The effort will accelerate the deployment of zero-knowledge proofs, one of the hottest trends in blockchain technology, they said.
First Mover Americas: BNB Is Being Heavily Shorted
The latest price moves in bitcoin (BTC) and crypto markets in context for July 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
EU’s Data Act Final Draft Still Contains Controversial Smart Contract Kill Switch
Lawmakers appear to have largely ignored pleas from organizations linked to Polygon, NEAR and Cardano about the kill-switch, according to a final version of the text seen by CoinDesk
SEC Launches Review of Latest Bitcoin ETF Applications
The U.S. Securities and Exchange Commission (SEC) has launched its review of the latest bitcoin exchange-traded-fund (ETF) applications.
1inch Token Surges 58% as Daily Trading Volume Spikes to 20-Month High; Investor Moves $3.7M to Binance
The native token of decentralized exchange (DEX) aggregator 1inch (1INCH) has risen by more than 30% in the past 24-hours as trading volume hit $597 million, its highest level since October, 2021.
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life.
Unstoppable Adds Support for ENS Domains
The domain provider will also offer auto renewal for the .eth domains as well as the ability to use fiat payment methods like credit cards.
Next Bitcoin Halving Event Could Be a Stress Test for Miners: JPMorgan
The next halving will see a reduction in miners’ revenues and an increase in bitcoin production costs at the same time, the report said.
Cathie Wood’s ARK Sells Another $50.5M Coinbase Shares
BNB Token is Being Heavily Shorted, Perpetual Futures Show
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
The standard-setter called for crypto companies to adapt now, after allegations of misuse of client funds at FTX
First Mover Asia: Bitcoin Hovers Near $30.3K After Expected Correction. Retail Investor Enthusiasm ‘Likely to Increase’: Analyst
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Coinbase to Pause Staking in California, New Jersey, South Carolina and Wisconsin
tk
DeFi Lender MarginFi Fuels Growth With Loyalty Points, Spurring Talk of ‘Solana Renaissance’
MarginFi has doubled its user base in two weeks after unveiling a loyalty points program that some believe will lead to a token airdrop.
Bitcoin, Crypto Prices Buckle After Altcoin Frenzy on XRP Ruling
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
XRP Trading Volume Surges 1,351% as Major Crypto Exchanges Embrace the Token
The spike in trading activity came after a partial win in a lawsuit against the SEC.
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Binance Cut 1,000 Workers in Recent Weeks: WSJ
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck
This week, Google made a big shift in their policy towards NFTs, allowing apps in the Google Play store to include the ability to buy, sell or earn tokenized assets. Meanwhile, Starbucks Odyssey, the brand’s Web3 loyalty program, announced their next Stamp would be “designed by Aku,” the NFT character launched by former LA Dodgers player-turned-artist Micah Johnson. In other news, Snoop Doog and a16z-backed decentralized music venture Sound announced a $20 million funding round and we got another “phygital” sneaker drop.