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95% of NFTs May Now Be Worthless, Report Suggests
Most non-fungible tokens (NFTs) may now be worthless, less than two years after crypto's most recent bull run, a report by dappGambl suggests. The recent study is based on data provided by NFT Scan and CoinMarketCap and examined more than 73,000 NFT collections found that over 95% of them had a market cap of 0 ETH. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Staking Is Seeing 'More Attention' in Past Year: Proof of Stake Alliance Executive
Proof of Stake Alliance executive director Alison Mangiero breaks down the increasing attention being paid to staking over the past year. "Many people started paying attention to staking earlier this year, when we saw the Kraken settlement and SEC with the enforcement actions against Coinbase and Binance," Mangiero said.
Crypto Markets 'Going to Be Choppy' for Remainder of Q3: Coinbase Institutional Head of Research
Bitcoin (BTC)'s price is sliding Monday and appears on track to ending the third quarter lower. Coinbase Institutional Head of Research David Duong discusses his crypto markets outlook and why some investors might be "overestimating" the impact of certain macro factors.
'There Needs to Be' a Future of Staking in the U.S.: Proof of Stake Alliance Exec
As part of CoinDesk's Staking Week, presented by Foundry, Proof of Stake Alliance executive director Alison Mangiero discusses the state of staking in the U.S. and abroad one year after the historic Ethereum "Merge."
'Quite Unlikely' Crypto Legislation Gets to President's Desk in Current Congress: Former Sen. Toomey
Though the digital assets industry is desperate for regulatory clarity in the U.S., and is fighting legal skirmishes with the SEC while it waits for answers, the long-awaited congressional solution isn’t coming any time soon, according to former U.S. Senator Pat Toomey. "It's quite unlikely that legislation gets all the way to the President's desk and signed into law in this Congress. However, there is real important progress being made," Toomey said.
SEC Seeing Most Cryptocurrencies as Securities Is 'Ridiculous': Former Sen. Pat Toomey
U.S. House lawmakers have been making strides in crypto regulation, but could the recent flurry of legislative progress become law? Former Sen. Pat Toomey (R-Pa.) discusses the outlook for regulatory clarity and why "we still have a ways to go" as the SEC pushes for more industry oversight. Plus, insights into Toomey joining Coinbase's global advisory council and his central bank digital currency (CBDC) outlook.
Binance Claps Back at SEC Lawsuit; FTX's Sam Bankman-Fried Will Remain in Jail
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including the argument Binance attorneys are making in a recent motion to dismiss the SEC's lawsuit. Bankrupt crypto exchange FTX has sued former employees of Salameda. And, FTX founder Sam Bankman-Fried faces a legal setback after an appeals court rejected his attorneys’ attempt to free him from jail ahead of his trial.
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
'Generational Change in Washington' Likely Needed for 'Sensible' Crypto Legislation: Former CFTC Chair
J. Christopher Giancarlo, former CFTC chairman and senior counsel at Willkie Farr & Gallagher LLP, weighs in on the state of digital asset regulation in the U.S. "We need some degree of generational change in Washington before we get the sensible crypto legislation that we really need," Giancarlo said.
Former CFTC Chair Chris Giancarlo: 'Real Issue' Is Future-Proofing the U.S. Dollar
Former CFTC chairman and senior counsel at Willkie Farr & Gallagher LLP J. Christopher Giancarlo shares his thoughts on the potential future of a U.S. central bank digital currency (CBDC). "The real issue is...how do we future-proof the U.S. dollar?" Giancarlo said. "How do we protect democratic values of economic integrity and economic autonomy in these digital systems?"
