Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed’s 2% goal.
CoinDesk
MakerDAO’s $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock’s BUIDL, Ondo, Superstate
MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.
Why Blockbuster Games Will Soon Be Built on Modular Appchains
Mainnets like Ethereum’s aren’t suitable for major (AAA) game development. The only real solution is a horizontally scalable blockchain coupled with modularity and a gas-free experience for end-users, says Jack O’Holleran, CEO of SKALE Labs.
Traditional Money Launderers Appear to Be Using Crypto, Chainalysis Says
The crypto tracing company’s latest report shines a light on potential money laundering.
CoinDesk 20 Performance Update: XRP Gains Amid Overall Index Decline
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.
SEC Drops Investigation of Bitcoin L2 Stacks Builder Hiro, Filing Says
The conclusion of the probe into the company formerly known as Blockstack, which raised $70 million via token sales from 2017 to 2019, is another win for the crypto industry in its years-long struggle with the regulator.
XRP is the Sole Major in Green as Bitcoin Bulls Remain Sidelined
BTC prices fell after Thursday’s U.S. CPI readings, dragging down the broader crypto market.
First Mover Americas: BTC Retreats From $60K
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
DEX Aggregator Rage Trade to Issue Token on Buzzy New Layer 1 Blockchain Hyperliquid
Decentralized exchange aggregator Rage Trade has announced plans to issue a new token via a liquidity generation event and a token sale on layer-1 blockchain Hyperliquid.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
Bitcoin Bulls Fail Again, But There Is Still Hope
Bitcoin could not topple a key resistance on Thursday despite positive U.S. inflation report.
Biden’s Odds of Dropping Out Jump Again on Polymarket Ahead of President’s Press Conference
Prediction market traders now see a 65% chance the president will quit the race.
Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler
A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday.
Germany Almost Done Selling Bitcoin, Holding Less Than 5K Tokens After Latest Moves
There’s less than 5,000 bitcoin left in wallets linked to German authorities after Thursday’s transfers, down from the 50,000 BTC that was confiscated, blockchain data shows.
Why I Chose Bitcoin Ordinals to Release ‘Frontline’
Artist Alexis André explains the attraction of Bitcoin for releasing his latest generative art collection.
SEC Commissioner Grilled on Bitcoin ETFs as Senators Weigh U.S. Regulator Nominees
Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC) told senators on Thursday that rampant fraud in crypto markets left her unwilling to approve bitcoin exchange traded products earlier this year.
Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside
A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbling together.
How Digital Collectibles Are Shaping Athlete Legacies
NFTs and blockchain-based gaming are transforming the way we connect with pro sports, says Matt Novogratz, Co-Founder of Candy Digital.
Why AI’s Energy Use Isn’t Demonized Like Bitcoin’s
AI’s utility is more obvious to everyday people than crypto’s, and AI’s risks are so much greater that power consumption fears seem beside the point.
Coinbase Unveils Web App to Track Personal On-Chain Wallets
Jumping in on a continued effort by wallet makers to simplify access and user experience, particularly for newcomers, Coinbase (COIN) is introducing an app that lets users manage all of their on-chain wallets and activities in one place, the company announced Thursday.
Hacks, Rug Pulls Cost BNB Chain $1.6B Since Inception: Immunefi
More than $1.6 billion has been lost to hacks and rug pulls on BNB Chain since 2017, making it the primary target for criminals, Immunefi said.
DePIN Doesn’t Need New Infrastructure
The devices in our hands form the basis for a decentralized internet, says William Paul Peckham, Chief Business Officer of APhone.
Crypto for Advisors: Crypto and Compliance
The coming years are crucial for compliance and risk in crypto. Beth Haddock discusses strategies advisors can take to protect their brand while serving clients as fiduciaries.
Iggy Azalea’s MOTHER Token Jumps Over 50% After Partnering With DWF Labs
MOTHER jumped over 25% after the announcement to nearly 4 cents.
From Coin-Operated Machines to Token-Operated Gaming
On-chain games that establish a community-driven governance model, where players actively participate in decision-making, provide real ownership and accountability to the gaming community, says Ben Rubin, CEO & co-founder, Towns.
