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Elon Musk accused of insider trading (again) to rake in $124 million from Dogecoin sales by temporarily changing Twitter logo to a Shiba Inu
The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.
- Elon Musk Twitter Dogecoin price
Crypto insurer Evertas authorized to offer largest single crypto insurance policy
London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. Currently only 2-3% of global cryptoassets are believed to be insured, Evertas said. "This is the single largest policy that can be approved from one insurance company," Evertas chief executive officer J. Gdanski told Reuters.
First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
- jobs report Derivatives Exchange market capitalization
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