The Block
Quick Take Tether blacklisted a wallet holding $29.6 million worth of USDT stablecoins connected to online marketplace Huione Guarantee. Last week, analytics firm Elliptic released a report alleging criminals have laundered billions via Huione. On-chain sleuth ZachXBT found that at least $35 million connected to the recent DMM Bitcoin exchange hack has been sent to Huione.
Larry Fink said bitcoin is an instrument to invest in when you’re more frightened.BlackRock’s IBIT has become the largest spot Bitcoin exchange-traded fund by market cap.
Quick Take Fileverse is a web3 startup building a suite of on-chain collaboration and productivity products. Ddocs, released last week, offers users a privacy-preserving alternative to Google Docs or Notion.
Quick Take Selini Capital founder Jordi Alexander explains why poker players have often found success in crypto. He claims that suffering through crypto downturns strengthened his mindset for poker in return, helping him to win a WSOP bracelet in June.
Quick Take Tether announced the appoint of Philip Gradwell as Head of Economics. Gradwell previously spent six years as Chief Economist at Chainalysis.
Crypto investment products saw $1.44 billion worth of net inflows last week, bringing year-to-date figures to a record $17.8 billion, according to CoinShares.While Bitcoin products dominated the flows, Ethereum-based funds also had one of their strongest weeks, adding $72 million, likely in anticipation of a U.S. spot ETF launch.
Quick Take The Financial Services and the Treasury Bureau said today that it will soon publish the consultation results for its upcoming legislative proposal on stablecoin issuers. Hong Kong launched a stablecoin sandbox in March to pave the way for future regulations.
Quick Take The price of bitcoin rose 4.41% to $63,008 on Monday. Trump’s survival of an attempted assassination increased the pro-crypto candidate’s chances of winning the election, one expert commented.
Quick Take A “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor” as odds surge for pro-bitcoin political change, according to Bernstein analysts. The analysts expect bitcoin mining stocks to open positively on Monday after weeks of sideways price action.
Quick Take The Open Platform (TOP) has invested in Akedo Games to develop Telegram games in the TON blockchain ecosystem. Akedo’s first Telegram game, Akedog, launches on July 18, enabling players to click to get their Telegram NFT Pets Akedog.
