The Block
Quick Take Midas’ onchain mTBILL and mBASIS tokens will be the first such real-world asset trading vehicles available to non-accredited investors. The tokenization firm received regulatory approval from Liechtenstein’s Financial Market Authority to open these funds to retail traders.
Crypto.com filed a lawsuit against the SEC after receiving a Wells notice from the agency.ZK-powered Ethereum Layer 2 Scroll unveiled plans to launch and airdrop its SCR governance token.Linea proposed a decentralization roadmap including a proof-of-stake model for block validation.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Solv Protocol, the leading Bitcoin staking platform, in partnership with BNB Chain, Ceffu, and Chainlink, transforms the once-complex process of BTC staking into an easy, yield-generating opportunity with the Staking Abstraction Layer.
Quick Take Bitlayer has raised $9 million from Polychain Capital, Franklin Templeton and others. The new funding round holds the same $300 million valuation as July’s Series A.
Quick Take U.S. publicly traded bitcoin miners have finished releasing their monthly mining updates for September. The total market cap of 14 U.S.-listed bitcoin miners tracked by JPMorgan rose 4% to $21 billion during the month.
Quick Take The crypto trading platform said it decided to sue the agency after receiving a Wells notice and said the SEC’s actions left them “with no other choice.” Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency’s claim that most cryptocurrencies are securities.
Telegram-based game Notcoin and the memecoin project Dogs Community announced they will collectively burn $4 million of NOT and DOGS tokens.At current prices, it appears about 85% of the $4 million will come from burning DOGS tokens.
The SCR token, set to hit the Binance Launchpad in the coming weeks, will serve as “a primary governance mechanism” for the protocol and help decentralize its prover and sequencing systems.Scroll’s airdrop screenshot, or the last eligible date to use the protocol to receive a share of SCR tokens, will occur on Oct. 19.
Quick Take Donald Trump, in a keynote address to the Bitcoin 2024 conference in Nashville, promised to fire SEC chair Gary Gensler and stop the US from selling its bitcoin holdings, creating a “strategic bitcoin reserve,” if elected in November. Trump also promised to end “Operation Chokepoint 2.0” and another anti-crypto policies in order to support the domestic digital asset industry. Bitcoin fell in price to about $66,600 during the speech before recovering shortly after to $68,000.
Senator Lummis announced a bill that would see the U.S. government purchase 1 million bitcoins as a “strategic Bitcoin reserve” on stage at the Bitcoin 2024 conference.“We will be debt-free because of Bitcoin,” Lummis promised.
