The Block
Quick Take StarkWare will be integrating the Cosmos-based IBC protocol on Starknet in collaboration with Informal Systems. The integration will enable Starknet to connect with any IBC-compatible chain, which includes all chains within the Cosmos ecosystem and other compatible chains outside it.
The nine U.S. spot ether ETFs logged $152.3 million in net outflows on Thursday, compared to $133 million in outflows on Wednesday.Spot bitcoin ETFs, on the other hand, experienced $31.16 million in net inflows during the day.
Quick Take BlackRock Head of Digital Assets Robert Mitchnick said at the Bitcoin 2024 conference that the launch of spot Ethereum ETFs is unlikely to open the door to funds that track other crypto assets. ETH is not a bitcoin competitor — the assets are better seen as “compliments.” Bitcoin’s risks are fundamentally different from those of traditional assets, such as banking crises, geopolitical disorder, inflation, deficits, debt and currency debasement.
Quick Take 92,000 ETH, valued at around $287.7 million, moved for the first time in seven years. The wallet initially received 96,474 ETH valued at $130,320 on Sept. 1, 2015 12:21:51 UTC from the Ethereum Foundation.
The cumulative trading volume among spot Ethereum ETFs was about $850 million on Thursday.Ahead of Thursday’s trading session, the price of ether had dropped more than 7% overnight.
Jersey City Mayor Steven Fulop said Thursday the city’s pension fund will invest in bitcoin ETFs.In May, the State of Wisconsin Investment Board revealed it owned $163 million worth of spot bitcoin ETF shares.
US spot Ethereum ETFs saw $133 million in net outflows on second trading dayMARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTCTON blockchain gasless transactions go live following launch of new smart wallet standardThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take A new Aave proposal considers adding a fee switch to return some of the platform’s net excess revenue to its key users. The move could also lead to Aave protocol restaking, providing new revenue sources for Aave and its users.
Bitcoin fell further, alongside tech stocks, failing to rebound after Thursday’s strong U.S. GDP data and cooler PCE inflation.
Quick Take On-chain orderbook exchange Kuru has raised $2 million in a seed funding round led by Electric Capital. The funds will be used to grow the project’s team and prepare for audits ahead of a planned launch on the Monad testnet.
