Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.

Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton Bitlayer’s layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain.

Ethereum-Based Protocol Alkimiya Creates Market for Hedging Bitcoin Fees One question is whether the protocol can pull in loyal bitcoin users – or if it will eventually end up on an Ethereum-compatible layer-2 network atop Bitcoin.

First Mover Americas: Ether Little Changed After Spot ETF Approval The latest price moves in bitcoin (BTC) and crypto markets in context for July 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Nears $66K as Mt. Gox Moves $130M to Bitstamp The defunct crypto exchange shuffled over $2.5 billion between wallets, some of which was sent to crypto exchange Bitstamp.

Avail, Long-Awaited Blockchain Project for ‘Data Availability,’ Launches Main Network The project, spun out of Polygon in 2023, has raised $75 million of funding and claims unique technologies as a provider of “data availability,” or DA – the speciality of storing reams of transactional data produced by Ethereum layer-2 networks.

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister’s Budget Speech The primary demand from India’s crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%

U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show An address labeled “U.S. Government: Ryan Farace Seized Funds” moved BTC worth nearly $4 million to Coinbase 10 hours ago.

BlockFi Administrator Submits Plan in Court to Make Customers Whole “This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi,” said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.

BlackRock’s Spot Bitcoin ETF Draws $526M in Net Inflows BTC failed to take out key price resistance despite huge inflows into BlackRock’s IBIT.

U.S. House Passes Crypto Illicit Finance Bill That’s Likely to be Rebuffed in Senate The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn’t likely to become a law as-is.

Ethereum ETFs Could See Underwhelming Demand, Two Research Firms Predict

Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

Tokenized Asset Manager Superstate Debuts New Fund to Profit From Bitcoin, Ether ‘Carry Trade’ Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.

Taking Profits on Bitcoin Ahead of Trump Conference Appearance Could Be ‘Expensive Exercise’: Analyst Traders could be forgiven for wanting to cash in after bitcoin’s {{BTC}} quick rise of more than 20% to the current $67,000 from its early July lows, but another possibly major positive catalyst might be just days away, said 10x Research founder Markus Thielen.

Taking off: Rewarding Flight Trackers in the Age of Web3 Flight tracking enthusiasts provide crucial data to the aviation industry, receiving nothing in return. Wingbits plans to change this with an innovative DePIN-based approach, explains Alex Lungu, co-founder of Wingbits.

Polymarket Trading Explodes as 2024 Election Enters Uncharted Territory

NPC Labs Raises $18M to Scale Gaming on Base Network Round brings total raise to $21 million and includes participation from Makers Fund, Hashed, amongst others.

CoinDesk 20 Performance Update: AVAX and SOL Surge Lead Weekend Advance AVAX led the CoinDesk 20 with a 14.5% increase in over the weekend trading, while SOL climbed 6.0%