Prediction Markets and Polls Both Got the French Election Wrong Plus: Polymarket traders remain skeptical about Biden’s insistence he’s staying in the U.S. presidential race; will ETH fall to $2,630?

Bitcoin Drops as German Government Moves Another $500M of Assets Bitcoin’s price briefly declined to $55,000 following the blockchain transactions.

Bitcoin Climbs Over $57K, With Some Saying Mt. Gox Sales Already ‘Priced In’ Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said.

First Mover Americas: BTC Rebounds to $57K The latest price moves in bitcoin (BTC) and crypto markets in context for July 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

What Hamster Kombat Did: How Telegram Built a Web3 Gaming Juggernaut With hundreds of millions of users, Telegram’s TON, aka The Open Network, is building a head of steam in simple, addictive, fun games built on a blockchain.

Digital Asset Trader Auros to Invest Over $50M in Crypto Startups Through Its Newly Established VC Arm To lead the investment efforts, the company appointed Julien Auchecorne as head of Auros Ventures.

How Memes and Gamification Are Changing Finance As We Know It As social, finance, gaming, messaging become folded in single “super apps” – as they are already in Asia – memes transmit subtle but powerful cultural meaning in a digitally-native way, says Ray Chan, CEO of Memeland. Welcome to the Meme Age.

Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

CoinDesk 20 Performance Update: 19 Out of 20 Assets in the Green FIL and LINK emerged as top performers, driving the CoinDesk 20 index higher by 3.2%.

Ether Retakes $3K Amid Signs of Seller Exhaustion Before ETF Debut Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls.

Ethereum ICO-Era Stalwart Golem Sent $100M Ether to Exchanges in the Past Month The protocol was one of the first ICOs on Ethereum, raising $8.6 million worth of ether in 29 minutes and setting the precedent for thousands of other ICOs in the years since.

France Votes for Hung Parliament as Major Parties Fall Short of Majority The absence of an outright majority could hamper the passing of new legislation, including crypto regulations.

Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.

Germany Sill Holds $2.2B Worth of Bitcoin, Blockchain Data Show Germany has been running down its coin stash since mid-June.

CoinDesk 20 Down 7%, Bitcoin Sinks by 5% as Asia Trading Week Begins CoinDesk 20 Down 7%, Bitcoin Sinks by 5%, as Market Tumbles as Asia Trading Week Begins

Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M Returning to their screens following the July 4 break, U.S. traders were confronted with prices that had plunged roughly 10% from pre-holiday levels.

Biden’s Odds on Polymarket Little Changed After ABC TV Interview The president’s chances of reelection remain 12% and his probability of dropping out stayed at 63%, according to traders on the crypto-based prediction market platform.

Protocol Village: Valora Introduces ‘Mobile Stack’ to Simplify Web3 Apps on iOS, Android The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.

Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion.

Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates