Business
As “casters” descend on Venice Beach for FarCon, Unchained looks at how discussions on Farcaster are kinder and gentler than the often rough-and-tumble dynamic on X (Twitter). Here’s what to know and who to follow.
As memecoins drive much of the trading activity on one end of the crypto market, protocols with perhaps a more legitimate use case are quietly growing in value.
Bitcoin
Onchain analysts at Glassnode have identified the cohort of investors behind the duration and depth of each market pullback, noting that we are still within “the Euphoria zone.”
While Bitcoin’s new non-fungible feature, Runes, has attracted attention and initially buffered the bottom lines of miners, its usage quickly plummeted.
Ethereum
Blockchains including Celo have recently chosen Optimism’s OP Tech Stack to deploy Layer 2s on Ethereum.
With Bitcoin, Ethereum, and Solana facing sharp declines, some point to dwindling bullish catalysts and regulatory risks, while others see potential for a market rally.
Regulation
How fair was the founder and former CEO of Binance’s sentence? See how it stacks up to other recent banking prosecutions across crypto, TradFi, and the casino industry.
The former chief of Binance was sentenced by a Seattle judge to four months behind bars for violating the Bank Secrecy Act.
DeFi
REZ and KMNO have both decreased substantially since their market debut early Tuesday, continuing a trend for recently airdropped tokens.
Executives at China Asset Management aren’t concerned about the US trying to label ether a security because the Hong Kong securities regulator has already determined its stance on the digital asset.
