House lawmakers cleared stablecoins legislation for the next step in its route through Congress on Thursday, though the House Financial Services Committee moved the bill toward a potential floor vote without bipartisan support as Chair Patrick McHenry (R-N.C.) blamed White House objections for the stalemate.
First Mover Asia: Some Bitcoin Whales Appear Content to Wait for the Next Price Catalyst
PLUS: BTC continued to trade above $29.2K, slightly down over the past 24 hours amid another day of low volatility.
Bitcoin Wobbles, Then Regains Its Balance Above $29.2K; ETH, DOGE, MATIC Fall
The largest cryptocurrency ticked down for a couple of hours after a report that the Bank of Japan was mulling a change to its yield curve control policy before regaining ground.
Grayscale Urges Equal Treatment for All Spot Bitcoin ETF’s in Letter to SEC
If the SEC decides to change course and approve one or more of of the current spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said.
KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes
The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned.
Sequoia Capital Slashes Crypto Fund From $585M to $200M : WSJ
The vaunted VC firm told investors earlier in the year it would shrink the fund to reflect a changed market.
Disgraced U.S. Congressman George Santos Involved Crypto in Nigerian Prince-Like Scheme: NYT
A source told The New York Times that Santos and two others appeared to try a crypto-centric version of the classic Nigerian prince email scam.
Crypto Bill Advances Out of House Agriculture Committee
The House Agriculture Committee advanced the Financial Innovation Technology for the 21st Century Act, a day after the House Financial Services Committee did.
Worldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says CoinFund
Worldcoin could onboard “billions of users” into crypto, said CoinFund.
Bitcoin May Reach $300K by 2028 Halving, Says $1.6B Asset Manager
The Morgan Creek Capital Management founder said that bitcoin will reach $300,000 by Bitcoin’s 2028 halving.
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin with Up to 8% Reward
The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
Suku May Beat Musk to Crypto Twitter Payment Adoption
Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs on Twitter.
RFK Jr: Bitcoin ‘Currency of Freedom’; Canadian Government Morphed Into ‘Monster’ During Trucker Protests
The Democratic presidential candidate made the comments during a Twitter Spaces conversation with prominent Bitcoiners on Wednesday.
Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions
Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics.
White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry
The move comes a day after the finance-focused lawmakers agreed bills on crypto market structure
Israel Consults Public on DAO Regulation, Sets Up Special Examination Team
The team will examine required corporate status, taxation other aspects of DAOs to “create legal certainty” and reduce risks, the government has said.
First Mover Americas: BTC and ETH CME Futures See Record Participation From Big Traders
The latest price moves in bitcoin (BTC) and crypto markets in context for July 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Broker Hidden Road Collaborates With Confidential Exchange Enclave Markets
Enclave’s Fully Encrypted Exchange, or FEX, creates a confidential trading environment rather like a dark pool in traditional markets.
Palm Foundation to Scale Its Native Network to Support NFT Minting and Trading
In partnership with Consensys and Polygon Labs, the Palm Network will evolve to facilitate more efficient NFT minting and trading for its 1.7 million registered wallet addresses.
Amazon Expands Managed Blockchain Services
The tech giant moves deeper into Web3 infrastructure with AMB Access and Query services for developers.