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Flippening Ahead?; NFT Sales Fall Again

Ethereum overtakes Bitcoin in options market, prompting suggestion the flippening is imminent. Binance clarifies details of compliance efforts. Singapore court gives Vauld three months protection from creditorsNFT sales limp into July with a 25% drop from June as broader crypto slump spreads. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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U.S. Senators Introduce Bipartisan Bill to Simplify Crypto Transactions for Everyday Purchases

Senators Pat Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) introduced a new bipartisan bill that would simplify the use of digital assets for everyday purchases. Coin Center Executive Director Jerry Brito shares insights into the proposed legislation and what this means for mass adoption.

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Ether Overtakes Bitcoin in Options Market for First Time

Ether (ETH), the native token of Ethereum’s blockchain, has overtaken industry leader bitcoin (BTC) in the options market for the first time on record. Plus, activity in the ether spot market is also picking up. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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What Ether Options ‘Flippening’ Means for Bitcoin

Solidus Labs Chief Operating Officer Chen Arad discusses his reading of the recent surge in ether (ETH) options and its impact on bitcoin (BTC) ahead of Ethereum’s upcoming “merge” from a proof-of-work to proof-of-stake consensus mechanism. Plus, his take on the latest crypto contagion and the lessons learned.

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Putting it on the Diamond Chain: Tiffany and Co Reveals $50K CryptoPunk Pendant

Luxury jewelry brand Tiffany and Co. (TIF) is selling 250 customized, diamond-encrusted pendant necklaces for 30 ETH (around $50,000) each exclusively to holders of the famed avatar collection CryptoPunks. “The Hash” hosts discuss the significance of the luxury industry’s latest leap forward into Web3.

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American Express Leads the Latest $8.4M Funding Round for NFT Platform OneOf

Sustainability-focused non-fungible token (NFT) platform OneOf has raised $8.4 million in a strategic funding round that included Amex Ventures, the venture capital arm of American Express. The credit card company will host an exclusive pop-up event that includes OneOf NFTs. “The Hash” panel discusses the outlook for corporate NFTs amid continued interest from TradFi titans.

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Binance’s KYC Cost Exchange ‘Billions in Revenue,’ Says Compliance Officer

Three leading members of Binance’s compliance team opened up to Reuters about what it takes to deal with fraud, money laundering, terrorist financing and bad press for the world’s largest crypto exchange. “The Hash” team unpacks the report and what it reveals about Binance behind the scenes.

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ETH Merge Delay Concerns; Buterin’s Clown Call

Concerns over Ethereum delays surface, while Tether CTO says it will be supported. Ethereum cofounder calls Bitcoin bull Michael Saylor ‘a total clown’ and Meta’s metaverse attempts will ‘misfire’. CoinFlex cuts staff to reduce costs by 60%. US FDIC issues advisory over crypto deposits and insurance. Report alleges S. Korean Busan Bank employee embezzles US$1.1 mln, invests in Bitcoin. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Netgear Partners With SuperRare to Bring NFT Art Into the Physical World

Netgear, the company best known for its Wi-Fi routers, is teaming up with NFT marketplace SuperRare to showcase NFTs on Meural digital displays. SuperRare CEO John Crain and Netgear Head of Meural Poppy Simpson share insights into the partnership, saying "We've joined forces to pioneer a new standard for streaming royalties." Plus, their take on the current state of the NFT market and what's next for the art world.

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Bitcoin Closed July Above $23K, Best Month Since October

Bitcoin climbed nearly 20% in July and closed above $23,000, recording its best month since October even as fresh U.S. economic data showed the Federal Reserve’s preferred measure of inflation rose to a new 40-year high in June.

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