The United States GDP readout for Q2 meets the definition of a recession, despite comments from both the Fed and lawmakers.

The United States GDP readout for Q2 meets the definition of a recession, despite comments from both the Fed and lawmakers.
Bitcoin (BTC) regained more lost ground on the July 28 Wall Street open amid confusion over whether the United States had entered a new recession.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it tested $23,000 for support after a leg up on the previous day's Federal Reserve rate hike.
Momentum benefited from U.S. GDP data, which fell for a second quarter in a row, thus meeting the requirements for a recession in the economy.
The situation remained unclear, however, thanks to comments from both Fed Chair Jerome Powell and the White House, both of whom insisted that no recession had arrived or was even forecast.
"While Powell stated that the U.S. is not in a recession, numbers from GDP gave two consecutive quarters of negative growth, meaning that the United States is in a recession!" Cointelegraph contributor Michaël van de Poppe summarized about the curious status quo on the day.

The United States GDP readout for Q2 meets the definition of a recession, despite comments from both the Fed and lawmakers.
The United States GDP readout for Q2 meets the definition of a recession, despite comments from both the Fed and lawmakers.
Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley.
Tokenomics in crypto is a related but different field. Tokens are a way for projects to raise funds and build communities, and designing the way they work can be much more complex than traditional equity raises — and potentially much more problematic.
“In tokenomics, the token or digital asset is the scarce resource. But we can now design features for these programmable digital assets, influencing how people behave and interact with each other, often creating new possibilities for exchange altogether,” McKinley says. He explains the distribution of tokens and the outcomes of that distribution are key matters for investors and for how the business ends up operating.
Roderick McKinleyMcKinley has worked on a range of different projects, including ParallelChain, GBC AI, Avarta, Fluid, ShopX, Terona and Kasta. But what is it that a tokenomics expert provides to projects?
“I typically deliver a range of services to projects. These include a design of the token’s supply alongside other economic features that make the token useful, so it attracts demand, helping clients to understand how to use the technology in ways that fit their business and, finally, how to make a compelling fundraising case,” he says.

Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley.
Tokenomics in crypto is a related but different field. Tokens are a way for projects to raise funds and build communities, and designing the way they work can be much more complex than traditional equity raises — and potentially much more problematic.
“In tokenomics, the token or digital asset is the scarce resource. But we can now design features for these programmable digital assets, influencing how people behave and interact with each other, often creating new possibilities for exchange altogether,” McKinley says. He explains the distribution of tokens and the outcomes of that distribution are key matters for investors and for how the business ends up operating.
Roderick McKinleyMcKinley has worked on a range of different projects, including ParallelChain, GBC AI, Avarta, Fluid, ShopX, Terona and Kasta. But what is it that a tokenomics expert provides to projects?
“I typically deliver a range of services to projects. These include a design of the token’s supply alongside other economic features that make the token useful, so it attracts demand, helping clients to understand how to use the technology in ways that fit their business and, finally, how to make a compelling fundraising case,” he says.

Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley.
Tokenomics in crypto is a related but different field. Tokens are a way for projects to raise funds and build communities, and designing the way they work can be much more complex than traditional equity raises — and potentially much more problematic.
“In tokenomics, the token or digital asset is the scarce resource. But we can now design features for these programmable digital assets, influencing how people behave and interact with each other, often creating new possibilities for exchange altogether,” McKinley says. He explains the distribution of tokens and the outcomes of that distribution are key matters for investors and for how the business ends up operating.
Roderick McKinleyMcKinley has worked on a range of different projects, including ParallelChain, GBC AI, Avarta, Fluid, ShopX, Terona and Kasta. But what is it that a tokenomics expert provides to projects?
“I typically deliver a range of services to projects. These include a design of the token’s supply alongside other economic features that make the token useful, so it attracts demand, helping clients to understand how to use the technology in ways that fit their business and, finally, how to make a compelling fundraising case,” he says.

Metaverse infrastructure company Condense closes $4.5M seed round with plans to live stream real-world events into the metaverse.
Decentralized storage providers are proving to be the backbone of Web3, but what does this mean for centralized web service providers?
Setting up your development environment is the first step in starting with Substrate. After this, developers can create a small network of validators by updating the runtime code for a node and then gradually scale it up.
In an interview with Cointelegraph, MP Isola detailed Gibraltar’s crypto regulatory landscape and his interest in Bitcoin.
In an interview with Cointelegraph, MP Isola detailed Gibraltar’s crypto regulatory landscape and his interest in Bitcoin.
Binance collaborated with Società Sportiva Lazio to launch NFT tickets for all of the sports club’s home matches at Stadio Olimpico.
Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months.
LDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization.
Notably, LDO serves as a governance token inside the Lido DAO ecosystem, a project that offers staking services for Ethereum.
The staking practice allows users to earn passive income without needing to sell their coins. It also helps validate transactions and secure the blockchain. In return, the protocol offers stakers rewards in the form of new tokens minted and fees collected.
Lido DAO working mechanism. Source: Official WebsiteEthereum could become a full-fledged proof-of-stake blockchain by Sep. 19, the tentative date for "the Merge." A successful transition to proof-of-stake could mean more demand for Lido DAO services in the future.

Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months.
LDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization.
Notably, LDO serves as a governance token inside the Lido DAO ecosystem, a project that offers staking services for Ethereum.
The staking practice allows users to earn passive income without needing to sell their coins. It also helps validate transactions and secure the blockchain. In return, the protocol offers stakers rewards in the form of new tokens minted and fees collected.
Lido DAO working mechanism. Source: Official WebsiteEthereum could become a full-fledged proof-of-stake blockchain by Sept. 19, the tentative date for the Merge. A successful transition to proof-of-stake could mean more demand for Lido DAO services in the future.

While CoinMarketCap was acquired by Binance during post-2017 crypto winter, the current bear market is not the right time to sell CoinGecko, its COO said.
