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

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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.