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Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week

Users will be able to bridge their ETH starting Thursday, with the official launch of the main network on Aug. 9.

Coinbase Beats Analyst Estimates for Q2, but Transaction Revenue Falls

The crypto exchange beat on both the top and bottom lines, but transaction revenue and total trading volume fell.

Bitcoin Drifts Near $29.2K, Unstirred by Macro Events; ADA, SOL, MATIC Steady in the Red

The largest cryptocurrency by market cap is likely to remain stubbornly rangebound a little above $29,000, a number of analysts are saying.

Aug 3, 2023 at 3:54 p.m. PDT

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

Elon Musk’s X Seeks Data Partner to Build Trading Service on App: Semafor

Given the billionaire’s affinity for digital assets, the offering could include crypto trading.

Matter Labs Accuses Polygon of Spreading “Untrue Claims” With Code-Copying Allegations

In a blog post, Polygon alleged that Matter Labs copied its open-source code without providing attribution. Matter Labs said the code was “prominently attributed.”

By Margaux NijkerkSam Kessler

Razzlekhan’s Husband Admits to Being Hacker in Infamous 2016 Bitfinex Attack: CNBC

Ilya Lichtenstein was arrested alongside his wife Heather Morgan last year on money-laundering charges tied to the proceeds from the exploit.

The software company now owns around $4.5 billion worth of bitcoin and is planning to buy more in the third quarter of this year.

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Discovery

CoinDesk Podcast Network

Coinbase Gears Up For Public Launch of ‘Base’ Layer 2 Blockchain; Patreon Payout Concerns

The most valuable crypto stories for Thursday, August 3, 2023.

Aug 3, 2023

CoinDesk’s Money Reimagined

Twitterverse, Now ‘X’ in Chaos as Crypto Regulation Heats Up!

A possible ‘Crypto Twitter’ exit is likely as the algorithm changes with “forever” signups and Elon battles Mark over threads and data. Meanwhile, the FEDNow launches and the U.S. has achieved a historic moment with a bipartisan consensus on crypto regulation in the House…finally!

Aug 2, 2023

RWA Tokenization: What Does it Mean to Tokenize Real-World Assets?

Traditional finance giants are excited about the idea of putting ownership of assets like precious metals, art, homes and more on the blockchain.

Jul 25, 2023

Consensus Magazine

Bitget Exchange Faces Lawsuit by Advisor of ReelStar Token Project After the Listing Goes Sour

Influencer Evan Luthra says the exchange froze his account and destroyed his advisory relationship. Bitget says Luthra was dumping the REELT token as he advised his followers to buy.

Aug 3, 2023

Consensus Magazine

The Untold Story of Worldcoin’s Launch: Inside the Orb

Is Sam Altman’s UBI startup a smart countermeasure to AI, or a privacy nightmare? Jeff Wilser reports.

Jul 24, 2023

Understanding Ripple, XRP and the SEC Suit

We explain the difference and connections between Ripple and XRP and the history and the state of the SEC’s case against Ripple.

Mar 29, 2022

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.

May 4, 2023 at 2:39 p.m. PDT

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Trending in Crypto

First Mover Asia: Bitcoin Remains Calm Above $29.1 K but Is Higher Volatility in Its Future?

Aug 4, 2023

Crypto Update | Markets Steady and Binance Could Face U.S. Department of Justice Fraud Charges

Aug 3, 2023

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

Aug 3, 2023

First Mover Asia: Bitcoin Remains Calm Above $29.1 K but Is Higher Volatility in Its Future?

PLUS: A decrease in bitcoin supply active a year ago indicates that long-term holders have reduced their bitcoin exposure. Is hodling starting to wane?

Aug 3, 2023

Bitcoin Drifts Near $29.2K, Unstirred by Macro Events; ADA, SOL, MATIC Steady in the Red

Aug 3, 2023

ProShares Files Application With SEC for Bitcoin and Ether Equal Weight ETF

If approved, the fund will measure “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.”

Aug 3, 2023

Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days

Aug 3, 2023

Matter Labs Accuses Polygon of Spreading “Untrue Claims” With Code-Copying Allegations

In a blog post, Polygon alleged that Matter Labs copied its open-source code without providing attribution. Matter Labs said the code was “prominently attributed.”

Aug 3, 2023

Policy

Policy

ProShares Files Application With SEC for Bitcoin and Ether Equal Weight ETF

If approved, the fund will measure “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.”

Aug 3, 2023

Policy

Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

Anchorage Digital stands alone as the only OCC-chartered crypto bank after other efforts have fizzled out or been withdrawn.

Aug 3, 2023

Policy

Kenya Appears to Have Flip-Flopped on Worldcoin’s Data Practices

The country’s data watchdog found the project is compliant with its data-protection laws, but has now find different problems with Sam Altman’s project.

Aug 3, 2023

Policy

SEC Charges 18 Utah Defendants in $50M Crypto Fraud Scheme

The defendants sold unregistered securities they called “node licenses” to unsuspecting investors, the SEC said.

Aug 3, 2023

Policy

Namibia Sets the Stage for National Crypto Strategy With New Law

The Virtual Assets Act is just a “skeleton” of what a crypto regime could look like, but it sets the foundation for more laws and regulations, lawyers say.

Aug 3, 2023

Policy

FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings

Liquidating FTX Dubai under UAE law would make way for the timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings.

Aug 3, 2023

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