Nexo

Markets were slowly settling. Then a hardware wallet flaw tested crypto's oldest assumption: offline means safe.

Dispatch #308 breaks it down, plus:
▪️ ETH turns 11
▪️ Macro signals ahead
▪️ SpaceX, AMD earnings

Read the full issue: https://bit.ly/Dispatch308

Proof of Stake vs Proof of Work: What's the difference?

Bitcoin uses proof of work. Ethereum switched to proof of stake in 2022. What actually differs between them?

We are breaking down how each consensus mechanism works and what it means for your crypto in our blog post.

Proof of work has miners compete to solve a computational puzzle, burning real electricity and hardware to earn the right to add the next block. Proof of stake replaces that with validators locking up crypto as collateral, with cheating punished by losing part of that stake. Ethereum's switch to proof of stake cut its energy consumption by approximately 99.95%.

Neither is universally better. Proof of work has a 15-year track record and has never been successfully attacked at Bitcoin's scale. Proof of stake is more efficient and lets ordinary holders earn rewards simply by participating, without specialized hardware.

If you hold ETH, you don't need to run a validator to benefit. On Nexo, you can earn up to 5.5% on ETH through Flexible Savings with no lockup, or up to 6.5% with Fixed-term Savings, alongside BTC, USDC, USDT, and more.

Full breakdown in the blog:

Proof of Stake vs Proof of Work: What's the difference? Bitcoin uses proof of work. Ethereum uses proof of stake. Here's what each consensus mechanism means, how they compare, and what it means for your crypto.

The U.S. dominates this week's calendar, with Friday's employment report as the release that sets the tone.

Manufacturing and services data open the week, but everything builds toward one question: does the labor market still justify the Fed's patience. Add two closely watched earnings debuts, and risk markets have plenty to digest.

Here's what's ahead:

🇺🇸 S&P Global Manufacturing PMI (Jul) – Mon, Aug 3, 13:45 UTC
🇺🇸 ISM Manufacturing PMI (Jul) – Mon, Aug 3, 14:00 UTC
🇺🇸 Palantir Earnings – Mon, Aug 3, After Hours
🇺🇸 JOLTS Job Openings (Jun) – Tue, Aug 4, 14:00 UTC
🇺🇸 SpaceX Earnings (debut as public company) – Tue, Aug 4, 20:30 UTC
🇺🇸 ADP Nonfarm Employment Change (Jul) – Wed, Aug 5, 12:15 UTC
🇺🇸 S&P Global Services PMI (Jul) – Wed, Aug 5, 13:45 UTC
🇺🇸 ISM Non-Manufacturing PMI (Jul) – Wed, Aug 5, 14:00 UTC
🇺🇸 Fed Governor Cook Speaks – Wed, Aug 5, 20:05 UTC
🇺🇸 Initial & Continuing Jobless Claims – Thu, Aug 6, 12:30 UTC
🇺🇸 Nonfarm Payrolls, Unemployment Rate & Average Hourly Earnings (Jul) – Fri, Aug 7, 12:30 UTC
🇺🇸 FOMC Member Barkin Speaks – Fri, Aug 7, 14:00 UTC

Touching grass: Nexo style.

Your Nexo Card just got easier to use. Add it to Apple Wallet directly from the Nexo app, then pay in stores, online, and in apps with Face ID or Touch ID. No manual card entry, no exposed card numbers to merchants.

For more details:

crypto-card/apple-pay • Nexo Apple Pay is an easy, secure, and private way to pay with your Nexo Card—in-store, online, and even in your favorite apps. Available on your Apple devices.

Bitcoin vs. gold: Do you need one, the other, or both?

Gold surged roughly 65% in 2025, hitting all-time highs above $4,500 per ounce. Bitcoin reached a new all-time high of $126,000, then pulled back as macro conditions tightened. Same goal, very different year.

Gold's strength came from geopolitical tension, rising government debt, and central bank accumulation. Bitcoin's case is structural: supply fixed at 21 million coins, with a transparent halving schedule no government can alter. Over 10 years, Bitcoin is up more than 22,000% versus gold's 335%, with meaningfully more volatility along the way.

Gold is the low-volatility anchor. Bitcoin is the long-horizon, higher-conviction bet. On Nexo, neither has to sit idle. You can earn interest on Bitcoin, PAXG, and XAUT, borrow against your holdings without selling, and exchange between them directly on the platform.

Full breakdown in the blog:

Bitcoin vs. gold: Do you need one, the other, or both? Discover how gold and Bitcoin compare as store of value — and what role each can play in your portfolio.

Bitcoin has looked this stretched against the Nasdaq only 3 times in 16 years. Every time, it outperformed for years after.

Wednesday's Fed decision may tip it.

More in Dispatch #307:

▪️Holders keep buying
▪️ETH eyes a bottom
▪️Big Tech earnings test

The Fed effect: Bitcoin’s next move Bitcoin holders persist, ETH looks for a bottom, More Big tech earnings