The Block
Bitlayer Labs has raised $11 million in a Series A funding round co-led by Franklin Templeton Digital Assets and ABCDE.The round brought the Bitcoin Layer 2 developer’s valuation to $300 million.
Prices for out-of-the-money bitcoin options are increasing ahead of former U.S. president Donald Trump’s appearance at Bitcoin 2024.A positive statement from Trump about bitcoin at the conference in Nashville could trigger a price surge for the digital asset, an analyst claimed.
Quick Take Defunct crypto lender BlockFi announced the sale of its FTX claims at a “substantial premium to their face value.” The transaction will enable a final distribution of 100% of eligible customer and general unsecured creditor claims, the firm said.
Bitwise, one of eight fund managers set to launch a spot Ethereum ETF on Tuesday, is donating 10% of its fund profits to Ethereum developers.The move follows a similar initiative offered to Bitcoin developers following the launch of Bitwise’s spot Bitcoin ETF in January.
Quick Take A new on-chain donations platform allows U.S. politicians to accept crypto donations on the Base network. Supporters can choose from over 240 cryptocurrencies to donate through the platform.
Quick Take The Avail DA mainnet has gone live, designed to optimize data availability for highly scalable and customizable rollups. The native AVAIL token launched at the same time, used to pay data availability fees and secure the network via staking.
Quick Take A wallet linked to Mt Gox transferred about 42587.49 BTC to an unidentified address on Tuesday. Mt Gox moved a small amount of bitcoin to Bitstamp yesterday.
BlackRock’s IBIT posted its highest net inflow since March 13, totaling $526.7 million.Collectively, ten U.S. spot bitcoin ETFs, excluding Bitwise’s BITB, attracted $533.57 million in net inflows.
Quick Take The crypto mining firm HIVE Digital Technologies announced plans to build a new 100 MW crypto mining facility in Paraguay. HIVE also noted it amassed 2,521 BTC as of July 21, valued at over $171 million at the current price of bitcoin.
Quick Take Registration statements become effective on Monday for firms vying for a spot Ethereum exchange-traded fund, marking the final sign-off for those products to begin trading. Spot bitcoin ETFs were approved earlier this year and have since brought in billions of dollars, though some expect spot Ethereum ETFs could have less demand.
