Good morning. Here’s what’s happening: Prices: BitBull Capital's Joe DiPasquale says that a rate hike pause has helped the market, but rate cuts are what's needed to stop it from struggling in the future. Insights: Indonesia updates its list of digital assets approved for trading in the country. Is its motivation to increase tax revenues? Prices CoinDesk Market Index (CMI) 1,108 −5.5 ▼ 0.5% Bitcoin (BTC) $26,366 −144.8 ▼ 0.5% Ethereum (ETH) $1,724 −2.9 ▼ 0.2% S&P 500 4,409.59 −16.3 ▼...

Good morning. Here’s what’s happening: Prices: The Consensus 2023 festival brought builders and investors to Austin, and wrapped up Friday night with attendance records that broke expectations. But bitcoin (BTC) is opening the trading week in Asia flat. Insights: Crypto developers and other industry stalwarts who attended Consensus were upbeat about the industry's future, but U.S. regulatory actions remain an obstacle, CoinDesk journalists noted from Consensus 2023. Catch the latest episodes...

Bankruptcy claims trading market Xclaim has closed a $7 million Series A funding round, the company said Tuesday. Xclaim allows for the trading of major bankruptcy creditor claims, including FTX, CoinDesk sister company Genesis and BlockFi. Currently, FTX claims are going for 19 cents on the dollar, up from 13 cents earlier this year, while Genesis is going for 52.5 cents and BlockFi for 18 cents. “To further enhance liquidity, we intend to use the capital from our recent fundraise to expand...