Author: Coindesk

In October 2023, Polygon Labs, Solana Foundation and DeFi Education Fund co-hosted the first Crypto Policy Bootcamp. The event brought together founders, CEOs, VCs, and other stakeholders to engage with policy experts, political advocates, and Congressional staffers and members of Congress. Discussions centered on how to talk about the value of blockchain technology. Through the various panels and accompanying dialogue, the bootcamp produced many takeaways, including: Read the full article here

Gensyn, for example, is building a decentralized network that will let the untapped computing power from individual users (like you and me) be harnessed for the training of AI data, a la Filecoin for cloud storage. “We’re kind of running out of places to build enormous data centers,” Gensyn’s co-founder Ben Fielding told me last year, before this became a trendy topic. If Gensyn pulls this off, says Fielding, “You don’t just have one big data center. Now you have every data center on the planet.” (Fielding will also be taking the stage at the AI Summit, along with the…

The SEC, after weeks of limited engagement, asked exchanges supporting spot ether ETF applications to refile their 19b-4 forms with universal language earlier this week. Those forms were submitted to the SEC by Tuesday, and the exchanges began publishing them online that night. The SEC also appears to have begun engaging with the would-be issuers themselves, as companies like Fidelity and Grayscale filed updated S-1 forms this week. The SEC has to make a final decision on at least one spot ether ETF application by the end of the day Thursday. Read the full article here

With these services, press releases are generally just “syndicated”, meaning that, although they will indeed be published by dozens of news sites, including crypto-focused ones, they’ll often end up published in a non-editorial “backyard” section of the website that gets a lot less eyeballs. The actual content will just be a duplicated version of the original press release, with no editorial review, no analysis, no opinions or unique interpretation of what’s happening. Just a sponsored labeled press release, with a regulatory requirement to disclose that it’s basically just a paid ad, which generates neither the credibility or trust projects are…

The Fantom team also shared that once the Sonic chain goes live, expected sometime this year, the network will have its own native token, $S, “which will be 1:1 compatible with Fantom’s existing $FTM token after a recent governance vote codifying the two tokens’ interoperability.” Read the full article here

Bitcoin (BTC) saw a similarly hectic episode sinking to the low-$66,000s, then spiking to $68,300 before paring gains below $68,000. However, ETH performed stronger, advancing 1.5% over the past 24 hours, compared to BTC’s almost 3% decline during the same period. The broad-market CoinDesk 20 Index was down 1.6% during the day. Read the full article here

“The introduction of spot bitcoin ETFs in January has already demonstrated significant benefits for the digital assets and ETF space, and we believe that spot Ether ETFs will similarly provide safeguards for U.S. investors, allowing them to gain Ether exposure in a transparent, well-regulated and easily accessible structure,” he said. Read the full article here

Somewhat ironically, Shapiro and Palley’s criticisms seem to line up with Maxine Waters (D-CA), the ranking Democrat on the House Financial Services Committee, who said it was the one of the worst bills she’s ever seen. In addition to potentially stretching the resources of the CFTC, which only has around 700 employees compared to the SEC’s 4,500, it may also undermine other legislative efforts – like the stablecoin bill Waters worked on alongside House Financial Services Chair Patrick McHenry (R-NC). Read the full article here

Shillers (because, let’s be honest, they are not real KOLs) bring the hype, cost projects tens of thousands, and pass rewards and marketing budgets on unengaged users who leave the project as soon as it’s out. Yet, in the data-powered MarketingFi, true KOLs have the potential to bring larger rewards and marketing budgets to audiences that will build projects further. But we need to employ analytics first, weed out the shillers, and bring larger incentives to the right creators. Read the full article here

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