The Block
Bitcoin on-chain metrics indicate that the digital asset has hit a short-term price top ahead of the U.S. election, according to analysts.The largest digital asset by market capitalization has dropped from a local high on Monday above $69,000, to now hover above the $66,000 mark.
Quick Take Powered by Across Protocol, permissionless bridging via the Uniswap interface or wallet is now live across nine networks. Initially, bridging is possible with Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync.
Quick Take The Financial Stability Board said risks from global finance’s exploration of tokenization are low because the technology has not been adopted at scale. Despite the suggested low risk, the report warned that liquidity and maturity mismatches in tokenized assets could threaten financial stability, particularly as projects become more complex and opaque during market stress.
Quick Take Variational announced raising $10.3 million in seed funding from Bain Capital Crypto, Coinbase Ventures and others. Variational is an Arbitrum-based peer-to-peer crypto derivatives trading protocol.
The U.S. elections could trigger a “Minsky moment” crash for the bond market, analysts at Presto said, heightened by both candidates’ “fiscal extravagance” and rising debt levels.Renowned investor Paul Tudor Jones said he was bullish on bitcoin, gold and commodities amid the risk as “all roads lead to inflation.”
The Block Research has created “The Future of Tokenization: How ZKsync is Changing the Game” commissioned by Matter Labs. To receive the full report in PDF format, please fill out the form below:
Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”
Quick Take Ethereum co-founder Vitalik Buterin said verifying a blockchain should be computationally viable, even on a smartwatch. He said the main issue is that the network requires clients to store hundreds of gigabytes of data to verify blocks. Buterin suggested “stateless verification” as a potential solution for the issue.
Quick Take Amity Ventures led the round, and nine additional angel investors participated. The pre-seed fundraise brings Borderless.xyz’s total funding raised to $3.3 million. The firm plans to use the funds to bolster its geographic coverage by hiring more engineers and to add liquidity to its global stablecoin payments network.
