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The move allows Flare to access Layer 1 networks such as Ethereum and Solana, in addition to over 70 other blockchains.

The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.

BTC has already dropped 14% in four weeks.

Memecoins inspired by potential Biden replacements, like the misspelled “Gabin Noosum” and “Kamala Horris,” have surged in the past 24 hours.

Bitcoin and America mean different things to different people. Both may have been captured by corporate interests. And both are all about freedom.

As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of “distributed validator technology,” or DVT.

The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.

The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.

The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.