CoinDesk

The bullish news continued on Thursday morning, but sellers remained in control of the market.

The crypto market pulled back from the first-quarter’s record highs during the three-month period.

The combination of political support, institutional adoption and favorable economic policies sets the stage for a potentially significant upward trajectory.

Sitting on the sidelines during the democratic process means you can’t complain about the result, the CEO and co-founder of a DAO vote-counting protocol argued in an interview.

The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.

ICP dropped by 5.3% and RNDR fell by 4.1% in overnight trading.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

MetaDAO, a Solana experiment in governance by “futarchy,” raised a total of $2.2 million to fund operations.

The platform witnessed a 29.8% jump in retail lending between the first and second quarters.

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin’s Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.

This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.

The company’s loss per share doubled to $0.32.

The most expensive bright orange, high-top sneakers are already sold out and being relisted on eBay for as high as $2,500.

The fund will be used to develop an accelerator program for projects built on Aptos.

Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.

The price action happened as Iran’s leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.

In this week’s issue of CoinDesk’s newsletter on blockchain tech, we examine U.S. Senator Cynthia Lummis’s call for a national “Bitcoin Strategic Reserve.” We’ve also got photos from the Bitcoin Nashville conference, where it seemed like nearly everyone was talking about staple-gunning layer-2 networks onto the original blockchain.

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The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.

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Two American artists filed suit against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking a declaratory judgment from a Louisiana court that their forthcoming non-fungible token (NFT) projects would not violate U.S. securities laws.

Analyzing previous crypto market cycles helps us understand the current one, says Kelly Ye, head of research at Decentral Park Capital.

Research from EY-Parthenon shows that many institutional and retail investors want to increase allocations to digital assets and digital assets related products, Prashant Kher, Senior Director at EY-Parthenon.

Bitcoin holdings of Mt. Gox wallets are down to $3 billion from $9 billion a month ago, Arkham data shows.

To get listed on major exchanges, many crypto projects are over-inflating their valuations at launch, scaring away investors. How do founders get exposure to VC funding without playing the inflation game? CoinDesk columnist Azeem Khan, a VC himself, has some ideas.

Project Pyxtrial is a first step towards a tool that could support supervisors and regulators in proactively detecting issues in stablecoin backing, the report said.

Simon’s Cat is one of the world’s biggest cat meme brands and animation series by social media followers.

XRP and SOL led the charge in overnight trading, driving the CoinDesk 20 Index 1.3% higher.

The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.