The combined effect of expansionary fiscal and monetary policies should support bitcoin long term as a hedge against fiat debasement and profligate spending, the report said.
Europe’s First Spot Bitcoin ETF Lists in Amsterdam
Jacobi first won approval for the fund in October 2021 with plans to list it in 2022. However the firm opted to push back its plans due to inopportune circumstances elsewhere in the digital asset market.
Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure
The ZK rollup is built on Polygon Supernets, a program designed to make it easier for developers to spin up new application-specific blockchains.
HBAR Rallies on FedNow Addition of Hedera-Based Dropp
The token has now rallied nearly 50% over the past two months.
Neal Stephenson’s Metaverse Vision Is One Step Closer as Lamina1 Blockchain Launches Betanet
The metaverse-focused layer 1 blockchain, dreamed up by science-fiction author Neal Stephenson and blockchain expert Peter Vessenes, is launching the Lamina1 Hub for Web3 builders and creators.
First Mover Americas: Hedera’s Token Gains on Fed Move
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains
Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.
Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein
New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said.
BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
The viral token reached an $80 million market capitalization earlier this month before falling 90% – and failing to grow since.
Donald Trump Holds Up to $500K in Crypto
The former U.S.president launched a NFT series last year.
Pro-Bitcoin Candidate Javier Milei Unexpectedly Leads in Presidential Voting in Argentina
Milei had been tabbed to finish no higher than third in Sunday’s preliminary election.
Disappearance of $900K Puts Focus on Vintage Bitcoin Project Libbitcoin
The issue, dubbed “Milk Sad,” was discovered in late July by information security firm Distrust.
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.
Base Is Here, But Some of Its Projects Raise Red Flags
This week, Coinbase launched its new Base blockchain while DeGods NFTs are way up after the project announced its upcoming Season III series. Plus, Microsoft and Aptos are teaming up to launch new blockchain AI tools.
Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC’s Coinbase Lawsuit
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.
Sam Bankman-Fried Jailed Ahead of Trial
FTX founder Sam Bankman-Fried has been remanded into custody ahead of his October trial on multiple financial crime charges after a federal judge revoked his release on bond.
‘Good Luck’ Convincing a Jury: Cameron Winklevoss Rebuts DCG Court Filing
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini’s Earn lending service.
Visa Eyes Mass Adoption of Crypto by Testing On-Chain Gas Fee Payment Through Fiat
Visa says managing ether (ETH) balance to cover gas fees is “burdensome” and too complex, according to a blog post.
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds.