Neal Stephenson’s Metaverse Vision Is One Step Closer as Lamina1 Blockchain Launches Betanet

Metaverse focused blockchain Lamina1 has launched its betanet and Hub for developers and creators. Lamina1 CEO Rebecca Barkin told CoinDesk that they are “not far” from mainnet launch and aiming to put out a product that can be used more broadly and publicly by early next year. Lamina1, the metaverse-focused layer-1 blockchain co-founded by science-fiction … Read more

Bitcoin Rallies Keep Getting Quickly Sold — What’s Up?

After a quick surge to start the year resulted in a near doubling of its price, bitcoin (BTC) has traded mostly in a tight range for the past few months, struggling to hold above $30,000 for a sustained period of time. Since April, and in particular since mid-June, bitcoin’s has reversed abruptly anytime it has … Read more

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin … Read more

Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein

Crypto exchange-traded-funds (ETFs) add capital to the market not just by creating demand in the spot market, but the market signal of regulatory approval of these products produces a growth flywheel for retail and other institutional flows that are seeking legitimacy, broker Bernstein said in a report Monday. “With the interest of leading global asset … Read more

First Mover Americas: Hedera’s Token Gains on Fed Move

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Hedera Hashgraph’s HBAR token took the lead among major cryptocurrencies on Monday with a gain of 15% over the last 24 hours, after … Read more

Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains

Bitcoin (BTC) and ether (ETH) traded flat on Monday after a relatively uneventful weekend for crypto majors in the absence of a strong catalyst that could help add buying pressure to a dim market. Bitcoin traded just over $29,300 while ether flirted around the $1,850 mark. Both assets have returned slightly over 1% for investors … Read more

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

The mysterious developer behind bald (BALD), one of the most viral tokens in recent months, yesterday transferred some $12 million in ether (ETH) back to the Ethereum network – weeks after bald ran up to an $80 million capitalization before some actions caused prices to plunge 90%. Data cited by analytics firm Lookonchain shows the … Read more

Donald Trump Holds Up to $500K in Crypto

Former U.S. president Donald Trump holds up to $500,000 in an Ethereum wallet, a recently released filing with the U.S. Office of Government Ethics revealed. Trump, who is running for the oval office again in 2024, has been a long standing crypto skeptic. However, he released a collection of non-fungible token (NFT) cards last year … Read more

CEO of World’s Largest Bitcoin ATM Operator Sees Industry Ripe for Consolidation

Bitcoin Depot is the world’s largest bitcoin ATM operator. The company went public in July, is well-capitalized, and may seek to acquire smaller operators that struggle with key operational challenges. A lot has changed since Brandon Mintz bought his first bitcoin on what he describes as a “crappy website” in 2013. He’s now CEO of … Read more

Coinbase Ventures’ Strategic Investment Sends Rocket Pool Token Surging

Coinbase Ventures – the investment branch of the biggest publicly traded U.S. crypto exchange – expanded its relationship with RocketPool by announcing today its purchase of the liquid staking network’s native token RPL. RPL, which provides direct incentives, insurance and governance for the Rocket Pool ecosystem, has jumped more than 9% in the past 24 … Read more