The Block
Quick Take Uniswap Labs is building a custom Layer 2 called Unichain, which will become part of the Optimism Superchain. It is the first Layer 2 to integrate Flashbot’s novel Rollup Boost solution, which will eventually pave the way to sub-second block times.
Quick Take World Liberty Financial is looking to raise $300 million at a $1.5 billion valuation in an initial sale of tokens next week, according to a roadmap obtained by The Block. The governance token will be non-transferable for 12 months but can be used for voting.
An analyst highlighted an increase in bullish bets via long out-of-the-money call options for bitcoin that are focused on post-U.S. election expiries.Another analyst noted an estimated 8% premium on bitcoin options dated after the U.S. election due to anticipated risk around the event and a correlation with Trump’s election odds.
Quick Take Fireblocks CEO Michael Shaulov explains how his firm has expanded its services to facilitate the growing institutional demand for stablecoins and real-world assets.
Quick Take Stripe has re-enabled crypto payments for U.S. businesses, allowing them to accept USDC via Ethereum, Solana and Polygon. It marks the first time in six years that Stripe’s U.S. business customers can accept crypto payments since it ended support for bitcoin in 2018.
Quick Take Puffer Finance has introduced its governance token and details for an upcoming airdrop. The airdrop claim process will run from Oct. 14, 2024, to Jan. 14, 2025. Puffer Finance’s total token supply is 1 billion, with an initial supply of 102.3 million.
Around 7,000 ether tokens seized from the crypto ponzi scheme PlusToken were moved to exchanges earlier this week.Over $14 billion worth of different cryptocurrencies were seized from PlusToken, which defrauded over 2.6 million in 2018 and 2019.OXT analyst ErgoBTC said the recent sale of ether likely precedes a full sale of the cryptocurrency, which is worth $1.3 billion.
A newly formed cryptocurrency committee within South Korea’s top financial regulator, the FSC, will review the current ban on spot crypto ETFs.
Quick Take Private stock of the stablecoin issuer Circle is trading on the secondary market, reports CoinDesk citing several people familiar with the matter. The trading is valued between $5 billion and $5.25 billion. In January, Circle submitted a confidential S-1 form with the Securities and Exchange Commission to take its equity services public.
Quick Take The SEC said on Tuesday it plans to change its complaint against crypto exchange Binance regarding “Third Party Crypto Asset Securities,” namely SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI, according to a court filing. Ripple CEO Brad Garlinghouse called the amended Binance complaint “hypocrisy.”
