First Mover Asia: Bitcoin Flirts With $23.4K as Jerome Powell Repeats Comment About Waning Inflation; Market Weighs DCG-Genesis Deal With Creditors

Good morning. Here’s what’s happening:

Prices: Crypto prices continue their cautious move upwards as Fed Chair Jay Powell continues to hint that the war on inflation is nearing its end. Meanwhile, investors are breathing a sigh of relief after DCG and Genesis have reached a deal with creditors.

Insights: Alameda Research, a once mighty force in the crypto investment world, will not be missed, say venture capital stakeholders.