto markets, from CoinDesk's Shaurya Malwa:  Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M   Also take a look at Will Canny's story on CoinShares' report on how the decoupling of Lido's staked ether (stETH) differs from a stablecoin collapse. The report said that a decoupling of ether (ETH) and stETH is not equivalent to the breaking of the link between terraUSD (UST) and the dollar. Read the full story here: Decoupling of Lido's Staked ETH Differs From Stablecoin Collapse, CoinShares Says.    As well as Danny Nelson's piece on Solana's DeFi platform voting to control whale accounts in a bid to avoid liquidation "chaos." Users of Solana-based borrowing and lending service Solend voted Sunday to force a takeover of the protocol's largest account: a "whale" whose "extremely large margin position" was getting, according to Solend contributors, dangerously close to a catastrophic on-chain liquidation cliff. Read more here: Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation "Chaos."   Also have a listen to some of the reporting at Consensus 2022 from CoinDesk's podcast team: Consensus Conversations 2022: Day 1 at ACC and Consensus Conversations 2022: Day 2 at ACC.   And this new episode of Money Reimagined where the hosts look at the positive use cases crypto can bring. They explore recent work by the Bretton Woods Committee, a body that was founded in 1983 to help improve the effectiveness of international financial institutions, such as the International Monetary Fund and the World Bank. Listen here: Crypto's Positive Use Cases: Privacy, Lower Costs and Financial Inclusion.   Enjoy!   Bitcoin (BTC) See the latest price here Ether (ETH)  See the latest price here The SEC wants to hear from investors, like you.   As part of Grayscale's filing to convert Grayscale Bitcoin Trust (Symbol: GBTC) to an ETF, the SEC provides a 240-day review period for anyone to submit comments for consideration.If you support the conversion, write to the SEC by clicking here - you have until the end of June to submit your thoughts.   Your submission matters because: We can level the playing field. To date, the SEC has only permitted Bitcoin Futures ETFs, while rejecting "physically-backed" or Spot Bitcoin ETFs.   The choice should be yours. If you've been waiting for the familiarity and protections of a Bitcoin ETF, we believe you should not be forced into a Futures-based product simply because it's the only one that exists.   You can help take GBTC to the next level, conversion to an ETF. It's already the world's largest Bitcoin fund and regularly reports to the SEC on a voluntary basis as an SEC-reporting company.   Learn more here. This information should not be relied upon as investment advice or a recommendation regarding any security. Visit here for important disclosures. Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.  First Mover A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2022 CoinDesk, All rights reserved.  250 Park Avenue South New York, NY 10003, USA See all of CoinDesk's newsletters | Opt out