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Welcome to DePIN Summer
2.7.2024
Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an “economy of things,” where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs in
Investors Added Money to Bitcoin ETFs Even as Bitcoin Slipped 7% in June
2.7.2024
Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin tumbled 7%
Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed
Crypto Exchange Kraken Is Considering Going Nuclear
2.7.2024
Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk
Decentralized Science: A Better Way to Fund and Grow Breakthrough Ideas
2.7.2024
Imagine if the next blockbuster medication could be funded through a decentralized, transparent process? This would not only democratize the funding of critical research, but also ensure that rewards and recognition are fairly distributed among all contributors, says Azeem Khan
Pump.Fun Overtakes Ethereum With $2M in Daily Revenue to Take No. 1 Position
2.7.2024
Celebrity-inspired meme coins have spurred a surge in revenue for token launchpad Pump.fun over the past 24 hours
Ironblocks' 'Venn' Network Aims to Keep Malicious Transactions From Ever Hitting Blockchains
2.7.2024
The Israeli firm's Venn security network uses a network of operators to seek out and freeze suspect transactions before they execute
Bitcoin Could Get Ethereum-Style Restaking as Startup Lombard Raises $16M
2.7.2024
Lombard is partnering with staking startup Babylon to let users earn interest for "restaking" with Bitcoin – using the asset to secure other crypto networks
Pi Squared, Building 'Universal ZK Circuit', Raises $12.5M
2.7.2024
The startup, led by a University of Illinois Urbana-Champaign computer science professor, uses zero-knowledge technology to enable “trustless remote computing" along with other blockchain use cases including AI
RedStone, Blockchain Oracle Project Pushing Into Restaking, Raises $15M
2.7.2024
The fresh round of capital will go towards hiring new team members, according to a press release
CoinDesk 20 Performance Update: ADA and XRP Lead
2.7.2024
Overnight, ADA and XRP led the CoinDesk 20 with half the assets trading higher
Astar Network to Burn 350M ASTR, 5% of Total Supply
2.7.2024
Multi-chain smart contract network Astar Network will burn 350 million ASTR tokens representing 5% of its total supply following a governance vote
Bitcoin's Retreat From $70K Characterized by 'Vol Lethargy'
2.7.2024
Deribit's BTC DVOL index, a measure of volatility expectations, has slipped to lowest since early February
Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient
2.7.2024
The round was co-led by Pantera Capital and Framework Ventures
Polkadot’s $245M Treasury Will Last 2 Years at Current Spending Rate
2.7.2024
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses
First Mover Americas: Bitcoin Bulls Hopeful Entering July as ETFs Record $130M Inflows
2.7.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for July 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Worldcoin Hires Former Google, X and Apple Execs to Beef Up Privacy, Security
2.7.2024
Tools for Humanity (TFH), a contributor to the Worldcoin project, hired four executives to advance its mission to ensure a more just economic system, the company said on Tuesday
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
2.7.2024
The Monetary Authority of Singapore released its stablecoin framework last year
These Hot Crypto Tokens Beat Bitcoin Gains in Q2. Here's What Drove Prices and What's Next
2.7.2024
Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini
2.7.2024
Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said