Updated every 2 hours
- When Do Secondary Token Sales Violate Howey?by Nikhilesh De at 2:30 am
A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB.
- The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cashby Bradley Keoun at 6:15 pm
Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.
- Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposuresby Camomile Shumba at 4:19 pm
The Basel Committee's framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
- DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Weekby Krisztian Sandor at 3:48 pm
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
- Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Reportby Danny Nelson at 3:21 pm
- Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuantby Oliver Knight at 3:17 pm
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.
- Insurance Is the Silent DeFi Guardianby Q Rasi at 3:00 pm
There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs.
- The Case for Crypto Index Fundsby Adam Guren at 3:00 pm
There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill.
- Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Securityby Ian Allison at 2:00 pm
The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.
- CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumblesby CoinDesk Indices, Tracy Stephens at 1:36 pm
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.
- Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analystby Omkar Godbole at 1:31 pm
BTC has already dropped 14% in four weeks.
- Obol Labs Forms Industry Group to Push for Decentralized Validator Technologyby Sam Kessler at 1:00 pm
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of "distributed validator technology," or DVT.
- What Bitcoin and the American Dream Have in Commonby George Kaloudis at 1:00 pm
Bitcoin and America mean different things to different people. Both may have been captured by corporate interests. And both are all about freedom.
- First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Loomsby Jamie Crawley, Omkar Godbole at 12:05 pm
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
- Solana Meme Coin MEW's Cat Character to Feature on Trending Telegram Mini Gameby Shaurya Malwa at 12:00 pm
The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.
- Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxyby Will Canny at 11:53 am
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
- TradFi Liquidity Stress Indicator Surges. What Does It Mean for BTC?by Omkar Godbole at 11:19 am
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.
- Ahead of the U.K. Election, Major Parties Remain Silent on Crypto Issuesby Camomile Shumba at 11:06 am
The U.K. is set to hold its first election in five years on Thursday and crypto is not a campaign-trail issue.
- Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle Eastby Jamie Crawley at 10:30 am
The acquisition will provide a boost to BitOasis' plans to expand its presence across the region.
- Trump-Biden Tussle Sees PoliFi Sector Lose Lustre as BODEN Drops 95% From Peakby Sam Reynolds, Shaurya Malwa at 9:54 am
Token is down 70% on-week, or 82% on-month as the world wonders if Biden will end his campaign.
- Crypto Industry Is About to Boom, Is Outperforming the Internet: Architect Partnersby Will Canny at 9:02 am
The digital asset industry added more than $750 billion in value in the first half of the year, the report said.
- Pre-ETF Ether Options Trend Mirrors BTC Except for One Key Differenceby Omkar Godbole at 8:01 am
- Bitcoin Sinks Under $61K as One Trader Sticks to $150K Prediction This Yearby Shaurya Malwa at 7:48 am
U.S.-listed ETFs ended a five-day inflow streak with $13 million in net outflows on Tuesday.
- Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Groupby Parikshit Mishra at 7:25 am
The firm will tokenize the real estate assets in several tranches.
- U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forwardby Sam Reynolds at 5:59 am
The class action suit from DraftKings buyers alleges that NFTs are investment contracts.
- Bittensor’s TAO Slides 15% After $8M Wallet Drain Attackby Shaurya Malwa at 5:56 am
The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.
- Biden's Odds of Dropping Out Jump to 55% on Polymarket as Obama Raises 'Concerns' About Presidential Campaignby Sam Reynolds at 5:37 am
Traders are now giving a 55% chance President Biden abandons his campaign and a 42% chance he does it before the Democratic convention
- Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarketby Marc Hochstein at 10:35 pm
Supporters are calling on the vice president to step up following boss Biden's doddering debate debacle.
- DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Droppedby Cheyenne Ligon at 7:24 pm
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.
- Welcome to DePIN Summerby Scott Foo at 6:46 pm
Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an “economy of things,” where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs in.
- Investors Added Money to Bitcoin ETFs Even as Prices Slipped 7% in Juneby Helene Braun at 4:36 pm
Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin tumbled 7%.
- Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceedsby Camomile Shumba at 3:38 pm
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.
- Crypto Exchange Kraken Is Considering Going Nuclearby Will Canny at 3:27 pm
Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk.
- Decentralized Science: A Better Way to Fund and Grow Breakthrough Ideasby Azeem Khan at 2:31 pm
Imagine if the next blockbuster medication could be funded through a decentralized, transparent process? This would not only democratize the funding of critical research, but also ensure that rewards and recognition are fairly distributed among all contributors, says Azeem Khan.
- Pump.Fun Overtakes Ethereum With $2M in Daily Revenue to Take No. 1 Positionby Oliver Knight at 2:22 pm
Celebrity-inspired meme coins have spurred a surge in revenue for token launchpad Pump.fun over the past 24 hours.
- Ironblocks' 'Venn' Network Aims to Keep Malicious Transactions From Ever Hitting Blockchainsby Danny Nelson at 2:18 pm
The Israeli firm's Venn security network uses a network of operators to seek out and freeze suspect transactions before they execute.
- Pi Squared, Building 'Universal ZK Circuit', Raises $12.5Mby Margaux Nijkerk at 2:00 pm
The startup, led by a University of Illinois Urbana-Champaign computer science professor, uses zero-knowledge technology to enable “trustless remote computing" along with other blockchain use cases including AI.
- Bitcoin Could Get Ethereum-Style Restaking as Startup Lombard Raises $16Mby Sam Kessler at 2:00 pm
Lombard is partnering with staking startup Babylon to let users earn interest for "restaking" with Bitcoin – using the asset to secure other crypto networks.
- RedStone, Blockchain Oracle Project Pushing Into Restaking, Raises $15Mby Margaux Nijkerk at 2:00 pm
The fresh round of capital will go towards hiring new team members, according to a press release.
- CoinDesk 20 Performance Update: ADA and XRP Leadby CoinDesk Indices, Tracy Stephens at 1:55 pm
Overnight, ADA and XRP led the CoinDesk 20 with half the assets trading higher.
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