The Block
Donald Trump endorses the crypto project ‘The DeFiant Ones’ spearheaded by two of his sons.Former congressional candidate with FTX ties Michelle Bond charged with unlawful campaign contributions.Grayscale unveils investment trust for Avalanche’s AVAX tokenThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons
Asset manager Franklin Templeton is bringing its OnChain U.S. Government Money Fund (FOBXX) to Avalanche, its fourth network launch to date.FOBXX is represented by the BENJI token, which currently trades on Stellar and Ethereum Layer 2s Polygon and Arbitrum.
Grayscale Investments has launched a new investment trust focused on the AVAX token.The Grayscale Avalanche Trust aims to provide accredited investors with exposure to the cryptocurrency.
Bitcoin has rebounded above $61,000 following Wednesday’s release of dovish FOMC meeting minutes for July.The bitcoin perpetual futures funding rate has flipped positive, indicating a more optimistic investor outlook.
SunPump, launched just last week, overtook its major Solana-based rival, PumpFun, in 24-hour revenue on Wednesday.SunPump’s revenue amounted to around $548,000 yesterday, while PumpFun generated about $367,000, data shows.
U.S. spot bitcoin ETFs saw its fifth day of net inflows, while ether funds saw their fifth daily net outflows.
Quick Take A criminal investigation is looking into whether Tether is being used by third parties for illicit activities such as terrorism and hacking, WSJ reports. The Treasury Department, meanwhile, has been weighing sanctioning Tether because of the stablecoin’s use by U.S.-sanctioned people and groups, according to WSJ.
Quick Take The crypto data tracking platform Arkham added Solana blockchain data to its platform. Users can trace large fund movements from certain wallets, obtain real-time trade alerts and gain other information regarding the fifth-largest blockchain by market capitalization.
Quick Take Lido DAO voted to incorporate the community staking module, a step towards creating a fully permissionless staking protocol.
Quick Take During a hearing at the U.S. District Court in the District of Columbia on Friday, assistant U.S. attorney Kevin Rosenberg said they planned to “extend a plea,” according to a Bloomberg report. Eric Council Jr. was arrested and charged last week with “conspiracy to commit aggravated identity theft and access device fraud.”
