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Crypto for Advisors: Web2 to Web3
Kelly Ye looks at the three fast-growing blockchain ecosystems that are addressing the adoption challenges for Web3, gaining user adoption, and how they combine the strengths of Web2 and Web3 to create a seamless Web2-like onboarding experience while providing users with the benefits of sovereign ownership in Web3.
Germany Dumping $2.8B Bitcoin Is 'Market Intervention,' Despite Murky Legal Justifications
One expert told CoinDesk the law does not provide for an obligation, but merely an opportunity to sell, while another alleged that “How they handled this sell-off moved the market and is intervention in public markets.”
Visa's Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
Payment giant Visa's blockchain data partner AlliumLabs has raised $16.5 million in a Series A funding round led by venture capital firm Theory Ventures. Visa and Allium Labs also released their latest findings on stablecoin activity which showed which showed that demand for stablecoins has picked back up in 2024.
Polygon Sets September Date for Migration to POL Token from MATIC
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
Profit-Making Crypto Address Makes $16M Investment in BTC
Traders who are skeptical about bitcoin's {{BTC}} recent price rebound may find comfort in the fact that a crypto address, recognized for substantial trading profits, has made a fresh BTC investment this week. The addresses labeled "3QYQ8YthYTaAFJmzUqiis7iRSWG7e5buBN" amassed 245 BTC worth nearly $16 million on Tuesday, taking the tally to 248 BTC, according to data source Arkham Intelligence and blockchain sleuth Lookonchain. The transaction is noteworthy given the address' history of making profitable bets. In the past 12 months, it has made $30 million by bargain-hunting BTC at low prices and selling closer to trend tops. During the five months to mid-December 2023, the address bought 718 BTC at an average price of $29,385 and liquidated at $41,953, pocketing a profit of $9 million, Lookonchain detailed on X. The address rode the uptrend from February to June, pocketing $21.2 million in profit.
Vitalik Buterin, as Other Crypto Leaders Line Up Behind Trump, Argues Against Picking Candidates Just Because They Like Crypto
Ethereum co-founder Vitalik Buterin, as other prominent cryptocurrency leaders vocally support Donald Trump's run for U.S. president, argued against supporting candidates purely based on whether they are "pro-crypto." "By publicly giving the impression that you support 'pro-crypto' candidates just because they are 'pro-crypto,' you are helping to create an incentive gradient where politicians come to understand that all they need to get your support is to support 'crypto,'" Buterin posted on his blog Wednesday. Against choosing your political allegiances based on who is "pro-crypto"https://t.co/rEbRjZYtFB "There is a growing push within the crypto space to become more politically active, and favor political parties and candidates almost entirely on whether or not they are willing to be lenient and friendly to 'crypto,'" Buterin added. "In this post, I argue against this trend, and in particular I argue that making decisions in this way carries a high risk of going against the values that brought you into the crypto space in the first place."
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