Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
In this week's Crypto Long & Short, Nonco’s Caue Teixeri makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories
WisdomTree, MoonPay team up to expand US access to tokenized money market fund
MoonPay plans to use WisdomTree’s $1.2 billion WTGXX tokenized fund as part of its stablecoin reserves while helping expand access to US investors.
Cointelegraph
Is there any chance left to save the CLARITY Act?
CLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing.
Cointelegraph
Bitcoin coils near $76.5K as US stocks rebound from Fed rate hike
Bitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023.
Cointelegraph