Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity

Gravity’s first iteration will go live this June, with plans for the final version with staking and restaking to launch in the second quarter of 2025.Source

Is Crypto on the Cusp of a Bull or Bear Market? Using Consensus 2024 as a Barometer

Conference attendees give their say on market sentiment.Source

U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and Scams’

“The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes,” the Treasury said.Source

TradFi Rushes In: Goldman Sachs Digital Assets Lead Matthew McDermott on the Institutional Embrace of Tokenization

The financial industry veteran discusses ETFs, tokenization and future banking blockchain opportunities at Consensus 2024.Source

The Protocol: Behind the Scenes as Big-Tent Consensus Goes Up

We took a spin through some of the side events and preparations taking place Tuesday ahead of CoinDesk’s annual conference, which starts Wednesday in Austin.Source

U.S. House’s Emmer Says Best Hope for Crypto Legislation Is Year-End Session

Despite the crypto industry’s high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.Source

Cathie Wood Says Ether ETF Filings Were Approved Because Crypto Is an Election Issue

Wood says the filings in support of ether ETFs were not approved in a regular way.Source

How Gunnar Lovelace Is Trying to ‘Unf*ck’ the World

The serial entrepreneur and ethical capitalist’s latest effort at civil disobedience is being previewed at Consensus 2024.Source

Trader Buys 2M Dogecoin Call Options as Meme Coin Market Heats Up

A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade’s head of institutional sales, Bernd Sischka.Source