Author: American Coins & Gold

DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
“The company we’ve built is different from the company dYdX must be,” said the CEO.

President Biden Thanks Nigerian President for Binance Exec’s Release: White House
U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan.

Crypto Trading Firm DWF Labs Fires a Partner After Drink-Spiking Allegations

DWF Labs Fires a Partner After Drink-Spiking Allegations

Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say
Coinbase Q3 earnings preview

Crypto Ghosted in U.S. Treasury Department's New Strategy on Financial Inclusion
The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards.

Solana-Based RWA Platform AgriDex Taps Stripe's Bridge to Lower Cost for Agricultural Trade Settlements
AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High
A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.

Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at 'Overweight'
The broker initiated coverage of HIVE with an overweight rating and $9 price target.

Optimism Foundation Agreed to Give Kraken .5M of OP Tokens in Layer-2 Deal
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.