The Block
Quick Take Gnosis Chain members are reassessing their choice of gas tokens following MakerDAO’s rebranding to Sky and the introduction of USDS. Members are exploring alternative solutions, including adopting decentralized stablecoins like RAI, LUSD, or the Gnosis token. The discussions regarding these changes are still preliminary, and no formal proposal has been put forward yet.
U.S. spot bitcoin ETFs saw $71.73 million in net outflows on Thursday.BlackRock’s IBIT logged $13.51 million in outflows, marking its first daily negative flows since May 1.
The staking rewards rate on the Ethereum network currently stands at 3%, slightly down from over 3.5% in July.Analysts noted that Ethereum’s staking yields are lower than other major Layer 1 protocols.
The Royal Government of Bhutan deposited 929 BTC ($66 million) to Binance, according to the onchain analytics platform Arkham.It’s the first time Bhutan has sent bitcoin to an exchange since it deposited $24 million worth of the cryptocurrency to Kraken in July.
A Bitcoin address that contained around 749 BTC ($53.2 million) has woken up after being dormant for almost 12 years.The Bitcoin address last sent funds on Nov. 10, 2012, when its balance was worth just $8,000.
Quick Take Rising Polymarket odds of a Republican sweep in next week’s U.S. elections could pave the way for passing a series of crypto-related bills, analysts at Presto said. However, others have questioned the reliability of prediction market platforms, given their divergence compared to traditional polling.
Quick Take DWF Labs says it has removed one of its partners following allegations of drink spiking. The company has removed Eugene Ng, a founding partner, from its team page.
Quick Take Paxos’ CEO sent a letter to presidential candidates Kamala Harris and Donald Trump on Tuesday. The CEO also criticized the current regulatory environment for crypto, calling it an “inhospitable place for financial innovation.”
Quick Take Crypto trading firm DWF Labs has dismissed one of its partners following allegations of drink spiking that surfaced on X. The Royal Government of Bhutan deposited 929 BTC, valued at $66 million, to Binance on Tuesday morning. A hacker compromised Truth Terminal founder Andy Ayrey’s X account to promote a scam token. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
