The Block
Tuesday night’s HBO documentary “Money Electric: The Bitcoin Mystery” suggested early Bitcoin developer Peter Todd is its creator, Satoshi Nakamoto.Global asset manager VanEck has launched a new venture capital unit, VanEck Ventures, led by two former Circle Ventures leaders, Wyatt Lonergan and Juan Lopez.The U.S. government said Bitfinex might be the sole victim of its 2016 hack involving Ilya Lichtenstein and Heather Morgan, aka “Razzlekhan,” according to a recent court filing.The following article is ad
Quick Take At a fireside chat on Wednesday with former SEC Democratic Commissioner Robert Jackson Jr. at the New York University Law Institute for Corporate Governance and Finance, asked SEC Chair Gary Gensler about the agency’s approach to digital assets. Law students also pressed Gensler about whether the SEC should be more clear in its stance on crypto.
Glassnode analysts report that current bitcoin market activity demonstrates resilience amid price volatility, with recent shallow drawdowns consistent with historical bull markets.The analysts cited the importance of the bitcoin short-term holder cohort, noting that while recent price recovery above their critical cost-basis is a positive sign, failure to maintain this level could lead to increased selling pressure.
Quick Take Solana-based PYUSD stablecoins have a supply of nearly $240 million since launching in May, while Ethereum-based PYUSD tokens have a supply of about $348 million. Ethereum-based PYUSD launched in August 2023.
Quick Take Law professor Brian Frye and “Song a Day Mann” songwriter Jonathan Mann filed a complaint against the U.S. Securities and Exchange Commission on Monday. Mann and Frye may differ from singer Taylor Swift “in many ways,” but in terms of the complaint are “in exactly the same position,” lawyers representing the two said.
Quick Take Validators voted for an emergency downtown on the Hyperliquid bridge to Arbitrum after being served bad data in an “extremely rare edge case.” The lockup lasted about four hours and user funds were not at risk, according to an incident report.
Quick Take Ryan Salame’s lawyer asked the court to push back serving his sentence date from Oct. 11 to Dec. 7, according to a filing posted on Wednesday. This marks the second time Salame has asked for his prison sentence to be delayed. His lawyer said Salame needs “continuing medical treatment” after being injured by a dog over the summer.
Despite this bullish price performance, Aave’s underlying protocol metrics, such as its outstanding debts or Total Value Locked (TVL), were not significantly affected.The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The monthly trade volume of DEXs relative to CEXs is already the highest it has ever been at 14.22%. The previous record high occurred in May 2023 at 13.7%.
