CoinDesk 20 Performance Update: XRP and SOL Outperform as Index Climbs 1.3%

XRP and SOL led the charge in overnight trading, driving the CoinDesk 20 Index 1.3% higher.Source

The Bahamas ‘Dares’ Again 1.5 Years After FTX Collapse, Brings in New Crypto Law

The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.Source

Lloyd’s of London-Backed Insurance Policies Can Now Be Paid for in Crypto on Ethereum

Cryptocurrency insurance underwriter Evertas, a Lloyd’s coverholder, has teamed up with smart contract-based insurance marketplace Nayms to offer the on-chain policies.Source

Coinbase Concerned About ‘Ongoing Regulation by Enforcement’ in Australia

Coinbase (COIN) is concerned about “ongoing regulation through enforcement” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told CoinDesk.Source

First Mover Americas: Crypto Market Stabilizes After Nursing Losses

The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Terra Blockchain Restarts After $4M Exploit

A reentrancy attack earlier Wednesday briefly halted the network. It restarted after an “emergency” chain upgrade.Source

Bitcoin Keeps Weekly Loss as ‘Anti-Risk’ Yen Strengthens After BOJ Rate Hike

The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.Source

XRP Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock

XRP trading activity is heightening in South Korea, where traders tend to push euphoric rallies on tokens.Source

Ether ETFs Break Four-Day Outflow Streak, Bitcoin ETFs Record $18M Outflows

The crypto-Trump trade appears to be softening.Source

Nvidia Becoming More Volatile Than Bitcoin and Ether

Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.Source