The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps. Source: https://www.coindesk.com/business/2023/07/25/bridge-protocol-layerzero-passes-50m-cross-chain-messages/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk’s Mining …

A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit. Source: https://www.coindesk.com/business/2023/07/25/crypto-exchange-kucoin-to-adjust-some-personnel-as-needed-denies-layoffs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Layer-2 blockchain Optimism is set to unlock $36 million worth of tokens on Sunday, and the anticipated increase in supply spurred a 3.5% slump in the blockchain’s native token …

The latest price moves in bitcoin (BTC) and crypto markets in context for July 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Concerns around privacy, security and reported connections to Sam Bankman-Fried and Three Arrows Capital have raised eyebrows in the crypto community. Source: https://www.coindesk.com/business/2023/07/25/worldcoin-token-slumps-amid-crypto-community-unease/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A 25 basis point rate hike on Wednesday is a foregone conclusion. The question is whether the Fed will continue to raise rates in subsequent months. Source: https://www.coindesk.com/markets/2023/07/25/fed-preview-crypto-observers-expect-powell-to-keep-doors-open-for-rate-hikes-beyond-july/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto traders are buying up DOGE in hopes of the token playing a larger role on Twitter, which rebranded as “everything app” X on Monday. Source: https://www.coindesk.com/markets/2023/07/25/dogecoin-bumps-10-on-x-payments-speculation-doge-futures-traders-lose-10m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Regulators lack an ongoing coordination mechanism for addressing blockchain risks in a timely manner, the report says Source: https://www.coindesk.com/policy/2023/07/25/federal-regulators-are-needed-for-crypto-oversight-us-accountability-office/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Japan’s Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry. …