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Venture Capital Firm a16z Unloads $7M of MKR Tokens as Price Soars

[Jul 25, 2023 12:07 PM] Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the transactions.

DeFi Headed Toward a ‘Major Resurgence,’ Tribe Capital’s Boris Revsin Says

[Jul 25, 2023 11:27 AM] 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

[Jul 25, 2023 11:09 AM] 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

[Jul 25, 2023 10:53 AM] The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).

Digital Shovel Unveils NanoPOD, A Compact And Efficient Bitcoin Mining Solution

[Jul 25, 2023 10:50 AM] Digital Shovel, the industry leading manufacturer of turnkey, mobile crypto mining containers, has announced the launch of their latest innovation, the NanoPOD. Designed specifically for small to medium mining operations, the NanoPOD stands out as…

U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge

[Jul 25, 2023 10:37 AM] 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

[Jul 25, 2023 10:30 AM] “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.”

Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs

[Jul 25, 2023 9:10 AM] A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.

Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain

[Jul 25, 2023 8:39 AM] 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

[Jul 25, 2023 8:37 AM] Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia.

Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy

[Jul 25, 2023 8:30 AM] On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a total of nine such block rewards from the 2010 era have…

Optimism Tokens Worth $36M to Be Unlocked on Sunday; OP Slides 3.5%

[Jul 25, 2023 8:28 AM] 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

[Jul 25, 2023 7:34 AM] 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.

Worldcoin Officially Launches, Announces Orb Rollout Expansion in More Than 35 Cities

[Jul 25, 2023 7:30 AM] Worldcoin, the decentralized biometric ID protocol, has officially launched, allowing users to reserve their share of WLD, the incentives-driven token of the protocol, that will be granted when confirming one’s identity using a biometric…

First Mover Americas: Bitcoin at $29K Continues to Trade Near One-Month Low

[Jul 25, 2023 7:17 AM] 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

[Jul 25, 2023 7:00 AM] 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

[Jul 25, 2023 5:50 AM] 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

[Jul 25, 2023 5:36 AM] 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.

Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay

[Jul 25, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two…

Fed Preview: Crypto Observers See Powell Keeping Door Open for Rate Hikes Beyond July

[Jul 25, 2023 3:27 AM] 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

[Jul 25, 2023 3:20 AM] 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

[Jul 25, 2023 1:58 AM] 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

[Jul 25, 2023 12:47 AM] 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

[Jul 24, 2023 10:37 PM] 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.

Economist Jim Rickards States BRICS Currency Will Leverage Gold to ‘Destroy the Dollar’

[Jul 24, 2023 10:30 PM] Jim Rickards, economist and best-selling author, has explained the possible repercussions of issuing a BRICS bloc currency for the dollar. For Rickards, the “bric” (the name he gives to the BRICS currency) will be anchored (but not…

Binance Says It Intends to File Motion to Dismiss CFTC Complaint

[Jul 24, 2023 7:29 PM] 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

[Jul 24, 2023 7:18 PM] 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

[Jul 24, 2023 6:00 PM] 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.

US Presidential Candidate Robert F. Kennedy Jr. To Speak At Mining Disrupt Bitcoin Conference

[Jul 24, 2023 5:11 PM] US Presidential candidate Robert F. Kennedy Jr. was recently announced as a speaker at the upcoming Mining Disrupt 2023, a highly anticipated event in the Bitcoin mining community, taking place in Miami on July 25-27th at the Miami Airport…

Judge in FTX Case Mulls Gag Order on Contact with Media

[Jul 24, 2023 11:41 AM]