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The ruling held that a crypto asset is a “thing in action” enforceable via court orders.

DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3.

PLUS: At least one bitcoin price indicator suggests that BTC may be turning slightly upward soon, writes a CoinDesk analyst, while Tribe Capital’s managing partner sees a DeFi “resurgence.”

Except for the popular meme coin, which was recently up more than 10%, the largest cryptos by market cap were largely unchanged over the past 24 hours as investors awaited a likely 25 basis point increase from the U.S. central bank.

Episode 69 of Season 5 of The Scoop was recorded with The Block’s Frank Chaparro, and creator of Coinbase’s Base Jesse Pollak.

Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co.

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This episode of The Scoop was recorded with Jesse Pollak, the creator Coinbase’s Base network, live from the Ethereum Community Conference in Paris.

Outline:

00:44 Crypto ‘builder energy’

03:09 The L1 trade

05:07 Coinbase’s Ethereum Layer 2

06:45 Maturing beyond speculation

11:03 Technical obstacles to building

15:16 ZK vs. OP scaling solutions

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here’s my effort to catch up.

Dogecoin mania made a comeback on Tuesday after a logo for the popular meme-based cryptocurrency seemed to find its way to the profile of Elon Musk’s rebranded Twitter account. 

The price of the world’s seventh largest cryptocurrency by market capitalization rose 8.9% to $0.08 at 4:39 p.m. in New York, according to CoinGecko. That’s the highest price since April, with trading volume surging to more than $1.7 billion.

The rally took place as the symbol “Д appeared in a part of Musk’s Twitter profile that’s usually used to signify a location. It was placed right behind the new “X” logo for the company.

Musk, who bought the social media platform last year, also retweeted a user who goes by pseudonym “DogeDesigner.” 

Doge’s steady rise

Musk’s tweets have long been known to influence the price of dogecoin. The cryptocurrency surged earlier this year after Twitter briefly changed its logo to a meme of a Shiba Inu dog that’s associated with the token, only to crash more than 8% after it was removed. 

Dogecoin’s market capitalization currently stands at $11.4 billion, according to CoinMarketCap. It’s the third best preforming token tracked by the platform over the past week, rising 18.9%.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It’s the blockchain’s electricity consumption patterns, Texas Blockchain Council President Lee Bratcher writes.

Threads hopes to swoop in and capture Web3 users that are looking for social media alternatives. But does the app have what crypto natives are looking for?