Category: Breaking

CoinShares attributes the inflows to recent price weakness prompted by defunct crypto exchange Mt. Gox initiating preparing to initiate repayments to creditors.

Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said.

The latest price moves in bitcoin (BTC) and crypto markets in context for July 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

With hundreds of millions of users, Telegram’s TON, aka The Open Network, is building a head of steam in simple, addictive, fun games built on a blockchain.

To lead the investment efforts, the company appointed Julien Auchecorne as head of Auros Ventures.

As social, finance, gaming, messaging become folded in single “super apps” – as they are already in Asia – memes transmit subtle but powerful cultural meaning in a digitally-native way, says Ray Chan, CEO of Memeland. Welcome to the Meme Age.

Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

FIL and LINK emerged as top performers, driving the CoinDesk 20 index higher by 3.2%.

The Chairman of the Catizen Foundation explains how the team behind the Web3 game attracted 23 million players, and how it hopes to build a lasting franchise.

Plus: Polymarket traders remain skeptical about Biden’s insistence he’s staying in the U.S. presidential race; will ETH fall to $2,630?