Why ‘Universal Basic Compute’ Is a Solution to Economic Inequality

And how DePIN networks could make it possible, according to Mark Rydon, Co-Founder of Aethir.Source

Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts

Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.Source

Why the SEC Is Wrong About NFTs

The SEC’s Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of “Creators Take Control.”Source

Institutional DeFi Needs a BUIDL Moment

The lack of institutional adoption in DeFi is mostly due to capability limitations, not just regulatory uncertainty, says Jesus Rodriguez, CEO, IntoTheBlock.Source

Crypto Tuesday Crumble Sends Bitcoin Below $58K, Ether to 7-Month Low

Flattish markets turned decidedly negative as U.S. stocks posted sharp losses following the three-day weekend.Source

Facing Up to Crypto’s Gen Z Stigma

Students should be among the earliest adopters of Web3, but they’re currently not using the technology, says Benjamin Sturisky, research analyst at Delphi Digital and president of Gator Blockchain.Source

Matter Labs Restructures to Meet Changing Demands, Lays Off 16% of Team

The company made the move to adapt to “the different type of technology and support” that developers building on ZKsync now require.Source

CoinDesk 20 Performance Update: DOT and HBAR Outperform as Index Rises 0.9%

Polkadot gained 2.6% while Hedera rose 2.4%, helping push the index higher.Source

BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns

The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’Source

First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source