The Block
Quick Take Sen. Warren alleged that foreign-owned crypto mines in the U.S. could be used by adversaries to spy on military bases, bring down the power grid or secretly move money in and out of the country. Warren called for stronger anti-money laundering protections to prevent crypto mines from undermining U.S. national security.
Quick Take Vice President Kamala Harris’ team wants to learn more about crypto, a source who spoke with a member of her campaign said, adding that the team didn’t know a lot about the industry. Crypto industry leaders say a Harris presidency could show a break from the current Biden administration.
Bitcoin gained, alongside equities, amid Friday’s cooler PCE inflation reading.The reading confirmed that inflation continues to edge closer to the U.S. Federal Reserve’s 2% annual target.
Quick Take Mezo has raised $7.5 million in a strategic funding round led by Ledger Cathay Fund. Ledger plans to integrate Mezo, the Bitcoin scaling network, into its suite of products.
Quick Take Crypto security firm Ledger unveiled its latest in a line of hardware devices, called Ledger Flex, using its trademarked E Ink technology. Founded in 2014, Ledger has sold over six million hardware wallets. The company is undergoing something of a revamp after stirring controversy last year with a key recovery service.
Quick Take Grayscale’s converted ETHE spot Ethereum ETF has experienced substantial net outflows in the first few days of trading — totaling $1.2 billion. ETHE’s outflows have overwhelmed net inflows into the other spot Ethereum ETFs, but its assets under management could be depleted in a matter of weeks at this rate. Until ETHE’s net outflows subside, it is likely to continue exerting selling pressure on the price of ether, analysts said.
Trump will deliver a keynote speech on Saturday at a Bitcoin Conference in Nashville — marking the first time a U.S. presidential candidate has appeared at such an event.Bitcoin short liquidations have spiked above $34 million in the past 24 hours after the digital asset’s price rallied over 5% in the same period.
Quick Take Sen. Roger Marshall has withdrawn from a proposed crypto anti-money laundering bill he originally introduced with Sen. Elizabeth Warren. Marshall withdrew his support amid “tremendous” pressure from the crypto industry and Donald Trump’s newfound pro-crypto stance.
A video posted by Bitwise’s executive shows that a banner advertising the spot ether ETF was raised over the New York Stock Exchange building.Bitwise’s ETHW started trading on Tuesday with $204.2 million in net inflows, and it recorded $16.34 million in net inflows on Thursday.
Quick Take The Arbitrum community is voting on extending its Orbit chains on networks outside the Ethereum ecosystem. The proposal’s temperature check on Snapshot ends on August 1, 2024.
