Crypto Update 7/27/21| Are Crypto Developers Running Out of Ideas?

With the crypto markets stabilizing after a recent short squeeze and a look at how crypto developers are spending more time optimizing than innovating, CoinDesk’s Markets Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Kava and Nexo.io. Today's Stories: Stock Futures Slip With Tech Earnings on Tap Stocks Fall With U.S. Futures on China Selloff Google Primed to Benefit From Surge in Online Advertising Tesla overcomes supply chain woes to boost profit margins Coffee prices surge as unusual cold threatens Brazilian production Big Pharma Quietly Pushes Back on Global Tax Deal, Citing Covid-19 Role Justin Sun Hints at Retirement, Joins Research Project at Communist Party School SWIFT Go Launches Low-Cost Network With 7 Major Banks USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report CoinDesk Amazon: No, We Have No Plans to Accept Bitcoin Payments Goldman Sachs Applies for a DeFi ETF Shopify to Allow Merchants to Sell NFTs Directly Through Their Stores Bug Found in Decoy Algorithm for Privacy Coin Monero Argentinian Crypto Exchange Lemon Raises $16M to Expand in Latin America Russia's Hermitage to Sell Digital Copies of Art Gems as NFTs The Cause: ‘They’re not just joining a climbing gym – they are joining a revolution’ Featured Story: Crypto's Builders Are Upgrading, Not Breaking Ground | 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.