Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot

In May 2023, the BCB selected 14 participants for the first phase of the pilot.Source

Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows

Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday’s key jobs data report.Source

Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI

Donald Trump reiterated his promise to make the U.S. the crypto capital of the world if re-elected president during public remarks ThursdaySource

We Need DePIN to Get to Net-Zero Emissions

To achieve the net-zero goal ASAP, we must find a way to actively integrate end consumers into the energy market. The answer is Decentralized Physical Infrastructure Networks, says Kai Siefert, founder and CEO of Combinder, a user-owned distributed energy network.Source

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

The FCA approved only four of the 35 applications it received in the year ended March 31.Source

Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points

The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.Source

Telegram Is Driving Crypto Adoption, Despite Bad News

Telegram’s crypto adoption story via TON may be its lasting mark in 2024 despite recent news leaving many with a negative impression, says Daniel Cawrey, a former CoinDesk journalist who is now chief strategy officer of Tonkeeper, a non-custody wallet app for The Open Network (TON) ecosystem.Source

Crypto for Advisors: Bitcoin and Gold, Stores of Value

The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.Source