The Block
Quick Take Judge Amy Berman Jackson ordered Binance in the U.S. to invest customers’ assets in U.S. Treasury bills, which are considered safe investments because the U.S. Treasury Department backs them. Binance also has to transfer crypto to a third-party custodian that is not affiliated with the exchange, according to the order.
Quick Take Web3 cloud firm Nirvana Labs raised $4 million in seed funding, bringing the firm’s total funding raised in the past six months to $5.7 million. Nirvana Labs develops Nirvana Cloud, a cloud infrastructure designed for web3 purposes.
Quick Take Telegram unveiled plans to bolster blockchain-related initiatives, including introducing a “mini app store and an in-app browser with support for web3 pages.” The messaging app has become a popular portal for simple tap-to-earn crypto games like Notcoin, Yescoin and Hamster Kombat.
According to Coinbase analysts, bitcoin’s recent upward momentum could be constrained by sellers capitalizing on the digital asset’s recent price appreciation.Bitcoin’s price has increased by 3% over the past 24 hours and is now trading at $65,776, according to The Block’s Price Page.
Quick Take Galaxy Digital has reportedly acquired “substantially all” of blockchain node operator CryptoManufaktur’s assets. The deal is designed to expand the firm’s role in Ethereum staking and blockchain infrastructure more broadly.
Option traders are anticipating a potential increase in the price of Bitcoin amid the upcoming U.S. elections, QCP Capital analysts said.Bitcoin options open interest shows a concentration of calls with a strike price of $67,000 expiring at the end of July and $100,000 expiring at the end of December 2024.
Quick Take A faulty update from cybersecurity firm Crowdstrike has effected countless businesses around the world. Systems were faced with the “Blue Screen of Death” and unable to reboot.
The launch of Ethereum spot exchange-traded funds is anticipated for next week.Darius Tabai, CEO of Vertex Protocol, predicts these ETFs may lead to a potential positive effect on altcoins.
Quick Take The Hong Kong Monetary Authority has announced the participants of the first batch of its stablecoin sandbox. The region’s financial regulators released the results of a legislative proposal consultation for stablecoin issuers on Wednesday.
Quick Take The WazirX hacker converted most of the stolen crypto into ether, according to Lookonchain. Blockchain analytics firm Elliptic suggested that North Korea-affiliated hackers were behind the attack.
