The Block

Quick Take The bitcoin mining firm intends to offer convertible notes to fund its $200 million share repurchase program. The firm has yet to disclose the rates for the notes that are set to mature in February 2030.

EU-based crypto marketplace STOKR plans to use a major part of its recent $7.98 million fundraising to establish its bitcoin treasury.STOKR aims to follow MicroStrategy’s strategy by expanding its bitcoin treasury over the coming years.

Quick Take The team at Base said it would implement permissionless fault proofs on Oct. 30 to decentralize the network and eliminate control by a single entity.

Quick Take Denmark’s tax authority has recommended “mark-to-market taxation” for crypto asset investors as part of its latest bill recommendations. The Minister of Taxation plans to introduce a bill at the beginning of 2025.

Quick Take MicroStrategy founder Michael Saylor said in a Wednesday X post that he supports the right to self-custody for all. Saylor’s earlier comments endorsing regulated custody faced criticism from the crypto community, including Ethereum co-founder Vitalik Buterin.

Quick Take Over 40% of the total ZKL token supply will instead begin entering the market six months from now.

Quick Take As elections draw closer on Nov. 5, both presidential candidates have made statements about crypto, though taking very different approaches. Ripple CEO Brad Garlinghouse said he thinks there could be a reset for the crypto industry no matter which candidate wins on Wednesday during DC Fintech Week.

Quick Take Bitkraft Ventures has led a $9 million seed round in the web3 mobile gaming platform Party Icons. The capital will be used to fuel the development of Party Icons’ gaming and social experiences while bolstering its web3 infrastructure.

Quick Take Nigeria has dropped money laundering charges against Binance’s Head of Financial Compliance and former Special Agent for the U.S. IRS, Tigran Gambaryan, who has been detained in the country since February. Ethereum co-founder Vitalik Buterin hit back at MicroStrategy founder Michael Saylor’s controversial comments on regulated bitcoin custody concerns being mostly from “paranoid crypto-anarchists.” Analysts at research and brokerage firm Bernstein said their current $200,000 bitcoin price predic

Quick Take Musk has frequently talked about creating a “Department of Government Efficiency,” or D.O.G.E, to cut back on what he deems wasteful spending and complicated regulations. The world’s richest person’s pronounced visibility and outspokenness could potentially impact crypto markets in the coming weeks.