First Mover:

Everything you need to make sense of the crypto markets and beyond

By the CoinDesk Markets Team

Edited by Lawrence Lewitinn, Managing Editor, Global Capital Markets

May 3 2021

Sponsored by

Bitcoin (BTC)

-0.6% $54,269

Ether (ETH)

-0.5% $2,764

(Price data as of May 3 @11:00 UTC)

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Good morning. Here's what we're writing about:

Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, at 9 a.m. U.S. Eastern time. Today the show will feature guests:

David Treat, Accenture Senior Managing Director

Martin Gaspar, CrossTower Research Analyst

Nikil Viswanathan, Alchemy Co-Founder & CEO

Biggest Movers

These are the biggest movers in the CoinDesk 20 over the past 24 hours:

Gainers:

Losers:

Aave (AAVE): -6.0%

Cardano (ADA): -4.5%

The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.

Market Moves

by Omkar Godbole

MATIC price chart (Source: Messari)

MATIC futures open interest (Source: bybt)

Solana futures (Source: bybt)

Read the original story here:

A message from Nexo

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* #ZeroFees on all transactions.

* Military-grade wallet security and top-tier insurance on all custodial assets with SOC 2 Type 2 certified crypto custodian BitGo.

Get started at nexo.io

Technician's Take

by Damanick Dantes

Hourly BTC chart shows support and resistance levels with RSI (Source: TradingView)

Original story found here:

A message from CME

Announcing CME Micro Bitcoin Futures (MBT) : Ready for Trading

Tap into the precision of a smaller-sized Bitcoin contract

At 1/10 the size of one bitcoin, MBT futures provide an efficient, cost-effective way to fine-tune bitcoin exposure and to enhance your trading strategies. Enjoy the features of Bitcoin futures, but in a smaller size that gives active traders more choices for managing bitcoin price risk.

BOLO

Be on the look out for these upcoming events:

A message from CoinDesk

Unlocked 101 at Consensus by CoinDesk 2021

The countdown is on to Consensus by CoinDesk, our virtual big-tent event this May.

For those who need a primer or to brush up on the fundamentals, we're hosting Unlocked 101, a free educational series designed to give you the tools you need to navigate crypto.

Sessions run May 4–20, covering the basics of Bitcoin, DeFi, scams and hacks and the NFT boom.

Register for Unlocked 101.

ICYMI

In case you missed it, here's the most recent episode of "First Mover" on CoinDesk TV:

As the crypto industry grows, it is attracting more Wall Street veterans, but can it compete with traditional finance that is also adding crypto services? Bill Powers, a former PIMCO executive now at Arca, joins "First Mover" to discuss business and markets news and share his journey. Also, decentralized lending protocol C.R.E.A.M Finance Co-founder Leo Cheng explains a new initiative to strengthen DeFi security. Plus, techno DJ UMEK on the NFT auction underway for one of his live performances.

Introducing CoinDesk Indexes

TradeBlock, the leader in providing crypto asset indexes to financial institutions, will now assume the CoinDesk name.

Introducing CoinDesk Indexes: the industry standard for institutional-grade digital currency price references with billions of dollars in monthly trading volume quoted against them.

Underlying new brand names, TradeBlock's index methodology will continue to adhere to the standards of integrity and reliability that have always differentiated its indexes.

Read more about CoinDesk Indexes, the industry standard in crypto benchmarks.

Latest Headlines

CoinDesk Research: Does Bitcoin Have an Energy Problem?

Is Bitcoin bad for the environment? This CoinDesk Research report looks at the data behind the most common critiques and shows that, while Bitcoin uses a lot of energy, the mix is evolving toward renewables. Bitcoin also incentivizes investment in clean energy sources, can convert pollution into value, and redistributes wasted power production.
Download the free report.

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.

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