Economic data seems to indicate an economic slowdown is inevitable. So why is Fed Chairman Jerome Powell trying to gaslight Americans? Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed,...Continue Reading

Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. Several fake accounts on Twitter — currently rebranding to X — were pushing malicious links to users following the launch of the Worldcoin human identity verification token. July 24 marked Twitter’s rebrand to...Continue Reading

The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders to as high as 8%.  The...Continue Reading

Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest,” but has regained it after Worldcoin launched on July 25. The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks...Continue Reading

The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties. Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references...Continue Reading

Bitcoin casts off a U.S. GDP “nothingburger” but DXY charges to two-week highs in what is traditionally a BTC price headwind. Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip Data from...Continue Reading

Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf...Continue Reading

Bullish investors profit from rising markets, bearish investors profit from falling markets, while “pigs,” often suffer losses in risky conditions. Crypto market’s volatility and potential for profit and loss The crypto market is known for its high volatility, which refers to the rapid and unpredictable price fluctuations of cryptocurrencies. Market sentiment, recent news events, regulation...Continue Reading

Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers. United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill. In a July 27...Continue Reading

Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.  Molnár’s Themes and Variations #1...Continue Reading