DeFi and RWA protocols are rebranding themselves as Layer 1s to capture infrastructure-like valuations. But most remain narrowly focused applications with little sustainable economics — and the market is beginning to see through it, says Avtar Sehra.
Magic Eden announced that the second season airdrop rewards will be distributed tonight, increasing the total rewards from 8 million ME to 10 million ME.
According to encryption journalist Eleanor Terrett, the jury in the Tornado Cash co-founder Roman Storm case is deadlocked on some charges. The judge has requested the jury to reconsider, and if the deadlock persists, the court may accept a partial verdict, and the government may initiate a new lawsuit. We are currently awaiting the outcome of the review.
BlockBeats News, August 6th, Market News: Trump's advisers are pushing for the appointment of temporary Federal Reserve Board members to fill the seats. Candidates for Federal Reserve Board members may have government work experience and need to undergo prior review by the Senate. Short term appointment of Federal Reserve governors will buy Trump more time in selecting the Fed chairman. (Golden Ten)