2 Aug 2024
North Carolina lower chamber overturns governor’s veto of CBDC ban
The North Carolina House has successfully overridden Governor Roy Cooper’s veto of a bill banning the testing of a US central bank digital currency (CBDC) within the state. The legislation, which received strong bipartisan support, will now move to the state Senate for consideration. Read more
Celestia on pace to surpass Ethereum in data storage — Research
Research indicates that Celestia is on track to outpace Ethereum in terms of data storage capabilities. Since May, Celestia has been steadily gaining market share, suggesting a significant shift in the decentralized data storage landscape. Read more
US, UK accelerate quantum computing programs after China breakthrough
Following a significant breakthrough in quantum computing by China, the United States and the United Kingdom are expediting their own quantum computing initiatives. This development underscores the growing international competition in advanced computing technologies. Read more
Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up
DuelNow, a betting platform based on the Arbitrum blockchain, has secured $11 million in funding. This investment reflects the increasing interest and activity in the Web3 betting space, highlighting the potential for blockchain technology in online gaming and betting. Read more
Why is Crypto Down Today? Is FOMC Behind Crypto Crash Today?
The cryptocurrency market is experiencing a significant downturn, with factors such as the Federal Open Market Committee (FOMC) playing a role in the current crash. Key assets like Bitcoin and Ethereum are seeing substantial price drops amid this market turbulence. Read more
Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s Estimates
Marathon Digital’s shares have dropped significantly after the company’s revenue fell short of Wall Street expectations for the second quarter. The miner’s adjusted EBITDA swung to a loss, raising concerns among investors. Read more
Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume
Coinbase reported a Q2 revenue of $1.45 billion, exceeding market estimates despite a decline in transaction revenue. This positive financial performance has led to a rise in Coinbase shares, highlighting the company’s resilience in a challenging market. Read more
MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500
MicroStrategy has posted a Q2 net loss of $123 million, but its Bitcoin holdings have increased to 226,500 BTC. The company’s stock rose over 4% following the earnings announcement, reflecting investor confidence in its strategic Bitcoin investments. Read more
Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats
Galaxy Digital reported a net loss of $177 million for Q2, a significant decline from the previous year’s profit. The company’s net revenue also fell, attributed to the broader crypto market retreat during the quarter. Read more
Crypto for Advisors: Crypto and Politics in the U.S.
The intersection of crypto and U.S. politics is becoming increasingly significant, with political support, institutional adoption, and economic policies shaping the industry’s future. This dynamic sets the stage for potential growth and regulatory developments. Read more
‘Golden Boys’ Move on CompoundDAO Wasn’t a Governance Attack: Tally Protocol CEO
The recent actions within CompoundDAO, described as a strategic move by some, were not a governance attack, according to Tally Protocol’s CEO. The event underscores the complexities and nuances of DAO governance. Read more
Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital
Morpho Labs has secured $50 million in a funding round led by Ribbit Capital. The investment will support the firm’s DeFi lending platform, reflecting continued investor interest in decentralized finance innovations. Read more
Crypto VC Paradigm Invests in MetaDAO as Prediction Markets Boom
Paradigm has invested in MetaDAO amid the rising popularity of prediction markets. This funding highlights the growing interest in governance experiments and decentralized decision-making platforms. Read more
Crypto Lender Ledn Handed Out $1.16B Worth of Loans in First Half of 2024
Ledn, a crypto lending platform, issued $1.16 billion in loans during the first half of 2024. The platform saw a nearly 30% increase in retail lending, underscoring the robust demand for crypto-backed loans. Read more
Protocol Village: Injective Starts ‘Altaris’ Upgrade, Switchboard Releases ‘Oracle Aggregator’
Injective has begun its ‘Altaris’ upgrade, while Switchboard has launched its ‘Oracle Aggregator’. These updates represent significant advancements in blockchain technology, enhancing functionality and interoperability. Read more
Ripple to Allocate $10M to Tokenized U.S. Treasury Bills on XRP Ledger
Ripple is set to allocate $10 million to tokenized U.S. Treasury bills on the XRP Ledger. This initiative aims to integrate traditional financial instruments with blockchain technology, promoting the tokenization of real-world assets. Read more
Bitcoin Miner Riot Platforms’ Second-Quarter Loss Widens to $84.4M as Costs Surge
Riot Platforms reported a Q2 loss of $84.4 million, with rising costs contributing to the increased deficit. The company’s loss per share doubled, reflecting the financial pressures on Bitcoin mining operations. Read more
Donald Trump Site Lists Limited-Edition ‘Bitcoin Sneakers’ for as Much as $500 a Pair
Donald Trump’s website is offering limited-edition ‘Bitcoin Sneakers’ for up to $500 a pair. The most expensive sneakers have already sold out and are being resold for as high as $2,500 on eBay. Read more
RWA Breakthroughs: Credefi and Creditcoin Team Up to Bridge TradFi and DeFi
Credefi and Creditcoin are collaborating to bridge traditional finance (TradFi) and decentralized finance (DeFi). This partnership aims to innovate and integrate financial services across both sectors, promoting greater financial inclusion and efficiency. Read more
Bitcoin ETFs On A Buying Spree, Scoop Up Nearly 300,000 BTC Since January
Bitcoin ETFs have acquired almost 300,000 BTC since January, reflecting strong investor demand for Bitcoin exposure through exchange-traded funds. This trend highlights the growing institutional interest in Bitcoin. Read more
Bitcoin’s Price Potential: Analyst Maps Path To $700,000 And Beyond
An analyst has outlined a potential path for Bitcoin’s price to reach $700,000 and beyond. This bullish projection is based on historical market cycles and current trends, suggesting significant upside potential for the cryptocurrency. Read more
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