Venture Capital Firm a16z Unloads $7M of MKR Tokens as Price Soars
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the transactions.
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DeFi Headed Toward a ‘Major Resurgence,’ Tribe Capital’s Boris Revsin Says
The managing partner of the $1.6 billion investment firm says infrastructure is the key to turning crypto into a $10 trillion industry.
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.
Crypto Firm Flashbots Raises $60M in Paradigm-Led Round
The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge
The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
How Bitcoin Miners Can Stay Clear of SEC Scrutiny (and Fall Foul of It)
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
Riot Platforms at the Heart of Texas' Debate Over Bitcoin Mining’s Effect on the Grid
The world’s biggest bitcoin mine has drawn the ire of some local residents concerned with Bitcoin's community impact.
Overheard at EthCC — Is Crypto Back, Boosted by Artificial Intelligence?
The intersection of AI and crypto has everyone riled up, but there is little agreement on what is its best iteration.
Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain
The program follows Avalanche’s initiative to financial institutions to test blockchain services on one of its subnets.
Namibia's Crypto Assets Bill Is Now a Law
Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia.
Optimism Tokens Worth $36M to Be Unlocked on Sunday; OP Slides 3.5%
Layer-2 blockchain Optimism is set to unlock $36 million worth of tokens on Sunday, and the anticipated increase in supply spurred a 3.5% slump in the blockchain's native token (OP) on Tuesday.
ZkSync's Largest Lender Struck by $3.4M Exploit
EraLend, the largest lending protocol on Ethereum scaling blockchain zkSync, has been hit by a $3.4 million reentrancy attack, according to blockchain security firm CertiK.
First Mover Americas: Bitcoin at $29K Continues to Trade Near One-Month Low
The latest price moves in bitcoin (BTC) and crypto markets in context for July 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana-Based NFT Marketplace Exchange.art to Expand Into Ethereum
Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021.
Worldcoin Token Slumps Amid Crypto Community Unease
Concerns around privacy, security and reported connections to Sam Bankman-Fried and Three Arrows Capital have raised eyebrows in the crypto community.
Crypto Exchange Rain Obtains License to Operate Virtual Asset Brokerage, Custody Service in UAE
Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets.
Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July
A 25 basis point rate hike on Wednesday is a foregone conclusion. The question is whether the Fed will continue to raise rates in subsequent months.
UK Information Commission to Make Inquiries About Worldcoin
The firm has claimed that they comply with "very, very local and very specific rules and regulations in each of the markets where there's an Orb."
Dogecoin Bumps 10% on X Payments Speculation, DOGE Futures Traders Lose $10M
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 Coming
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: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. The Personal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.