The cryptocurrency market saw mixed results after January’s job report came in much higher than expected.
Bitcoin dips post-jobs report, and Core Scientific to hand over rigs to pay debt: CNBC Crypto World
As of noon Eastern time, Bitcoin dropped to around $23.5K while Ether fell more than 1%. However, Polygon saw an increase, trading at $1.32. Despite the recent dip, Bitcoin is up about 3% since last Friday, and its dominance in the cryptocurrency market has risen by 10% since the start of the year.
Microstrategy’s Executive Chairman, Michael Saylor, spoke about the company’s recent losses in an interview. Microstrategy posted a digital asset impairment charge of over $197 million on its Bitcoin holdings in its latest earnings report. Saylor stated that the loss does not change the company’s strategy around Bitcoin acquisition and that he remains bullish on the cryptocurrency. He also discussed the need for clear guidelines and rules in the industry to provide a constructive framework for digital assets.
The Justice Department’s Fraud Section is reportedly investigating Silvergate Capital and its dealings with FTX and Alameda Research. Prosecutors are looking into the crypto-focused bank’s dealings as part of a criminal probe. This comes after a bipartisan group of U.S senators sent a letter to Silvergate asking for details about its risk management practices and dealings with the now-bankrupt crypto exchange. Silvergate has not been accused of any wrongdoing, and the investigation is in its early stages.
Andrew Thurman of Nansen laid out the future of staked ETH ahead of the Shanghai upgrade. Thurman discussed the potential for staking to drive decentralization and liquidity in the Ethereum ecosystem. He also spoke about the importance of providing staking services to a wide range of users, from individual stakers to institutional stakers.
Watch the full show for a discussion with Andrew Thurman, head of content at Nansen, who discusses the analytics firm’s research on liquid staking and what to expect from the Ethereum network’s next upgrade.
Chapters:
00:00 – CNBC Crypto World, Feb 3, 2023
0:26- Bitcoin dips
1:14- The headlines
4:25 Andrew Thurman of Nansen
About CNBC Crypto World:
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.
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