MakerDAO’s $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock’s BUIDL, Ondo, Superstate

MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.Source

Why Blockbuster Games Will Soon Be Built on Modular Appchains

Mainnets like Ethereum’s aren’t suitable for major (AAA) game development. The only real solution is a horizontally scalable blockchain coupled with modularity and a gas-free experience for end-users, says Jack O’Holleran, CEO of SKALE Labs.Source

Traditional Money Launderers Appear to Be Using Crypto, Chainalysis Says

The crypto tracing company’s latest report shines a light on potential money laundering.Source

CoinDesk 20 Performance Update: XRP Gains Amid Overall Index Decline

The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.Source

SEC Drops Investigation of Bitcoin L2 Stacks and Builder Hiro, Filing Says

The conclusion of the probe into the company formerly known as Blockstack, which raised $70 million via token sales from 2017 to 2019, is another win for the crypto industry in its years-long struggle with the regulator.Source

XRP Is the Sole Crypto Major in Green as Bitcoin Bulls Remain Sidelined

BTC prices fell after Thursday’s U.S. CPI readings, dragging down the broader crypto market.Source

First Mover Americas: BTC Retreats From $60K

The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

DEX Aggregator Rage Trade to Issue Token on Buzzy New Layer 1 Blockchain Hyperliquid

Decentralized exchange aggregator Rage Trade has announced plans to issue a new token via a liquidity generation event and a token sale on layer-1 blockchain Hyperliquid.Source

Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein

The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.Source