TRUMP.FUN – Former President Donald Trump’s speech just a couple weeks ago at the Bitcoin Nashville conference now seems like a distant memory. Not only has he been overtaken by Vice President Kamala Harris as the frontrunner in this year’s U.S. presidential election – at least in the eyes of punters on the prediction-betting site Polymarket – but his name and family members are now regularly getting dragged into conversations about memecoins. It started last week when one of his sons, Eric Trump, tweeted that he has “fallen in love…
Category: ICO
How to Create Web3 Products That People Want
The journey of a builder in Web3 today is quite challenging. Let’s say you want to create an actual application instead of founding something like an L2. The path ahead is tough. Traditionally, you would gather a team of potential co-founders and brainstorm how your idea makes sense. Ideally, this team would include individuals who can help build the product through coding. Once your team is in place, you’d decide which blockchain to launch on. Recently, L2s have been popular, but you might also consider non-EVM blockchains like Solana, which…
Democrats Make Pitch For Crypto Voters. Will Crypto Listen?
The confirmed speaker list features some well-known names from Congress and the crypto industry, including Senate Majority Leader Chuck Schumer (D-NY), Senator Kirsten Gillibrand (D-NY), Rep. Adam Schiff (D-CA), businessman Mark Cuban, Anthony Scaramucci, a former White House communications director under President Trump and now CEO of Skybridge Capital, and high profile crypto lobbyists such as Sheila Warren, CEO of the Crypto Council for Innovation, and Justin Slaughter, VP of Regulatory Affairs at Paradigm. Source
Nearly $600M of Silk Road Bitcoin (BTC) Hits Coinbase Prime, But Not Necessarily to Sell the Crypto
The last confirmed sale of Silk Road assets by the government was in March 2023, when it unloaded 9,861 coins for $216 million, according to court filings. The government laid out plans in the filing to sell the remaining assets in four tranches during that year, but there wasn’t follow-up communication about any sales since then. Source
The Coming Financialization of Hashrate Markets
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada. Source
Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
Binance, the world’s largest cryptocurrency exchange, will pay 9.6 million reais ($1.76 million) to the Brazilian Securities and Exchange Commission (CVM) as a settlement for offering derivatives trading services in the country without receiving the corresponding license. Source
Why the Latest Market Dip Could Be a Major Buying Opportunity
Cryptocurrencies, which would have been expected to fall by a greater amount than equities anyway, had their own negative drivers, including impending Mt. Gox fallout, mixed spot digital asset ETF flows, a rising appreciation that pro-crypto Trump candidacy isn’t a lock, and reports of a large market maker dumping hundreds of millions of dollars of crypto during the panic’s peak. All in, Bitcoin touched $49,200, down 30% from just a week earlier, while Ethereum fell below $2,200, dropping 35% over that time. Source
Bitcoin (BTC) Price May Turn Lower as Crypto Exchanges See $1B of Tether (USDT) Withdrawal
“In recent cases where withdrawals exceeded $1 billion, bitcoin began a downtrend soon after, suggesting investors may be adopting a risk-off stance, moving funds to safer environments like cold wallets in anticipation of market volatility,” IntoTheBlock analysts said. Source
As Restaking Takes Shape on Solana, Ethereum-Focused Renzo Jumps in With ‘ezSOL’
“We think that restaking is going to be the largest DeFi segment, similar to how liquid staking grew, and because of the complexities associated with restaking, I think everybody focuses on the token, but they don’t realize how much infrastructure needs to be run to essentially be able to secure AVSs and in Jito’s cases, NCNs,” Kozinski said. Source
Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
Rayls, launched in June 2024, is an EVM blockchain system that unifies permissioned and public blockchains focused on enterprise-grade solutions. The product is aimed at initiatives such as financial instrument tokenization projects, the development of central bank digital currencies (CBDCs), and intra-institution transactions. Source