Author: CoinDesk Staff
Archives for May 2023
Binance Says ‘Reevaluating’ Roles After Report of Layoffs
The firm will “focus on talent densite” ahead of the next bull market, a spokersperson told CoinDesk. Author: Eliza Gkritsi
Bitcoin Recedes to $27K as Fed’s Mester Favors Unabated Tightening
“I don’t really see a compelling reason to pause rate hikes,” Fed’s Master said, validating the recent hawkish repricing of interest rate expectations in the U.S. Author: Omkar Godbole
Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday. Author: Jocelyn Yang
ProShares’ Bitcoin Futures ETF Increasingly Underperforms BTC This Year: K33 Research
The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price. Author: Krisztian Sandor
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