BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.Source
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Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.Source
U.S. Crypto Bill Can Happen This Year, Senate’s Schumer Tells Crypto Backers of Harris
U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.Source
Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report
The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post.Source
The Protocol: Memecoin Trading Is Suddenly Trump.fun
Blockchain has gone even more ridiculous than usual over the past week, with headlines focused on Trump-themed memecoins and the Solana-based launchpad Pump.fun. PLUS: Ethereum developers tee up revamp of the EVM programming environment.Source
Ghost Chains to Goldmines: How to Create Web3 Products That People Want
The incentive structure of the current blockchain ecosystem works against useful innovation. CoinDesk columnist Azeem Khan has some ideas to fix that.Source
Democrats Make Pitch For Crypto Voters. Will Crypto Listen?
A Crypto4Harris town hall tonight aims to show the strength of Democrat commitment on digital assets.Source
U.S. Moves $600M of Silk Road Bitcoin to Coinbase Prime, but Not Necessarily to Sell
Bitcoin’s price remained flat around $59,000, while its swift decline from $61,000 earlier today happened before the transaction.Source
The Coming Financialization of Hashrate Markets
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada.Source
Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
The Latin American country’s agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.Source