The Block
Quick Take A new staff advisory from the CFTC represents another step towards options trading going live on U.S.-based spot Bitcoin ETFs, according to analysts.
Quick Take Harris said Wednesday that under her leadership, the United States will “recommit” to global leadership in the sectors that “define the next century,” specifically mentioning the word blockchain. Unlike Donald Trump, the Democratic presidential nominee has been mum about cryptocurrency on the campaign trail.
Quick Take Blockchain sleuth ZachXBT said Truflation was hacked for about $5 million from “treasury multisig and personal wallets.” Truflation said both it detected “abnormal activity” and that it had suffered a malware attack.
Quick Take PayPal announced it plans to allow U.S. business customers to buy, sell, hold and transfer crypto.
Quick Take Builders in the TON ecosystem share how Telegram’s massive global user base is being introduced to web3.
Macquarie initiated “outperform” ratings on the stocks of MARA, Riot Platforms, Core Scientific, CleanSpark and Cipher Mining.The concentration of commodity resources such as power infrastructure, computing and bandwidth “represent tangible value beyond forecast appreciation in bitcoin,” they said.
Quick Take By rewarding active users, LayerZero is encouraging ongoing interaction with its protocol. The following is an excerpt from The Block’s Data and Insights newsletter.
Binance has launched a pre-market spot trading service that uses “actual tokens.”Former Alameda CEO Caroline Ellison was sentenced to two years in prison for her role in the collapse of FTX.Hamster Kombat teased token buybacks, NFTs and the launch of a web app ahead of its highly-anticipated airdrop.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Andreessen Horowitz’s first DeSci investment is AminoChain, which has raised $7 million is pre-seed and seed financing. AminoChain is building a “decentralized biobank” and Layer 2 network, which will connect enterprise medical institutions looking to share medical data.
Friday’s end-of-month bitcoin options expiry could significantly impact market volatility, according to Deribit CEO Luuk Strijers.Major cryptocurrencies, such as bitcoin and ether, have traded flat over the past 24 hours.
