Between new “chemical cocktails” that could reverse aging to a resurgence in biohacking gyms and other longevity plays, billionaires seem to be increasingly obsessed with cheating death. The rest of us, however, should probably think about more practical things—like whether our mom might discover our browsing history.
A record nationwide heat-wave has disrupted daily life in many communities—and forced striking writers and actors off the picket lines in Hollywood. But the temperature in crypto has been relatively tepid, with an expected interest rate hike from the Fed keeping the digital assets market lukewarm at best.
Most of the heat was coming from Washington D.C. this week. While the mainstream was transfixed by the UFO hearing, the crypto community was tracking a mix of legislative initiatives.
Yet another crypto bill—the FIT for the 21st Century Act—drew vigorous debate in the U.S. House, with Democrats saying it fails to sufficiently protect consumers and Republicans saying it’s better than nothing. A separate bill relating to stablecoins also stalled, despite hopes that it could have earned bipartisan agreement.
Finally, the big budget bill was passed out of the Senate with several crypto provisions, including restrictions on “anonymity-enhancing technologies…such as mixers and tumblers.” Whether the amendments will be accepted by the House, however, remains an open question.
🪙 Coin of the moment
The headline-making and eyeroll-inducing launch of Worldcoin and its WLD token has raised the profile of its host, Ethereum layer-2 scaling solution Optimism. The launch has helped leapfrog Optimism past fellow Ethereum accelerator Arbitrum.
Optimism rolls up batches of Ethereum transactions to help users save on gas fees. These “optimistic rollups” assume all transactions in the batch are valid, but allows a period of one week for validators to formally check them for fraud.
Thanks to Worldcoin, Optimism transactions set an all-time high this week: nearly a million transactions in a day on Thursday, per Etherscan data.
With a $1 billion market cap, the Optimism OP token is up more than 20% for the month, according to CoinGecko, making it the 44th largest cryptocurrency.
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