Crypto traders are buying up DOGE in hopes of the token playing a larger role on Twitter, which rebranded as “everything app” X on Monday.
Federal Regulators Are Needed for Crypto Oversight: U.S. Accountability Office
Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says
Japan Signals More Web3 Promotion Policies Are To Come
Japan’s Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.
Binance Says It Intends to File Motion to Dismiss CFTC Complaint
Binance, Changpeng Zhao, and Samuel Lim filed a motion Monday night to ask the court for additional allowed length in its response.
First Mover Asia: Bitcoin Holds Its Latest Foothold at $29.1K While Worldcoin Soars
PLUS: BTC’s positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
Crypto Catalysts: Likely Rate Hike on the Menu as FOMC Begins Latest Monetary Policy Deliberations
The U.S. central bank has been telegraphing its intent in the weeks after halting rate increases last month for the first time in over a year. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Judge in FTX Case Orders Gag on Contact with Media
Putin Signs Digital Ruble Law Making a CBDC Possible in Russia
The new law describes a legal framework for a central bank digital token
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
I Had My Iris Scanned by the Worldcoin Orb, and It Wasn’t as Scary as I Expected
Sam Altman’s identity-verifying Worldcoin Orb is available worldwide as the network launched on Monday.
Crypto Investors Sour on Bitcoin Funds After Massive Inflows, Turn Instead to Ether and XRP
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Ethereum’s Buterin Expresses Concerns Over Sam Altman’s Worldcoin
Worldcoin’s identity system, “Proof-of-Personhood,” faces issues with privacy, accessibility, centralization, and security, according to Buterin.
Bitcoin Drops to $29K as WSJ Ratchets Up Binance Issues, China Warns of Tortuous Recovery
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure
The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, creator of developer tools for zero-knowledge proofs.
First Mover Americas: Bitcoin Starts Week in the Red
The latest price moves in bitcoin (BTC) and crypto markets in context for July 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Worldcoin Release Tokenomics, Report Geofenced for Some Countries
Sam Altman co-founded Worldcoin released its network on Monday.
Dogecoin Rises After Twitter Rebranding, Bitcoin Slides to $29K
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
Bitcoin Long-Term Holders Control 75% of Circulating Supply: Glassnode
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
Ripple’s XRP offerings are unique, and the implications of the court’s ruling are difficult to determine, the report said.
Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe Tokens
One token zoomed 1,200% even though its related project closed in May, data shows.