DePIN Allows Us to Be Stakeholders in the Machine Economy

DePIN and Machine RWAs give us a stake in the robots coming after our jobs, say Mauricio Zolliker, co-founder of XMAQUINA, and Leroy Hofer, CEO and co-founder of Teneo Protocol.Source

Crypto for Advisors: Web2 to Web3

Kelly Ye looks at the three fast-growing blockchain ecosystems that are addressing the adoption challenges for Web3, gaining user adoption, and how they combine the strengths of Web2 and Web3 to create a seamless Web2-like onboarding experience while providing users with the benefits of sovereign ownership in Web3.Source

Germany Dumping $2.8B Bitcoin Is ‘Market Intervention,’ Despite Murky Legal Justifications

One expert told CoinDesk the law does not provide for an obligation, but merely an opportunity to sell, while another alleged that “How they handled this sell-off moved the market and is intervention in public markets.”Source

Chainbase Raises $15M to Grow Omnichain Data Network

Chainbase’s aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.Source

CoinDesk 20 Performance Update: SOL and ETH Lead Advancers as Index Stays Flat

Leading overnight gains are SOL with a 2.5% increase and ETH up by 1.3%.Source

Standard Chartered, Animoca, and Three Others Join HKMA’s Stablecoin Sandbox as Participants

In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations.Source

First Mover Americas: Bitcoin Trades Below $65K Following Wednesday’s Drop

The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Visa’s Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up

Payment giant Visa’s blockchain data partner AlliumLabs has raised $16.5 million in a Series A funding round led by venture capital firm Theory Ventures. Visa and Allium Labs also released their latest findings on stablecoin activity which showed which showed that demand for stablecoins has picked back up in 2024.Source

BlockFi to Start Interim Crypto Distributions Through Coinbase This Month

Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday.Source

WazirX Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount

Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.Source