Crypto for Advisors: Bitcoin and the Bull
What’s behind the bull case for bitcoin? Brian Rudick and Matt Kunke from GSR take us through the reasons in today’s Crypto for Advisors newsletter.
News
U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap
A New York judge declined to “stretch the federal securities laws to cover the conduct alleged” in a proposed class action complaint seeking to hold Uniswap accountable for “scam tokens” issued on the protocol.
Ether Heads for ‘Death Cross’
Ether’s daily chart (TradingView/CoinDesk)
Arbitrum Developer Courts Coders Who Already Know WebAssembly-Compatible Languages
The new feature “Arbitrum Stylus” will make it easy to write smart contracts using computer languages compatible with the WebAssembly or WASM standard – seen as far more common than the Ethereum Virtual Machine or EVM standard that many blockchain developers currently use.
First Mover Americas: Musk’s X Obtains Payment Licenses in Several U.S. States
The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.
Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains
Swift and Chainlink announced in June they were collaborating with dozens of financial institutions to test connecting blockchains.
Elon Musk’s X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto
Elon Musk’s social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states.
SEC Could Prepare Alternative Arguments to Reject Spot Bitcoin ETFs: Berenberg
Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.
Scores of Friend.tech Users Remain Active Even as Trading Volumes Drop 95%
Falling revenues have led some market commenters to say the platform has “gone dead.” But has it?