DeFi
China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly
DeFi token prices surged amid the recent crackdown, but some insiders doubt it will last.

Is China’s Crypto Crackdown an Opportunity for DeFi?
A price surge for the native tokens of leading decentralized finance (DeFi) protocols came as no surprise after China tightened its crackdown on crypto trading because DeFi trading platforms are, in theory, resistant to censorship. Still, some insiders doubt the price rally will last.

Cross-Chain Wallet XDEFI Raises $6M to Take on MetaMask, Phantom
Following a $6 million funding round from leading blockchain VC firms and DeFi power users, XDEFI, a wallet that will allow users to interact with nine different blockchains, is looking to challenge incumbent MetaMask’s reign and newer upstarts like Phantom.

Crypto Gains Ground in Latin America Amid Venture Capital Boom
Venture capital funds invested more than $6 billion in Latin America in the first half of 2021, versus $4 billion in all of 2020.

Bitcoin Eyes Biggest Monthly Price Decline Since May
Despite trading 2.8% higher Wednesday at $42,200, bitcoin is eyeing a 10% monthly decline, the biggest loss since May. Richard Johnson, founder and CEO of FINRA and SEC-registered broker-dealer Texture Capital, discusses his outlook for bitcoin, the potential impact of China's crypto ban on the markets, DeFi, and smart contract protocols.

R3, Once Banking’s Blockchain Bet, Is Spinning Up a DeFi Token
As DeFi looks to compliance, “enterprise blockchain” sees an opportunity.

Market Wrap: Traders Seek Protection as Crypto and Stocks Dip on US Debt Ceiling Impasse
Bitcoin and other cryptocurrencies were lower on the threat of yet another federal government shutdown.

Ex-Revolut Exec Launches Governance Token With Backing From Galaxy Digital
Revolut’s former growth lead is turning his crypto project, Gro, into a DAO.

An Update on the ‘Erroneously High’ Gas Fee That Temporarily Cost DeversiFi $23.7M
Forget the scammers; crypto has its heartwarming stories, too.

IDX CIO on Selling Fully Out of Bitcoin Exposure
Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.

