TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin

The Fed yesterday signaled that far easier monetary policy is in store for 2024.Source

Arbitrum Throws Hat In Ring for Celo’s Migration to Layer-2 Blockchain

Celo originally planned to build its Ethereum layer-2 network with Optimism’s OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off.Source

Early Ethereum Backers Cyber.Fund to Invest $100M in ‘Cybernetic Economy’

Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the “cybernetic economy,” in which blockchain is the bedrock.Source

What We Know About the Massive Ledger Hack

The latest crypto exploit, affecting security firm Ledger and a number of popular DeFi protocols, is a moment of levity for some.Source

Crypto for Advisors: ETH Staking in 2024

In today’s issue of Crypto for Advisors, we share what advisors need to know about how ETH staking works and what’s coming.Source

Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.

The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.Source

Ledger Exploit Drained $484K, Upended DeFi; Former Staffer Linked to Malicious Code

Hackers stole almost $484k after inserting malicious code into Ledger’s Connect Kit on GitHub on Thursday. Several decentralized finance (DeFi) protocols have been impacted and users are being warned to avoid using decentralized apps (dApps) until further updates.Source

Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.Source

The Ends of Aragon

Aragon had a dream to remake capitalism with DAOs. As it faces a governance crisis, what can we learn about how to organize DAOs in the future?Source

First Mover Americas: JPMorgan Cautious About Crypto Markets in 2024

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source