UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.
Financial
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Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein
The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs, the report said.
Financial
DeFi Platform Pendle Nears $1B in Total Value Locked
Pendle crossed the $100 million TVL mark in mid-June 2023.
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Bitcoin Crosses $46K as Year of ‘Long’ Begins, Easing ETF Selloff
Over the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.
Financial
CoinDesk’s New Owner Bullish Replaces CEO in Restructuring
Sara Stratoberdha replaces Kevin Worth, who has led CoinDesk since 2017.
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Solana Gains More Than Bitcoin as Trader Speculates an ‘Extreme Move’ Is Ahead
The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
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JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.
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U.S. Senators Berate SEC’s Gensler for Agency’s ‘Unethical’ Handling of Crypto Case
Republican lawmakers wrote to the SEC chairman, arguing that its misrepresenting of evidence against DEBT Box casts doubt on the agency’s other enforcement matters.
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Layer-2 Blockchain Developer StarkWare Plans ‘Cairo’ to Verify Layer-3s
The Cairo Verifier, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s mainnet.
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Polygon Releases ‘Type 1 Prover,’ Claiming Milestone Set by Ethereum’s Vitalik Buterin
The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to “all of the liquidity and value on Ethereum itself,” Polygon said.