Crypto’s Theater Is Becoming More Surreal
Decentralization theater, governance theater, community theater. Web3 promised a revolution, but, mostly, the innovation is all for show, says Cami Russo, the founder of The Defiant.Source
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Entries by GRYZUoDLu7t8z22
First Mover Americas: Hedera’s Token Gains on Fed Move
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains
Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.Source
Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein
New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said.Source
BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
The viral token reached an $80 million market capitalization earlier this month before falling 90% – and failing to grow since.Source
Donald Trump Holds Up to $500K in Crypto
The former U.S.president launched a NFT series last year.Source
Pro-Bitcoin Candidate Javier Milei Snags Primary Presidential Elections in Argentina
Milei had been tabbed to finish no higher than third in Sunday’s preliminary election.Source
Disappearance of $900K Puts Focus on Vintage Bitcoin Project Libbitcoin
The issue, dubbed “Milk Sad,” was discovered in late July by information security firm Distrust.Source
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.Source
Base Is Here, But Some of Its Projects Raise Red Flags
This week, Coinbase launched its new Base blockchain while DeGods NFTs are way up after the project announced its upcoming Season III series. Plus, Microsoft and Aptos are teaming up to launch new blockchain AI tools.Source