Crypto Update 8/5/21 | BTC Lobbyists are Cautiously Optimistic for Infrastructure Package

With Ethereum’s latest upgrade going live plus a look at the impact of crypto lobbyists in Washington, 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 Oversold Bounce Fades; Support at $34K-$36K Bitcoin Again Falters at $40K as Ether Retreats From Two-Month High European stocks drift as China imposes travel restrictions Futures Drift Higher Before Jobs Data; Dollar Dips Stock Futures Tick Up Ahead of Trade Data Invesco Filed With the SEC for a proposed Bitcoin Strategy ETF Grayscale Hires David LaValle to Be ETF Head JPMorgan Launches In-House Bitcoin Fund for Wealthy Clients Port Explosion in Beirut is Fuels Lebanon’s Collapse: ‘May God Save the Country’ Uruguay Senator Proposes Bill to Allow Crypto Payments Coinbase Agrees to Buy Zabo, the 'Plaid of Crypto,' for Undisclosed Sum Why Web 3.0 Tokens Might Be the Next Hot Trade in Cryptocurrencies Binance Pay Bringing Crypto Payments to Shopify, Others British Fashion Brand Burberry Releases First NFTs Oscar Mayer is Auctioning Off a Single Pack of 'Hot Doge Wieners' Worth 10,000 Dogecoins Featured Story: 'Cautiously Optimistic': Crypto Brings Lobbying Muscle to Infrastructure Debate - 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.