Top stories in the Crypto Roundup:

• Director departs Web3 Foundation to focus on building a DAO.
• Coinbase announces it is “exploring” eight new cryptocurrency listings.
• Litecoin block reward successfully halves.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $12,219.9 (+3.86%) and $233.68 (+1.93%), respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 4,004.9 (0.09%).

The DAO Set to Return as Web3 Foundation Director Departs

Web3 Foundation director Ryan Zurrer announced he will “be gradually off-boarding” from Web3 to focus on investing and, specifically, DAOs—or, decentralized autonomous organizations.

Closing off a seven-part Twitter thread Monday evening, Zurrer shared that he “will save some interesting surprises to announce along with a detailed overview of some of the new DAO concepts at the [Web 3 Summit] on August 19th.”

Included in Zurrer’s thread was a link to a publication on his GitHub profile that presents:

“a framework and set of incentivization mechanisms to drive value creation amount P2P actors in a for-profit capital pool.”

Coinbase ‘Exploring’ 8 New Cryptocurrency Listings

Cryptocurrency exchange Coinbase announced it is “exploring the addition of a range of new assets:” Algorand (ALGO), Cosmos (ATOM), Dash (DASH), Decred (DCR), Matic Network (MATIC), Harmony (ONE), Ontology (ONT), and Waves (WAVES).

Notably, two of the above cryptocurrencies—MATIC and ONE—are projects that conducted initial exchange offerings (IEOs) through Binance’s Binance Launchpad product. Binance, of course, is one of Coinbase’s largest competitors.

Also worthy of mention is the fact Coinbase’s venture capital arm—Coinbase Ventures—previously participated in Matic’s undisclosed seed round. Matic’s April 30 announcement did not specify whether the Coinbase Ventures investment comprised equity, MATIC tokens, or a combination of the two.

Litecoin Block Reward Successfully Halves

The block rewards paid out to Litecoin (LTC) miners has officially halved. Instead of receiving 25 LTC for mining a block, Litecoin miners now—until the next block reward halving occurs in August 2023 (i.e., at block height 2,520,000)—receive 12.5 LTC.

Tweeting on Monday about the block reward halving event was Litecoin creator Charlie Lee:

“Seems like miners have not shut off their hashrate at all. Instead, we are mining at a rate of a block every 1.4 minutes on average, which is much faster than the expected 2.5 minutes. Litecoin network is healthy!”

State of the Crypto by Top Tier Exchange Volume

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