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Bankruptcy Claims Exchange OPNX Issues New Governance Token

Bankruptcy claims exchange OPNX has issued a new governance token dubbed "Open Exchange token" (OX), which is designed to reduce trading fees on the platform. The platform's existing native token, FLEX, surged after it was revealed in the whitepaper that FLEX can be converted for OX at a ratio of 1:100. "The Hash" panel discusses what this means for OX holders and the broader crypto ecosystem.

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InvestHK’s King Leung Explains Hong Kong’s Crypto Exchange License Application Process

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1. InvestHK head of financial services and fintech King Leung outlines the recent updates to Hong Kong’s crypto regulations, noting exchanges that have not been operating in Hong Kong prior to June 1, 2023, will now “have to apply for a license” in order to legally operate.

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Nestcoin CEO on Real World Utilities of Stablecoins in Nigeria

Nestcoin CEO and co-founder Yele Bademosi discusses the real world utility of digital assets in Nigeria, citing the use of stablecoins like USDT in cross-border money movements.

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Nestcoin CEO Addresses State of Crypto Adoption in Nigeria

Nestcoin CEO and co-founder Yele Bademosi discusses the state of crypto adoption in Nigeria and the citizens' awareness of digital assets after the country's government recently approved a national blockchain policy as part of the country's effort to transition to a digital economy.

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Twitter Has No 'Actual Choice' About Government Censorship Demands, Elon Musk Says

Twitter has been criticized for complying with over 80% of government takedown requests under Elon Musk’s leadership, according to multiple media reports. CoinDesk Executive Director of Global Content Emily Parker discusses the social media platform's guidelines after Musk has previously referred to himself as a “free speech absolutist."

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Bitcoin Below $27K as U.S. Debt Ceiling Bill Passes House, Moves to Senate

The House of Representatives passed the debt ceiling bill on Wednesday night, days before Treasury Secretary Janet Yellen said the U.S. would run out of money to pay its bills on time. "First Mover" discusses the impact of the legislation on the crypto markets ahead of the Federal Reserve's upcoming decision on interest rates in June.

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Bitcoin Slips Below $27K After First Monthly Loss Since December

Bitcoin (BTC) saw its first monthly loss since December, as crypto markets have struggled in recent weeks amid uncertainty over the U.S. debt limit and inflationary concerns. Todd Groth, CFA, Head of Index Research at CoinDesk Indices, joins "First Mover" to discuss the stagnant price action in the crypto markets and takes a closer look at the CoinDesk Market Index’s select monthly performance.

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Hong Kong Securities Regulator Accepting License Applications for Crypto Exchanges

Hong Kong's Securities and Futures Commission (SFC) will begin accepting applications for crypto trading platform licenses on June 1, according to an earlier announcement. King Leung, Head of Financial Services and Fintech at InvestHK, joins "First Mover" to break down the state of crypto adoption and regulation in Hong Kong.

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Bitcoin Slips Closer to $27K; Sen. Warren Calls for Shutdown of Crypto Funding for Fentanyl

CoinDesk's Jenn Sanasie breaks down the major stories shaping the crypto industry on "CoinDesk Daily" as bitcoin (BTC) slips closer to $27,000, after a top U.S. Federal Reserve official said there is no compelling case to halt the central bank’s rate hike cycle. This comes as U.S. Sen. Elizabeth Warren (D-Mass.) argues for legislation to shut the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing. Separately, the European Union formally signed its landmark Markets in Crypto Assets (MiCA) regulation into law, taking the bloc closer to becoming the first major jurisdiction in the world with tailored rules for the sector.

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Rep. Davidson on State of U.S. Crypto Sector

Rep. Warren Davidson (R-Ohio) weighs in on the future developments of crypto services and fintech companies in the U.S. The Congressman told "First Mover" in part, "we've set up the protocols and architecture for every major innovation since the industrial revolution...why would we bail now on fintech?"

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