😬 Mixed Reactions
😬 Mixed Reactions
In today’s edition: 🤑 Polymarket mulls token launch, while seeking fresh funding, ⚖️ Judges challenge SEC on crypto clarity, 🔄 EigenLayer freeing EIGEN token trades, and more!
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The Chopping Block: World Liberty Financial, Liquidity Risks, and Global Crypto Adoption
Live from TOKEN2049: World Liberty Financial, Market Volatility, & Global Crypto Adoption.
Welcome to The Chopping Block — where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week the squad is live from Token2049 in Singapore and joined by special guests Mo Shaikh, CEO and co-founder of Aptos Labs, and Arthur Hayes, chief investment officer at Maelstrom. In this episode, they tackle the buzz around Trump’s DeFi projects, the challenges of hosting Token2049 during F1, and the controversy surrounding Iggy Azalea’s canceled debate. The conversation also covers the macro impact of potential Fed rate cuts, the role of celebrity coins, and the future of global crypto adoption.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Veronica Irwin
Kamala Harris Makes Her First Comments on Crypto, and the Reaction Is Mixed
At a donor event in Manhattan on Sunday, the Vice President made her first statements on crypto since beginning her presidential campaign.
Daily Bits… ✍️✍️✍
🎲 Prediction market platform Polymarket is reportedly raising $50 million in fresh funding and is mulling issuing its own token, which would help validate outcomes of real-world events. Investors in the funding round reportedly received token warrants.
💥 Federal judges questioned the SEC's approach during a hearing, pressing the agency on its reluctance to clarify whether bitcoin and ether are commodities, while Coinbase pushed for clearer regulations.
🔓 EigenLayer plans to lift transfer restrictions on its EIGEN token by Sept. 30, allowing stakeholders to trade and transfer their tokens following a seven-day unstaking period.
🤝 Bitcoin mining firms Riot and Bitfarms reached a settlement after governance disputes, leading to board changes and a shift in focus back to expansion and diversification strategies for both companies.
🎮 Treasure DAO voted to migrate from Arbitrum to ZKsync, aiming to launch its decentralized gaming ecosystem on ZKsync’s Elastic Chain within the next two months.
Today in Crypto Adoption...
🔗 The Hong Kong Monetary Authority expanded its e-HKD project, now called Project e-HKD+, to explore tokenization and programmability in digital currency use cases, focusing on assets settlement and offline payments.
The $$$ Corner…
💸 Celestia Foundation raised $100 million to continue scaling its modular blockchain network, despite its native token TIA being down 54% since the start of the year.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.2%, trading at $63,659
ETH is up 0.1%, trading at $2,649
BTC dominance: 53.85%
Crypto market cap: $2.33T
*All data as of today, 06:35 am ET. Source: CoinGecko
Recommended Reads
Brendan Malone, policy manager for crypto VC Paradigm, on the SEC’s “regulation by enforcement”
Blockworks: Silvergate’s shuttering caused by ‘intense regulatory pressure:’ Executive
DL News: Arthur Hayes says he was wrong on bearish Bitcoin stance: ‘let the good times roll’
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