Author: Coindesk
“Being Web3 native, the user can buy or sell crypto, send stablecoins, access smart contracts and use dapps and DeFi services, which no LLM is connected to today,” the white paper reads. “Regulatory barriers faced by centralized companies prevent them from offering these tools to users, so their models can chat about tasks but not act on the user’s behalf in a Web3 context.” Read the full article here
The expansion “indicates growing investor optimism, underpinning a bullish outlook,” Wintermute said in a note shared with CoinDesk. “The increase in stablecoin supply indicates that money is being deposited into on-chain ecosystems to generate economic activity, either through direct on-chain purchases that can catalyze price appreciation or yield-generation strategies that could improve [market] liquidity. This activity ultimately fosters positive on-chain growth.” Read the full article here
““The policy stance is how does one consult relevant stakeholders, so it is to come out in the open and say here is a discussion paper these are the issues and then stakeholders will give their views,” said Seth who is the Economic Affairs Secretary. “At the moment, an inter-ministerial group, is looking into a wider policy for cryptocurrencies. We expect to come out with the discussion paper before September.” Read the full article here
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The so-called open interest or the number of active bets in standard ether futures rose to a record of 7,661 contracts, equaling 383,650 ETH and $1.4 billion in notional terms, the exchange said in an email to CoinDesk. The previous peak of 7,550 contracts was set one month ago. The standard contract is sized at 50 ETH. Read the full article here
There are few bitcoin miners with the same power at their disposal as Iris Energy, Canaccord said in a report on Tuesday. “The company is building 510 MW of data centers in 2024, secured 2,160 MW of power capacity, and has a 1 GW plus development pipeline,” analysts wrote. The broker raised its target for the company to $15 from $12 while maintaining its buy rating. Iris Energy was trading 3% higher at $11.23 in pre-market trading on Nasdaq. Earlier this month, Iris shares slumped 14% after a short seller said its Childress, Texas site was not suitable for hosting…
Sygnum, which is licensed in Luxembourg, Singapore, and its native Switzerland, plans to acquire new licenses in Europe under the Markets in Crypto Assets (MiCA) regulations, which started to take effect last month and introduced a single regulatory environment throughout the 27-nation trading bloc. It also plans to expand its regulated operations in Hong Kong. Read the full article here
Data shows that deBridge is widely used to transfer funds between Ethereum, Arbitrum, Solana and Base, among other blockchains. Since April, it has recorded over 2.3 million transactions and $2 billion in bridged volume, which generated 1.4 billion points for users. Read the full article here
“We settled the first-ever trade on a public blockchain, and it is now on its way from South Africa to London,” said Adrian Vanderspuy, owner and CEO of Oldenburg Vineyards. “The funds came into our AgriDex account in seconds rather than days and the fees were 5 GBP.” Read the full article here
Bitstamp’s action came after multiple Mt. Gox creditors reported receiving assets via Kraken. The trust managing the Mt. Gox assets started sending assets to several crypto exchanges this month, and users will be able to reclaim the funds in the coming weeks. Mt. Gox was once the world’s biggest crypto exchange, handling over 70% of all bitcoin transactions in its early years. Read the full article here