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DeFi Benefits From China Ban, Gamevil Increases Coinone Stake

China crypto ban to benefit DeFi space. Gamevil becomes the second-largest shareholder of Korea’s Coinone. Illicit mining operation discovered at Tehran Stock Exchange. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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California Pro-Bitcoin Congressional Candidate Aarika Rhodes Running to Unseat Rep. Brad Sherman

A national call to ban cryptocurrencies is not limited to China. U.S. Congressman Brad Sherman (D-Calif.) wants to do the same, but his seat is being challenged by a pro-bitcoiner and congressional candidate for California’s 30th District, Aarika Rhodes. Rhodes discusses the politics of bitcoin, sharing insights into running to unseat Rep. Sherman.

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Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms

A pawn shop for NFTs? Startup NFTfi is bringing collateralized lending to the fast-growing NFT market, providing a gateway to DeFi for retail investors. Users can mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren't yet ready to part with their CryptoPunks or Bored Apes. "The Hash" squad discusses the latest move signaling the growing demand for DeFi applications.

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Bitcoin Headed Towards Its Worst Month Since May

Bitcoin appears to be set to end the seasonally bearish month of September on a negative note due to instability in global financial markets, regulatory concerns, and China’s decision to ban crypto businesses. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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SEC Chair Gensler Reiterates Support for Futures-Based Bitcoin ETFs

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his support Wednesday for a narrow class of bitcoin exchange-traded funds (ETFs) that would invest in futures contracts instead of the crypto itself. CoinDesk's Galen Moore discusses the outlook for the U.S. ETF landscape, suggesting the likelihood of a spot ETF getting approved compared to a bitcoin futures ETF. Plus, his views on El Salvador using volcanic energy for bitcoin mining.

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Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market

As a pitched battle in the U.S. Congress raises the risk of the government defaulting on its $28 trillion in debt, some cryptocurrency traders are speculating whether the gridlock over raising the debt ceiling could cause a swoon in bitcoin prices.

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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.

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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.

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Grammy-Nominated Artist BT on Turning Album ‘Metaversal’ Into an NFT Treasure Hunt

BT, a Grammy-nominated trance artist and software designer, is launching "Metaversal," an NFT album and cryptographic treasure hunt. The programmatic album is being released as an 11-tiered auction on Origin Protocol's NFT Launchpad. BT breaks down how it all works, discussing the album, its user experience, unlockable NFTs, and the future of music.

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Cardano Foundation CEO on Gaining Smart Contract Capability, 'Alonzo' Hard Fork

Open-source public blockchain Cardano's ADA token has skyrocketed over 1000% YTD. Behind this surge is the completion of the "Alonzo" hard fork, a major upgrade on the Cardano network that saw the implementation of smart contract functionality, paving the way for native decentralized applications (dapps). Cardano Foundation CEO Frederik Gregaard shares insights into what "Alonzo" means for development on the blockchain, the network, and the overall digital asset ecosystem.

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