The Block
Quick Take Mempool has launched an off-chain accelerator service for bitcoin transactions via five initial mining pool partners. The service can help expedite unconfirmed transactions in a dynamic fee environment.
Bitcoin jumped 3.3% to change hands at around $69,800 at the time of writing.Former U.S. President Donald Trump further voiced his support for crypto in a Saturday speech at the Bitcoin 2024 conference in Nashville.
Quick Take Johnny Ng, a member of the Hong Kong Legislative Council, said he will start conversations with “different stakeholders” to explore possibilities for including bitcoin in the region’s financial reserves. Former U.S. President Donald Trump has promised to create a “strategic bitcoin reserve” if elected in November.
Quick Take HBO documentary “Money Electric” suggests that Peter Todd is Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Todd quickly denied he is Nakamoto with a post on X.
Quick Take Crypto gaming developer Gunzilla Games launched an early-access version of Off the Grid on PlayStation 5 and the Epic Game Store. Off the Grid is a free-to-play battle royale video game which plans to feature the ability for players to trade in-game assets, which double as NFTs.
Quick Take A recent proposal passed by Compound Finance’s DAO has sparked claims of a governance attack after a small group led by whale Humpy amassed enough tokens on the open market to help narrowly pass their proposal over the objections of many community members. The proposal allocates 499,000 COMP tokens, currently worth about $24 million, to a yield-bearing protocol controlled by ‘the Golden Boys,’ the group led by Humpy which pushed the proposal through and has allegedly undertaken similar DAO-hijac
The VP of Engineering for Ava Labs, which oversees the Avalanche blockchain development, is leaving to start a new venture after 3.5 years at the company.Patrick O’Grady will remain as a technical advisor for Ava Labs and has shared few details about the new venture.
Canary Capital’s move comes after Bitwise filed its S-1 registration statement last week.Canary Capital founder Steven McClurg said the firm is seeing “encouraging signs of a more progressive regulatory environment coupled with growing demand.”
Quick Take This is an excerpt from the seventh edition of The Funding newsletter sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram and Perridon Ventures provided additional support. Semantic Layer aims to bolster transaction execution infrastructure to give dApps more control over multichain transaction ordering and bundling.
