Author: Coindesk
“By donating to Protocol Guild, eligible recipients show long-term alignment with the LayerZero protocol and a commitment to the future of crypto,” LayerZero said in an X post. “To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO. This small donation goes directly to the Protocol Guild.” Read the full article here
“Our goal is to continue pushing the envelope and maintaining Canada as an innovation hub. The Solana ETP will have staking enabled, similar to our Ether ETPs, allowing us to pass through the yield to investors,” Christopher Matta, a Strategic Advisor to 3iQ, told CoinDesk in a phone interview. Read the full article here
The Winklevoss donations to Trump 47 join similar maxed-out contributions from Jeffrey Sprecher, the founder, chairman, and CEO of Intercontinental Exchange, and his wife Kelly Lynn Loeffler, a former U.S. senator and CEO of Bakkt; Joe Ricketts, the founder and former CEO of TD Ameritrade; and Robert Bigelow, who owns Budget Suites of America and founded the now-defunct Bigelow Aerospace. Read the full article here
“The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to facilitate XRP’s use in cross-border payments, among other things,” Hamilton wrote. “Accordingly, the [court] cannot find as a matter of law that Ripple’s conduct would not have led a reasonable investor to have an expectation of profit due to the efforts of others.” Read the full article here
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Crypto assets enjoyed a rally during the European morning, lifting bitcoin around 1.5% over 24 hours to $66,300 and ether 2% to $3,600. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20) has climbed about 1%, with Avalanche’s AVAX the biggest gainer at just under 3.9%. XRP has risen by 1.5%, while Solana’s SOL gained 1.3%. SOL, as the closest thing to an ether competitor in the altcoin market, may be experiencing downside as traders anticipate the listing of spot ETH ETFs in the U.S., an event thought likely sometime in the next few months. Read…
“The FCA has an important role to play in keeping dirty money out of the U.K. financial system,” Therese Chambers, the FCA’s executive director of enforcement and market oversight, said in the statement. “These arrests show we will do everything in our power to stop crypto firms from operating illegally in the U.K.” Read the full article here
The cartels “are increasingly purchasing fentanyl precursor chemicals and manufacturing equipment” from China-based suppliers and paying in tokens including bitcoin (BTC), ether (ETH), monero (XMR), and tether (USDT) “among others,” according to an updated FinCEN advisory to alert U.S. financial firms about the network of criminal organizations producing the dangerous narcotic. Read the full article here
It’s important to note the latest survey only spans May 30, 2023, to Oct. 6, 2023, missing a critical year-end period during which bitcoin rose from approximately $28,000 to $42,300, driven largely by anticipation of the SEC’s approval of spot bitcoin ETFs which occurred later, in January of 2024. Perceptions have likely evolved meaningfully since the start of 2024 following crypto’s market capitalization climbing above $2.5 trillion, Bitcoin surging to nearly $74,000, and the SEC’s approval of bitcoin and soon Ether spot ETFs. Read the full article here
June 20: Farworld Labs, the Farcaster-native gaming company, has closed its $1.75 million pre-seed funding round, co-led by Lemniscap and Variant. According to the team: “The funding will enable Farworld Labs to expedite the rollout of upcoming Q3 releases, including the highly anticipated launch of the Farcade platform in conjunction with top-tier studios and developers. Built on decentralized social media protocols, the Farcade is a platform and suite of tools for developers to build crypto-native games that integrate with onchain social, making games instantly playable within social media feeds with just a single click.” Read the full article here