Daily Crypto News

1. Dubai scorches crypto winter with plans to support 40,000 ‘virtual jobs’ — Dubai aims to be one of the top 10 cities globally in the metaverse economy, creating 40,000 virtual jobs and adding US$4 billion to the city’s economy in five years.
2. US crypto bill may not pass the Senate this year, Lummis says — The U.S. Senate is unlikely to vote on the bipartisan cryptocurrency bill this year, Republican Senator Cynthia Lummis said Tuesday at the Bloomberg Crypto Summit.
3. Another Twitter Hack Hits the NFT Community — Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the social media accounts of NFT influencer Zeneca.
4. Morgan Stanley Says Buy Salvadoran Bonds Battered by Bitcoin Bet — Morgan Stanley is ready to scoop up battered bonds from El Salvador, which are some of the worst-performing notes this year as the president’s bet on Bitcoin backfires.
5. ’Realized Losses’ Might Prove Bitcoin’s Gain if Signaling a Market Bottom, Glassnode Says — Signs of seller exhaustion are creating conditions that resemble a market bottom for bitcoin (BTC), according to a report from blockchain analysis firm Glassnode.
6. Crypto Custodian BitGo Cleared to Operate in Italy — Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies.
7. Celsius reveals $1.2 billion hole and floats bitcoin mining fix during first day of bankruptcy trial — Embattled crypto lender Celsius Network played up the value of its bitcoin mining business in a first day hearing for its bankruptcy proceedings in a New York court on Monday.
8. Tribe Capital Hires Republic Capital Co-Founder Revsin as Managing Partner — Tribe Capital, a venture capital firm with over $1.5 billion in assets under management, has hired Republic Capital co-founder Boris Revsin as a managing partner overseeing equity and crypto funds plus Tribe’s newly announced crypto incubation program, Revsin exclusively told CoinDesk.
9. Fantom Joins the Rally With a 16% Rise As Market Cap Crosses $1.04T — The crypto market is currently on a roll, with altcoins leading the rally adding $110.83 billion in the span of 24 hours. As a result of the week-long rally, the total value of all cryptocurrencies has risen from $841 billion to $1.042 trillion at the time of writing.
10. GameStop’s NFT Marketplace Opening Week Sales Eclipse Coinbase Volume — Video-game retailer GameStop’s non-fungible token (NFT) marketplace is proving to be an early hit among JPEG collectors, doing over 5,000 ETH (around $7.2 million) in trading volume since its launch on July 11, more than doubling competitor Coinbase’s all-time NFT volume, according to data compiled by CoinDesk.

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