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Changing Crypto Trading Patterns Reveal the Market’s Power Shift to the West
A recent blockchain analysis revealed that on Coinbase, Gemini and Kraken, exchanges that are more popular among users in the West, the average weekend bitcoin trading volume is growing relative to the average weekday volume, pointing to a dramatic shift in trading patterns this year from Asia to North America and Europe.

What’s Going On With Poly Network?
An address associated with the hacker who allegedly drained cross-chain decentralized finance (DeFi) platform Poly Network of roughly $600 million Tuesday has started to return the funds. “The Hash” panel discusses what’s going on with Poly in the largest hack in crypto history and what it could indicate for the future of DeFi regulation.

PNC Bank Planning Crypto Offering With Coinbase
PNC Bank, the fifth-largest commercial bank in the U.S. in assets, plans to work with crypto exchange Coinbase to offer crypto investment services to clients. This comes on the heels of Coinbase posting its higher-than-expected second-quarter earnings that sent prices of its COIN shares soaring.

SEC Chair Gary Gensler Wants Greater Authority and Resources to Regulate Crypto
In a letter to U.S. Senator Elizabeth Warren, Securities and Exchange Commission (SEC) Chairman Gary Gensler said Congress should grant the SEC greater authority and resources to crack down on the crypto sector.

Soccer Legend Leo Messi Drops First NFTs
Enter: The Messiverse. Iconic soccer player Lionel Messi is teaming up with the Ethernity platform and digital design firm BossLogic to launch his first official non-fungible tokens (NFTs). "The Hash" team discusses the latest sporting legend jumping on the NFT bandwagon, bringing blockchain awareness to the masses.

‘Bitcoin Is A Rocket Ship,’ Says Tech Industry Veteran
Guy Gotslak, President & Co-Founder of crypto investment platform My Digital Money, discusses bitcoin’s next move as it remains in a long-term uptrend. “We might see a little resistance, but I believe long-term, it’s a rocket ship,” Gotslak said. Plus, why he doesn’t think crypto regulation has a significant impact on market activity.

What US Senate’s $3.5T Budget Plan Could Mean for Crypto
U.S. senators voted along party lines to support a $3.5 trillion blueprint for President Joe Biden’s agenda. This includes the $1 trillion infrastructure bill that passed Tuesday, which included contentious tax reporting provisions on the crypto community.

Largest Hack in DeFi History, ADA Hits Two-Month High
Poly Network suffers the largest hack in DeFi history. Small and mid-sized miners suffer in China exodus, and Cardano’s ADA hits a two-month high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time. CoinDesk's Nate DiCamillo digs into the report and reveals about the outlook for Coinbase and the wider industry. Plus, his insights into the latest Consumer Price Index (CPI) numbers.

Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies
Bitcoin and ether are soaring, but some crypto traders speculate the next hot market bet: digital assets associated with visions of a decentralized Internet or Web 3.0 tokens. Vanessa Grellet, Head of Portfolio Growth at investment firm CoinFund, explains what Web 3.0 tokens are and why she believes “this is looking like the future.”
