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Empire Newsletter: How the crypto conversation has evolved in 2 years
Empire Newsletter: How the crypto conversation has evolved in 2 years

Plus, is crypto sentiment shifting for the better?

Blockworks·2024/07/17 19:07
Bitcoin sale nets German government $2.8B
Bitcoin sale nets German government $2.8B

Cointelegraph·2024/07/17 18:37
The Daily: Grayscale's new AI fund, Trump's NFT tease, Germany's bitcoin selloff nets $2.9 billion and more
The Daily: Grayscale's new AI fund, Trump's NFT tease, Germany's bitcoin selloff nets $2.9 billion and more

Grayscale launches new fund for decentralized artificial intelligence.Trump says he wants U.S. in charge of crypto before China, teases another NFT launch.German government’s bitcoin selloff nets $2.9 billion as film piracy case marches on.The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Block·2024/07/17 18:31
The Scoop: Mixed sentiments and the evolving crypto market
The Scoop: Mixed sentiments and the evolving crypto market

The crypto market has felt strange recently — not quite bullish, yet not quite bearish. Is conference fatigue to blame?This column is adapted from The Scoop newsletter.

The Block·2024/07/17 18:31
Flash
22:59
Chainalysis: Peptide suppliers in the grey market are increasingly using Bitcoin and stablecoins
Odaily reported that Chainalysis released a report stating that as the demand for grey-market peptide products (such as weight-loss drugs like semaglutide) grows rapidly, relevant suppliers and buyers are increasingly using cryptocurrency for transactions, with major suppliers mainly relying on Bitcoin and stablecoins. The report shows that in the first quarter of 2026, crypto funds flowing into this sector reached 32 million US dollars, representing a 159% increase from the previous quarter’s 12 million US dollars. The annualized volume has already exceeded 100 million US dollars. Chainalysis pointed out that demand for peptide products is driven by cosmetic medicine, health and wellness trends, and the popularity of GLP-1 drugs. However, as these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict such transactions, prompting the market to shift to crypto payments. The organization also noted that some leading suppliers have adopted more professional on-chain fund management methods. Especially among suppliers with an average transaction deposit over 1,000 US dollars, the share of stablecoins has increased significantly, which may be to reduce the risk of large supply chain orders being affected by crypto market volatility.
22:52
Shielded Labs discloses that the Orchard forgery vulnerability has been fixed
Shielded Labs disclosed a vulnerability in Orchard that could have been used to generate an unlimited amount of counterfeit ZEC. The issue was fixed on June 2, and zcash:native dropped by 27%. (Decrypt)
22:51
Major US banks including JPMorgan and Citi to launch tokenized deposit systems
Major U.S. banks, including JPMorgan and Citi, plan to launch a tokenized deposit system to compete with cryptocurrencies. (Watcher.Guru)
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