Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal

Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of a victory for the now crypto-friendly Donald Trump slumped.

Crypto for Advisors: Web2 to Web3 Kelly Ye looks at the three fast-growing blockchain ecosystems that are addressing the adoption challenges for Web3, gaining user adoption, and how they combine the strengths of Web2 and Web3 to create a seamless Web2-like onboarding experience while providing users with the benefits of sovereign ownership in Web3.

DePIN Allows Us to Be Stakeholders in the Machine Economy DePIN and Machine RWAs give us a stake in the robots coming after our jobs, say Mauricio Zolliker, co-founder of XMAQUINA, and Leroy Hofer, CEO and co-founder of Teneo Protocol.

CoinDesk 20 Performance Update: SOL and ETH Lead Advancers as Index Stays Flat Leading overnight gains are SOL with a 2.5% increase and ETH up by 1.3%.

Chainbase Raises $15M to Grow Omnichain Data Network Chainbase’s aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.

Germany Dumping $2.8B Bitcoin Is ‘Market Intervention,’ Despite Murky Legal Justifications One expert told CoinDesk the law does not provide for an obligation, but merely an opportunity to sell, while another alleged that “How they handled this sell-off moved the market and is intervention in public markets.”

BlockFi to Start Interim Crypto Distributions Through Coinbase This Month Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday.

Visa’s Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up Payment giant Visa’s blockchain data partner AlliumLabs has raised $16.5 million in a Series A funding round led by venture capital firm Theory Ventures. Visa and Allium Labs also released their latest findings on stablecoin activity which showed which showed that demand for stablecoins has picked back up in 2024.

First Mover Americas: Bitcoin Trades Below $65K Following Wednesday’s Drop The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Standard Chartered, Animoca, and Three Others Join HKMA’s Stablecoin Sandbox as Participants In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations.

Indian Crypto Exchange Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.

Biden Dropout Chances Rise to 68% After Covid Diagnosis President Joe Biden said during an interview that if a medical condition emerged, he’d consider dropping out of the race.

Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments Users claim to have received as many as 22 login attempts from the Mt. Gox portal, ones that they did not initiate.

Crypto Exchange WazirX Sees $230M in Suspicious Withdrawals, Largely $100M in SHIB Token

Polygon Sets September Date for Migration to POL Token from MATIC The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.

Profit-Making Crypto Address Makes $16M Investment in BTC

In Likely Precursor to Ether ETF Approval, Most Applicants Have Submitted Their Final Forms Spot ether exchange-traded fund (ETF) issuers have submitted their final documents needed in order to launch the funds next week.

TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.

Why We Chose Sui Over Solana for Our DePIN When Chirp – a DePIN for telecoms – was choosing a blockchain, the obvious option was Solana. But it decided to go with Sui instead. CEO Tim Kravchunovsky explains why.