The Block
Quick Take Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth $16 million) to 54,700 user addresses. Eligible users were those who interacted with at least 20 contracts on the Superchain between March 15 and September 15, 2024.
Quick Take The crypto industry lost a further $269.4 million in July due to hacks and fraud, according to Immunefi. July’s figures see crypto losses exceed $1.19 billion year-to-date, led by the $235 million exploit of WazirX.
Quick Take Router Protocol has launched Router Chain — a Layer 1 network focused on multi-chain dapps. The network uses a proof-of-stake consensus mechanism based on the Tendermint framework.
Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.
Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.
Quick Take Compound Finance resolved a governance conflict with the pseudonymous crypto whale Humpy. The controversy began after Proposal 289 was approved in a vote to allocate $24 million from Compound’s treasury to a yield-bearing protocol. The proposal faced criticism and accusations of manipulation, attributed to a small group buying large amounts of COMP tokens to influence the outcome. A new offer proposes a new staking product aimed at aligning with the interests of all parties — especially catering
Quick Take The U.S. Securities and Exchange Commission intends to seek an amendment to its original complaint against crypto exchange Binance. The amendment potentially impacts the need for a court ruling on whether or not tokens such as Solana are considered securities. The SEC has previously named tokens such as SOL, ADA and MATIC as securities in the lawsuit against Binance.
Quick Take World Liberty Financial has formally proposed to launch using Aave V3 on Ethereum mainnet, according to an announcement on Wednesday. Users will be able to borrow or lend ETH, WBTC, USDC and USDT.
The spot ether ETFs experienced net outflows of $98.29 million on Monday.Grayscale’s ETHE recorded $210 million in net outflows.
Quick Take Boston federal prosecutors charged Gotbit, ZM Quant, CLS Global and MyTrade as well as their leadership and employees, Reuters reported on Wednesday. The U.S. Justice Department has cracked down on crypto firms over the past year, including notably against crypto exchange Binance.
