The Block
Quick Take Glif, the largest DeFi protocol on Filecoin, is introducing its native token. A total of 100 million GLIF tokens will be airdropped to users.
Quick Take dYdX Trading has laid off 35% of its staff, according to a company blog. CEO Antonio Juliano recently rejoined the firm after a six-month sabbatical.
Quick Take U.S. President Joe Biden thanked Nigeria’s President Bola Tinubu during a phone call, according to a statement released by The White House on Tuesday. Biden also acknowledged the country’s work on the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies, which launched on Oct. 23.
Quick Take For stablecoin operators, falling interest rates mean less revenue from the cash reserves backing their tokens. This column is adapted from The Scoop newsletter.
Quick Take As of the week ending Oct. 27, weekly sales have reached 43,600 NFTs. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Bitcoin DeFi protocol Threshold is proposing to merge its version of wrapped bitcoin with WBTC. The move comes after WBTC custodian BitGo announced Justin Sun’s BiT Global would become a multi-sig key holder, raising concerns among some industry participants.
Quick Take Started by former Coinbase and Square employees, Bridge is building a stablecoin-powered money movement platform. Bridge’s backers include Sequoia, Ribbit, Index and Haun Ventures.
Quick Take Orderly Network said its official Discord channel has been compromised in a warning to users to not click any links. The news comes a few days after the protocol launched its native ORDER token and staking program. An estimated $1.2 billion has been lost to crypto hacks and scams in 2024 alone, according to Immunefi.
Quick Take In an interview with TIME, President of El Salvador Nayib Bukele said the monetary experiment to make bitcoin legal tender has had mixed results. The cryptocurrency has seen limited domestic adoption, though remains a “net positive” for the country.
Layer 1 blockchain Kaia from Kakao and LINE launches its mainnet and invites Telegram-style apps.IREN posts a record $184.1 million in annual bitcoin mining revenue as its hashrate capacity nearly doubles.Edge Matrix Chain raises $20 million in a funding round led by Polygon Ventures and Amber Group.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
