Bitcoin News

Bitcoin News

Web3

NFT Trading Is Ice Cold But Developers Are Still Hot for Web3

This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.

3D planes from the EY-ZERO1 NFT collection. (OpenSea)

Markets

Bitcoin Little Changed This Week as Broader Crypto Gauge Sheds 1.6%

The theme of relatively flat prices continued as July turned to August.

(Getty Images)

Finance

Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin

The move is part of a "process of developing technologies that are going to create democratizing opportunities for wealth creation," Suarez said in an interview on CoinDesk TV on Friday.

Miami Mayor Francis Suarez will accept bitcoin donations for his presidential campaign. (CoinDesk TV)

Finance

U.S. Added 187K Jobs in July, Missing Estimates for 200K, Bitcoin Slips to $29,100

The unemployment rate fell to 3.5% versus forecasts for 3.6%.

(Unsplash)

Markets

Bitcoin Holdings on OTC Desks Decline 33%: Glassnode

Over-the-counter desk balances are widely considered a proxy for institutional activity. Still, caution is warranted when drawing conclusions.

BTC OTC desk balance (Glassnode)

Markets

Crypto Options Volume on CME Rose to Nearly $1B in July: CCData

The increase suggests that institutions might be hedging their positions.

(Shutterstock)

Policy

ProShares, Bitwise File for Bitcoin and Ether ETFs

If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.