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Coinbase Exec: Seeing 'Mainstream Users Start to Come in' on Base Blockchain
Base, the new Ethereum layer 2 blockchain built on OP Stack by the U.S. crypto exchange Coinbase, went live on Wednesday. Jesse Pollak, creator of Base and Coinbase's head of protocols, joins "First Mover" to discuss the launch in the latest move that aims to bring mainstream awareness to the the on-chain economy. Plus, Pollak's outlook on DeFi and crypto regulation in the U.S.

FTX Founder Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge: DOJ
The U.S. Department of Justice still plans to bring a campaign finance-related charge against Sam Bankman-Fried. This comes after prosecutors had dropped a campaign finance charge against the FTX founder last month. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the charges that will be brought against the FTX founder. Plus, the latest on Ryan Salame, as Bloomberg reports that the former FTX executive is in talks with federal prosecutors.

Stablecoin Market Could Reach Almost $3T in Next 5 Years: Bernstein
Bernstein analysts said in a research report that the stablecoin market is expected to grow from $125 billion to $2.8 trillion of tokenized digital currency in the next five years. "First Mover" hosts share their reactions to the report and outlook on the stablecoin market.

PayPal's Stablecoin Debut Shows This Technology 'Has Value Outside of Crypto': Former CFTC Chair Massad
PayPal USD (PYUSD), the latest stablecoin pegged to the U.S. dollar, will be an Ethereum-based token offered to the company’s online-payments customers before expanding to PayPal’s Venmo app. Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the broader implications, noting that PayPal's move shows "this technology could be beneficial in payments more generally."

The Sandbox Co-Founder on Launching Elvis Presley NFT Avatars, Future of the Metaverse
Metaverse platform The Sandbox is introducing NFT avatars of Elvis Presley to celebrate the music icon's legacy in the digital world. The Sandbox co-founder and COO Sebastien Borget discusses the details of the launch and how users who buy an NFT will have governance and voting rights for the Elvis Legacy Council DAO. Plus, insights into Asia's role in the global metaverse ecosystem.

Bitcoin Breaking Out of its Tight Trading Range 'Hinges on Liquidity': Strategist
Bitcoin briefly broke above $30,000 before retreating slightly, as investors continue to digest weaker-than-expected Chinese trade numbers for July and await U.S. inflation data scheduled for release later this week. tastycrypto head Ryan Grace discusses his crypto markets analysis and outlook. Plus, Grace's reactions to Coinbase's Base blockchain is opening to the public and the implications for DeFi adoption.

PayPal's Stablecoin Could Propel Creation of a 'Federal Regulatory Framework': Former CFTC Chair Massad
PayPal is issuing a U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), but what does this mean for crypto regulation in Washington, D.C.? Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses his reaction and the outlook for stablecoin legislation. "PayPal is saying, we think this technology could be beneficial in payments more generally...that's a good thing," Massad said.

DeFi Outlook Is 'Mixed' in Wake of Curve Finance Exploit: Arca Head of Research
Arca head of research Katie Talati discusses her crypto markets analysis as bitcoin (BTC) continues to trade sideways and appears to brush off PayPal's dollar-backed stablecoin launch. Plus, what to make of the recent Curve Finance exploit and the outlook for DeFi.

Why Investors Are Waiting For a U.S. Crypto Tax Rule Revamp
Crypto traders have been waiting for a set of new rules that will overhaul how they report their cryptocurrency taxes since the issuance of crypto tax documents was required in the law two years ago. Treasury Department’s Internal Revenue Service (IRS) completed the proposal months ago, so why hasn’t it been proposed? CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the new tax rule plan and why it has been delayed.

Web3 Developer Activity Jumps in Q2, Suggesting Long-Term Ecosystem Growth: Alchemy
A new report finds that Web3 developer activity is still on the rise in the second quarter, despite NFT and DeFi trading volume slipping from all-time highs. Alchemy Product Manager Will Hennessy discusses the key takeaways from the findings and the revelations on long-term development of the ecosystem.
