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Avalanche Blockchain Usage Grew in Second Quarter: Nansen

The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health level – increase significantly in the period.

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Author: Sage D. Young

DYdX evaluates transitioning token to native asset of upcoming Layer 1 chain on Cosmos

The team behind dYdX is evaluating a transition of its governance token to become the native asset of the dYdX Chain. 

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Author: Vishal Chawla

Coinbase’s Estimate-Beating Earnings Fail to Convince Analysts of Long-Term Prospects

It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.

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Author: Will Canny

Looter Behind $61M Curve Hack Starts Returning Assets, Raising Hope for Recovery

The exploited protocols offered a 10% bounty Thursday for returning the rest of the assets until the end f this week.

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Author: Krisztian Sandor

Coinbase cites Ripple case in motion to dismiss SEC lawsuit

Coinbase is fighting back against the Securities and Exchange Commission, citing a high profile case as a reason to dismiss the agency’s case. 

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Author: Sarah Wynn

Bitcoin stays stagnant ahead of pending SEC spot ETF decisions

Bitcoin is confined within a tight range within 10% of its one-year high, experiencing the lowest annualized 30-day volatility since 2020.

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Author: Brian McGleenon

‘Suspicious’ Multichain Wallet Dumps $1.8M WOO Network Tokens; Price Drops 8%

An Ethereum wallet funded by a beneficiary of the Multichain exploit has sold $1.8 million worth of WOO Network (WOO) tokens on Uniswap, causing the price to slump by 8%.

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Author: Oliver Knight

Changing voter demographics puts focus on Bitcoin for US 2024 election: Grayscale

A new report by crypto investment firm Grayscale highlights the rising significance of Bitcoin in the 2024 U.S. presidential election.

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Author: Brian McGleenon

U.S. Added 187K Jobs in July, Missing Estimates 200K; Bitcoin Slips to $29,100

The unemployment rate TKTK to 3.X% versus estimates for 3.6%.

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Author: Stephen Alpher

First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Author: Lyllah Ledesma, Omkar Godbole


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