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

Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023 The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.

Private Equity Giants Are Circling Bitcoin Miners on AI Allure Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.

U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021 Before this morning’s jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.

CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms “The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.