Crypto Trading Volume Plunges, New Markets Daily Host
Crypto Market Update: Volume Dips, New Host Announced
The cryptocurrency market experienced a significant downturn in August, with trading volume reaching a 4.5-year low. This sluggish activity comes despite recent market volatility, suggesting a broader shift in investor sentiment. Experts are analyzing the contributing factors, including regulatory uncertainty and macroeconomic conditions.
New Markets Daily Host
CoinDesk's "Markets Daily" podcast welcomes Noelle Acheson as its new host, starting next week. Acheson brings extensive experience, including authoring the Crypto is Macro Now newsletter and serving as CoinDesk's head of research. Her insights will add significant value to the podcast's analysis of market trends.
Tokenization Gains Momentum
A newly formed advocacy group, boasting prominent members like Coinbase, Circle, and Aave, is pushing for wider adoption of blockchain technology in traditional finance. The group aims to accelerate the tokenization of assets, potentially unlocking trillions in value through blockchain-based solutions.
Regulatory Landscape and Industry Outlook
Recent reports highlight the ongoing debate around cryptocurrency regulation. A joint paper from the IMF and FSB warns against blanket bans, emphasizing the need for a more nuanced approach. Despite market challenges and regulatory uncertainty, asset managers remain committed to crypto investments, showing confidence in the long-term potential of the space. Moody's also notes the transformative potential of blockchain and AI within financial markets.
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Sponsored by Kraken Pro: Trade like a pro with Kraken’s powerful, customizable trading platform. Visit pro.kraken.com to learn more. (Not investment advice. Crypto markets are unregulated and inherently risky.)