BITPRISMIA
Crypto continues to struggle with execution despite its ambitious ideas, as evidenced by low adoption, financial engineering concerns, and dominance of speculative trading over substantive use cases.
Solana Mobile addressed criticisms of its first phone, the Solana Saga, by improving its second device, the Seeker, which offers better performance and features while maintaining a focus on crypto integration.
The Federal Reserve's policy is diverging from other central banks like the ECB and BOE, with a high likelihood of a rate cut in September 2025, while emphasizing data-driven decisions amid economic uncertainties.
Tornado Cash developer Roman Storm was found guilty on one federal count, while being acquitted on another and having no verdict reached on a third count.
In 2024, stablecoins accounted for 90% of crypto salaries, with USDC being the most preferred choice among crypto industry employees.
The article discusses the nature of crypto investments, emphasizing that investors own incentives rather than protocols, and highlights the speculative and opaque nature of valuing crypto projects like Pump.fun and Grass.
Switchboard has launched 'Surge', a high-speed oracle for Solana that delivers price feeds with sub-100ms latency, significantly faster and cheaper than previous solutions, targeting latency-sensitive DeFi applications.
Wall Street analysts predict a potential double-digit decline in the S&P 500 due to overextended market gains, weakening economic data, and historical August volatility.
Coinbase's Base network experienced a 33-minute outage due to an 'unsafe head delay', but DeFi protocols remained largely unaffected due to effective safeguards.
The article discusses the importance of effective communication in the crypto industry as it becomes mainstream, highlighting efforts to make crypto more accessible and understandable to the public.