Share this article
First Mover Americas: Goldman to Spend Big on Crypto Post-FTX
The latest price moves in crypto markets in context for Dec. 6, 2022.
Updated Mar 3, 2023, 7:00 p.m. Published Dec 6, 2022, 1:15 p.m.
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
CoinDesk Market Index (CMI) 862.60 −16.7 ▼ 1.9% Bitcoin $16,982 −276.6 ▼ 1.6% Ethereum $1,256 −34.0 ▼ 2.6% S&P 500 futures 4,009.50 +6.3 ▲ 0.2% FTSE 100 7,545.50 −22.0 ▼ 0.3% Treasury Yield 10 Years 3.6% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Top Stories
Investment bank Goldman Sachs (GS) is looking to spend tens of millions of dollars on crypto firms whose valuations have been hit after the implosion of crypto exchange FTX. Goldman sees a need for trustworthy and established players in the crypto market. "We do see some really interesting opportunities, priced much more sensibly," Mathew McDermott, Goldman's head of digital assets, told Reuters.
Bitcoin mining difficulty has dropped the most since July 2021. Miners are caught between rising costs and the declining price of bitcoin. The difficulty of mining a bitcoin block fell by 7.32% Tuesday. The adjustment at block height 766,080 is the biggest downward change since July 2021, data from mining pool BTC.com shows. That was when hordes of miners dropped off the network following China’s ban on the industry.
Gridless, a bitcoin mining company, has raised $2 million in a seed funding round led by Twitter co-founder Jack Dorsey’s payment company Block (SQ) and venture firm Stillmark. Gridless helps generate new sources of energy in East African rural communities. The investment will support the company’s expansion of bitcoin mines across African markets. In its first year, Gridless has contracted five project pilots in rural Kenya with African hydroelectric energy company HydroBox.
Chart of the Day
- The chart shows the yield on the U.S. 10-year Treasury inflation-indexed security going back to July 2021.
- The so-called real or inflation-adjusted yield has pulled back to the bullish trendline representing the rally since March.
- A potential turn higher from the trendline might lead to renewed risk aversion to traditional markets and add to the gloom and doom in the crypto market.
- Like gold, bitcoin moved in the opposite direction to the real yield early this year.
Trending Posts
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Robinhood Stock Slides 8% After Big Decline in November Trading Volumes
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
알아야 할 것:
- Robinhood reported a sharp drop in trading volumes across equities, options and crypto in November.
- The company's total platform assets also fell 5% month-over-month to $325 billion.
- The slowdown in trading activity raised investor concerns that retail engagement may be fading heading into year-end.
Top Stories
