Consensys Helps Decentralize Hollywood With Film.io and VillageDAO Partnership
Film.io is the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities.
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NEAR Foundation Forms Nuffle Labs With $13M in Funding
The spinout is aimed at advancing NEAR’s modularity and bringing more decentralized development to the ecosystem.
First Mover Americas: Bitcoin Holds $67K, CRV Slides
The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities
Australia’s regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday.
MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash
MicroStrategy Executive Chairman Michael Saylor (CoinDesk)
Paxos Cuts 20% of Staff: Reports
Bloomberg report says the company will have an increased focus on tokenization.
ERCOT CEO: Texas’ Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining
The Electric Reliability Council of Texas’ CEO said in Senate testimony that the state’s grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry.
DeFi Giant Curve Roiled as Founder’s Loans Get Liquidated; CRV Slides 30%
Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
Stick With Bitcoin, 10x Research Says After Fed Predicts Just One Rate Cut For 2024
ETF inflows resumed Wednesday as U.S. inflation came in lower-than-expected.
The Protocol: How Optimism Filled in Its Missing Tooth
In this week’s newsletter, we delve into the Ethereum layer-2 network Optimism’s delivery of “fault proofs,” a piece of functionality that was glaringly missing even though it was at the heart of the project’s security setup.