Dec 6, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including bitcoin's (BTC) latest price action after the largest cryptocurrency by market capitalization edged over $44,000. Elon Musk posted on X (formerly Twitter) that his artificial intelligence startup xAI was not "raising money".

Video transcript

Those drops and finances. New Ceo Fumbles. You're watching Coindesk Daily, I'm your host, Jensen Asi. Let's take a look at the markets. The coin desk, Bitcoin price XPX index is currently at 43,773. Up over 4% on the day. The surge is causing a loss for short traders betting against higher prices. They lost some $90 million on Tuesday alone. According to data source, Coin Glass Asset Manager, Blackrock and crypto investment firm, bit wise, both filed amended forms with the SEC on Monday. They are likely answering questions asked by the regulators and conversations over their spot. Bitcoin ETF applications. Some analysts predict that amendments by the other 11 applicants are likely to follow New B, Ceo Richard Tang's debut on center stage was a bit bumpy in his first public interview at the Financial Times Crypto Digital Asset Summit. Tang didn't give specific answers to simple questions such as where the exchange is headquartered or who the exchange's auditor is t was promoted last month after founder Chen Peng Zhao was forced to step down amid a $4.3 billion legal settlement with the US government a Dogecoin surge started to reverse this morning after Elon Musk said that his artificial intelligence start up. Xa I was not raising money. Doge jumped 7% on Tuesday after an sec filing showed Xa I might try to raise up to a billion dollars and had already raised over 100 and 34 million do. Has historically pumped on Musk's comments and public posts. That's a wrap for Coindesk daily. Get more updates on and we'll see you next time.

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