The Block
Quick Take Cumberland DRW LLC was charged on Thursday for conducting itself as an “unregistered dealer.” The charges are the latest move by the U.S. SEC cracking down on the crypto industry.
Quick Take Zero-knowledge rollup Scroll has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP). Chainlink’s CCIP offers developers the tools to build secure applications that enable token transfers, messaging and action initiation across multiple blockchains.
Quick Take Schwab Asset Management has released its annual ETF study, which shows investors have their eyes set on crypto over the next year. Millennials report higher levels of interest in a host of ETF types and asset classes, with cryptocurrency near the top of the list.
Blockchain sleuth ZachXBT claims to have uncovered 11 wallets tied to memecoin investor Murad Mahmudov, posting the addresses on social media.ZachXBT argues such transparency is needed to ensure holders of a significant proportion of a memecoin’s supply don’t end up “dumping” on their followers.The move has sparked significant debate in the crypto community on whether such “doxxing” activity is warranted in this case or is just par for the course on public blockchain ledgers.
Quick Take Justin Sun was elected to lead Liberland, according to a statement released by the sovereign state on Tuesday Liberland was established in 2015 and was the “first country to adopt bitcoin (BTC) as its official currency.”
Quick Take Months after acquiring a Roblox stock simulator, web3 gaming firm PiP World has secured $10 million in seed funding from Exinity, a UAE-based fintech. PiP World plans to launch a blockchain-based mobile video game called “PiP Trader” later this year.
Quick Take Juliano stepped away as dYdX Trading CEO on May 13 due to personal and professional reasons.
Quick Take Ripple has introduced a range of new features for Ripple Custody, designed to assist banks and fintech firms in adopting crypto-backed services. These updates include functionality for tokenizing Real World Assets (RWA), pre-configured operational and policy settings, integration with Ripple’s XRP Ledger blockchain, and an upgraded user interface.
Quick Take Yala has raised $8 million in seed funding from Polychain Capital, Ethereal Ventures and others. The startup is building a bitcoin-backed, yield-earning stablecoin called YU.
Quick Take “Champions Tactics,” Ubisoft’s new web3 title, will be available on PC from Oct. 23. The game features digital collectibles, or NFTs, that players can collect and assemble as they battle other users.
