Author: Coindesk
Bitcoin fell below $57,000, erasing gains from Wednesday’s brief rally above $58,000. BTC was trading around $56,800 at the time of writing, around 0.3% higher than 24 hours ago. The broader digital asset market, as measured by the CoinDesk 20 Index, added about 1%, with SOL and DOGE leading the gains. Bitcoin peaked above $65,000 on Aug. 25 and has been falling ever since, with the downtrend characterized by brief, shallow bounces, a sign of a persistent “sell-on-rise” mentality. This likely stems from increasing U.S. recession risks, which lead to a reduction in exposure to risk assets. Read the full…
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The quiet policy shift could reshape Telegram’s alleged stature as a facilitator for all forms of illegality that French authorities are alleging. Last month, France arrested Durov for allowing alleged criminal activity to fester on the app. Durov has pushed back on the charges as meritless but must remain in France pending trial. Read the full article here
Barnier, 73, is the European Union’s former Brexit negotiator and is affiliated with the right-wing Republican party. Attal, a 35-year-old from the centrist Renaissance party, resigned shortly after the July 8 election left the left-wing coaltion New Popular Front with the most seats in the parliament. Read the full article here
Over time, the approval of crypto ETFs in the U.S. could represent a similar disruption in market structure as the one seen in gold. It could shift the narratives around BTC (store of value) and ETH (crypto tech play) closer to a traditional investment asset. In other words, ETF investors may be following different narratives and demand functions (say, portfolio rebalancing or disposable income) to crypto native investors, the same way as Asian central banks buy gold for different reasons than traditional investors. Read the full article here
To achieve the net-zero goal ASAP, we must find a way to actively integrate end consumers into the energy market. The answer is Decentralized Physical Infrastructure Networks, says Kai Siefert, founder and CEO of Combinder, a user-owned distributed energy network. Read the full article here
The list of selected projects includes global companies such as Visa, which will work alongside the Brazilian brokerage XP and digital bank Nubank to optimize the foreign exchange market. Spanish banking giant Santander, for its part, was selected to work on a project involving automobile operations and another focused on lending and decarbonization. Read the full article here
What really makes Max memorable today, and notable for the purposes of NEAR’s rather cringey gambit, is the broadcast that wasn’t supposed to be: the Max Headroom incident. In 1987, an unknown signal pirate hijacked a “Dr. Who” broadcast in Chicago and went on a 90-second nonsensical ramble, all while wearing a Max Headroom mask. Read the full article here
“With these sweeping authorities, we will blast through every bureaucratic hurdle to issue rapid approvals for new drilling, new pipelines, new refineries, new power plants, new electric plants and reactors of all types. Prices will fall immediately in anticipation of this tremendous supply that we can create rather quickly, and we will be the leader instead of the laggard,” Trump said. Read the full article here
Crypto-focused stocks also performed poorly. Crypto exchange giant Coinbase (COIN) declined 1%, briefly slipping below $160 for the first time since February, taking out the lows hit during the early August crash due to the Japanese yen carry trade unwind. Large-cap bitcoin miners Marathon (MARA) and Riot Platforms (RIOT) were down 4% and 2%, respectively. Read the full article here