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!
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