Bitcoin rose by 3%, trading above $65K with U.S. spot bitcoin ETFs seeing one of their largest inflow days at $365 million, Source
Bitcoin Holds Above $64K as China Stimulus Sends Conflux’s CFX, Dog Memes Running High
Category: ICO
Global Effort Disrupts Russia Linked Network Using Crypto to Evade Sanctions, U.S. Charges Two Russians
Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday. Source
Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown’s Foe
If Brown loses, the chances get much higher that Republicans take the Senate majority, and Sen. Tim Scott (R-S.C.) potentially becomes the next chairman. Though Scott’s crypto views had long been muted, he recently cheered on digital assets innovations at the Nashville Bitcoin 2024 event, and at a symposium in Wyoming hosted by the SALT Conference, he floated a crypto-specific subcommittee if he wins the gavel. Source
Tornado Cash Dev Roman Storm’s Criminal Case Will Proceed to Trial, NY Judge Orders
District Judge Katherine Polk Failla of the Southern District of New York (SDNY) denied Storm’s motion to dismiss the criminal charges against him, saying she had a lengthy order to read into the record to explain her reasoning. As of press time, she was reading another portion of that order, addressing a motion to compel certain materials. Source
Reshaping the Internet and Empowering Users
DePIN networks cleverly link up physical devices like sensors, IoT gadgets, computers, and smartphones with decentralized blockchain networks. By sharing data, offering resources, or helping keep things running, users earn real rewards in digital assets — a fair deal that’s been a long time coming in the digital world. This setup doesn’t just empower users to benefit from their involvement; it frees them from the grip of centralized middlemen who’ve been exploiting the system for too long by profiteering from user data. These middlemen use this data for targeted advertising,…
Canada's CBDC Departure Risks Web3's Interoperable Future
A lack of interoperability poses an existential threat to central bank digital currencies, as it does to Web3 itself, says Temujin Louie, CEO of Wanchain. Source
Inflation Should Moderate in August, Boosting the Crypto Outlook
PCE, an alternative measure of inflation, is starting to ease up, setting the stage for easier money policies from the Fed. If so, that’s good news for risk assets like bitcoin and ether, says Scott Garliss. Source
How a Harris ‘Opportunity Economy’ Will Benefit the Crypto Industry
These comment comes more than a month after Democratic cryptocurrency industry leaders coalesced to form the Crypto4Harris movement which hosted a Town Hall advocating for a Democratic “reset” on digital asset policy. And I acknowledge they were modest comments in comparison to Trump’s 180 degree pivot from skeptic to supporter. For many, they were the first clear signs of her willingness to support the industry. But those of us who have been following the paper trail and reading the tea leaves saw this coming. Her advisors and surrogates have made…
Crypto for Advisors: The Growth of Bitcoin as Collateral
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand. Source
Avalanche Unveils $40M Grant Program Ahead of ‘Avalanche9000’ Upgrade
“Normally, you ship a big upgrade to testnet, and if everything looks good, you immediately ship it to mainnet, and then you hopefully get adoption for it,” said Luigi D’Onorio DeMeo, chief operating officer at Ava Labs, the main developer firm behind Avalanche, in an interview with CoinDesk. “We kind of want to spin that on its head a little bit, and instead elongate the testnet process and do sort of what you can call an incentivized testnet.” Source