The Block
Quick Take Kraken Institutional has expanded its custody service to clients in the UK and Australia following its U.S. launch in March. Kraken Custody lets institutions store, manage and transfer funds within a single interface.
Quick Take Lens plans to release a public testnet for its ZKsync rollout in the next one to two months, with mainnet targeted for three to four months away. Lens V3 will go live shortly after mainnet, with some privacy features — but the end goal is to provide further privacy features, with the option for users to monetize their data through AI training models.
Quick Take Chainbase has raised $15 million in a Series A round co-led by Tencent Investment Group and Matrix Partners China. The blockchain data network’s mainnet and token are expected to launch in Q4, co-founder Chris Feng told The Block.
Quick Take Enterprise-grade data platform Allium raised $16.5 million in a funding round led by Theory Ventures. The company plans to use the capital to expand, especially assisting firms looking to break into the digital asset sector. Allium raised seed funding from Kleiner Perkins and Amplify Partners, and has worked with Visa, Wormhole and Jito Labs.
Elliptic said its on-chain analysis suggests hackers affiliated with North Korea conducted today’s high-profile exploit of WazirX.About $235 million in crypto was stolen from the Indian exchange, followed by the hackers starting to launder the funds.
Quick Take Defunct crypto lender BlockFi confirmed it will commence initial crypto distributions via Coinbase this month. However, non-U.S. clients are not eligible to receive funds at this time, the firm said.
Memecoins inspired by potential replacements for Joe Biden as the Democrat’s presidential nominee have surged in the past 24 hours, after an announcement that he has caught COVID-19.In contrast, memecoins inspired by former U.S. president Donald Trump have ticked lower in the past day.
The spot bitcoin ETFs in the U.S. reported $53.35 million in net inflows on Wednesday.BlackRock’s IBIT led inflows with $110.37 million.
Quick Take WazirX suffered an exploit resulting in the unauthorized transfer of over $230 million in crypto assets. The exploit targeted the exchange’s multisig wallet, the exchange confirmed.
Quick Take Polygon’s mainnet upgrade is scheduled for Sept. 4, 2024, transitioning its native token from MATIC to POL following community approval. A testnet migration launched on July 17 aimed to identify and resolve potential issues before the mainnet upgrade. After the upgrade, POL will replace MATIC as the primary token for gas fees and staking.
