First Mover Americas: BTC Crosses $30K and Bitcoin Layer 2 Stacks Networks Gains 15%

The latest price moves in crypto markets in context for June 22, 2023.

AccessTimeIconJun 22, 2023 at 12:18 p.m. UTC
Updated Jun 22, 2023 at 3:59 p.m. UTC

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

Latest Prices


Top Stories

Bitcoin extended its rally on Thursday after surpassing the $30,000 mark for the second time this year the day before. Bitcoin rose almost 5% in the past 24 hours to $30,219. The cryptocurrency has been on an upward trajectory since last week after BlackRock announced it had applied to the U.S. Securities and Exchange Commission for a spot bitcoin exchange-traded fund (ETF). Amongst altcoins, Stacks (STX), the native token of Bitcoin layer 2 Stacks Network, gained 16% on the day. Some traders have been speculating that with the recent positive news for bitcoin from institutional players, other assets related to bitcoin have also performed well. For example, litecoin and bitcoin cash are also up on the week.

CACEIS, the asset servicing arm of banking giants Credit Agricole and Santander, has been registered by French regulators to provide crypto custody services. CACEIS Bank, which provides services to asset managers such as insurers, pension funds and private equity, was registered by the Financial Markets Authority (AMF) as of Tuesday, June 20, according to the regulator’s website. It joins other traditional finance firms such as Societe Generale's Forge and AXA Investment Managers in being recognized under one of the most advanced crypto regulatory frameworks in Europe, as the European Union prepares to impose new crypto licensing rules known as MiCA as of 2024.

Three Arrows Capital (3AC) is stirring up the crypto community again, this time with a surprise comeback using the same name, only in the guise of a venture capital (VC) firm. On Wednesday, OPNX, the bankruptcy claims exchange co-founded by CoinFLEX executives and two people behind the defunct 3AC hedge fund, said it has a new partner: 3AC Ventures. The partners will “invest in projects building in the OPNX ecosystem and working toward a decentralized future,” OPNX tweeted. 3AC Ventures has a website that says the new firm "is focused on superior risk-adjusted returns without leverage.” Hedge fund 3AC collapsed last year after suffering heavy losses during the implosion of Terra’s LUNA stablecoin.

Chart of the Day

  • The chart shows changes in bitcoin's price and the 12-, 26- and 50-day simple moving averages (SMA) of the cryptocurrency's price since January.
  • "We are watching for the 12-day SMA to pass through the 26-day SMA...this cross has been a strong buy signal in the past," over-the-counter liquidity network Paradigm said in a market note.

Trending Posts

Edited by Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.