DeFi Firms Sign Up to Balancer’s Plan for Tackling Lack of Liquidity
Decentralized finance (DeFi) protocol Balancer has attracted several of its peers with a new tokenomics proposal dubbed the “8020 Initiative.”Source
Bitcoin Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.Source
First Mover Americas: Bitcoin Cash Rises More Than 10%
The latest price moves in bitcoin (BTC) and crypto markets in context for July 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Hollywood Legend Steve McQueen Honored as ‘King of Cool’ in New NFT Collection
The racing-themed, 1,000-edition art NFT collection will give holders access to token-gated content, events and games celebrating the actor’s love of motorcycle racing.Source
Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners
A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset.Source
AI-Backed Blockchain Data Startup Web3Go Raises $4M
Binance Labs led the round with HashKey Capital, NGC and Shima Capital among the other backers.Source
Decentralized Exchange dYdX Launches Public Testnet on Cosmos
The DEX said users can now trade bitcoin and ethereum on the public testnet.Source
Crypto Storage Token Storj Rallies 43% Overnight as Trading Volume Surges
The decentralized cloud storage protocol has seen its market value double this week.Source
Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.Source
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.Source