The Block
Quick Take The Bitcoin white paper reached its sixteenth anniversary on Thursday. Bitcoin recently surpassed $70,000 for the first time in over seven months and could approach an all-time high above $73,000.
Quick Take Spire Labs has raised $7 million in a seed funding round to develop “Based Stack.” Based Stack aims to help developers deploy application-specific chains (appchains) as Ethereum Layer 2 networks.
Quick Take Off The Grid’s is a breakout blockchain game built in the Avalanche ecosystem. Off The Grid’s game’s core gameplay involves players fighting one another in addition to collecting in-game items in the form of NFTs. The game became the most popular free-to-download game in the Epic Games store just three days after its early access release.
Quick Take Glow Labs, an Ethereum-based solar project, announced it has raised $30 million in a funding round led by Framework Ventures and Union Square Ventures. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million which will support the expansion of solar farms in India.
Quick Take Binance Founder Changpeng Zhao made his first public appearance at Binance Blockchain Week Dubai after being released from prison. The former Binance exec discussed his time in prison, future plans and outlook on the crypto market
Quick Take Standard Chartered’s Geoff Kendrick says there is a reduced likelihood of bitcoin breaking above its all-time high above $73,700 before the U.S. election due to traders unwinding positions. Kendrick anticipates heightened bitcoin market volatility on election day and in the days afterward, driven by the possibility of delays in the final election results.
Quick Take Superstate CEO Robert Leshner discusses the regulatory and macroeconomic tailwinds that have made this an opportune time to launch tokenized products.
Quick Take Tokenization firm Superstate is upgrading its USTB fund tracking U.S. government securities by introducing “continuous pricing,” a first-of-its-kind feature that dynamically updates the fund’s net asset value. USTB holders can now experience instant interest accrual, eliminating the lag typically associated with traditional market settlement cycles.
Quick Take The $400 million figure is a “small slice of the industry,” given that it’s from a sample of Blockchain Association members, the advocacy group said. The SEC has brought a number of cases against big firms over the years, including Coinbase, Kraken and others
Quick Take U.S. Vice President Kamala Harris’ odds of winning the November election have dipped to 47%, down from a 50-50 standoff last week. The prediction market for U.S. election results has garnered over $777 million in bets on Polymarket.
