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ALSO: CoinDesk columnist Chief Insights Columnist David Z. Morris considered the gathering of the Etherians at ETHDenver, all working together to build; Bitcoin stands on a precipice above $22.4K.
A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.
ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi’s potential unveiling of a new Hong Kong exchange, and said that the city’s evolving approach to digital asset licensing could shift attitudes in mainland China.
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.
Stacks’s STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month.
ALSO: Short interest is rising on China tokens while bitcoin treads water just above $23,000.
The Sepolia testnet was able to successfully process staked ETH withdrawals. There is one more test on the Goerli testnet that is planned before Shanghai goes live.
ALSO: Sam Reynolds writes about the complicated relationship between layer 1 blockchain Coinflux’s CFX token and China and asks if it has triple-digit growth potential; bitcoin ticks down but holds near $23.5K.
LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.
ALSO: CoinDesk Chief Content Officer Michael Casey considers why the U.S. Securities and Exchange Commission has overreached in its recent actions against crypto entities, and that the crypto industry must improve its lobbying efforts; bitcoin’s price rises.