Bitcoin Update 8/3/21 | The First Step to Making Sense of the Token Economy

With crypto markets trading in the red and a look at how some token economies work, CoinDesk’s Markets Daily is back with the latest news roundup. This episode is sponsored by Kava, Nexo.io and Celo. Today's Stories: Bitcoin Approaching Short-Term Support at $34K-$36K Bullish Flows Push Bitcoin's Put-Call Ratio to 2021 Low Market Wrap: Bitcoin Underperforms Ether; Crypto Tax Ahead? Stocks Reverse Early Gains, Finish Modestly Lower Stocks cling to highs in Europe on robust corporate earnings Translate Bio, Take-Two Interactive, Activision, Occidental Petroleum: What to Watch When the Stock Market Opens Today Stock Futures Point to Dow, S&P 500 Grinding Higher PepsiCo to sell Tropicana, other juice brands for $3.3 billion Amazon expands deliveries to serve unlikely clients: its rivals Americans Are Willing to Take Pay Cuts to Never Go Into the Office Again Former Monero Maintainer 'Fluffypony' Arrested and to Be Extradited for Non-Crypto Crimes Australian Exchange CoinJar Unveils Crypto Mastercard in Country First HSBC UK Blocks Payments to Binance Exchange Senator Toomey Calls Text of Current Crypto Tax Proposal 'Unworkable' SEC Boss Gensler Eyeing Robust Regulation of Crypto Market. Art Blocks NFTs Soar as Savvy Collectors Snap Up Edgy Pieces Featured Story: The First Step to Making Sense of the Token Economy | Brady Dale - Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io. - Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.