The Block
Quick Take BlackRock is looking to participate in decentralized stablecoin issuer MakerDAO’s “Grand Prix,” a competition aimed at bringing in $1 billion of tokenized assets onto the platform. Applications are open until August 12.
ZAP announced that it has raised $15.1 million in total funding.The Blast-based token distribution protocol has reached a token valuation of $100 million, ZAP’s pseudonymous founder and CEO Francis told The Block.
As two people with a combined 14 years in crypto, it’s pretty unbelievable that crypto has become such a hot topic in political discourse.This column is adapted from The Scoop newsletter.
Quick Take The SEC has dropped its investigation into Hiro’s Stacks Blockchain, according to a regulatory filing posted on Friday. The SEC also dropped a separate investigation against Paxos following a probe into stablecoin Binance USD.
Bitfarms has set Oct. 29 as the date for a special meeting of its shareholders in response to a requisition for a shareholders’ meeting submitted by Riot Platforms.Bitfarms’ shareholders will vote on reconstituting Bitfarms’ board of directors, the latest step in Riot’s attempted takeover of its bitcoin mining rival.
Quick Take Two U.S. congressmen, Rich McCormick and French Hill, have submitted a resolution to the House Committee on Foreign Affairs, urging the U.S. government to declare the detention of Binance executive Tigran Gambaryan in Nigeria as a hostage situation. The resolution calls for the Nigerian government to immediately release Gambaryan, a U.S. citizen, citing his deteriorating health in Kuje Prison.
Quick Take Talos co-founder and CEO Anton Katz says many large institutions are making crypto plans, but a lack of asset diversity is keeping others sidelined.
Quick Take Some firms have proposed business practices that the SEC agrees could exempt them from controversial crypto accounting guidance, according to an SEC source. Firms have consulted with the SEC on crypto policies since SAB 121 was released. The SEC allows exemptions with proven procedures and technology for customer crypto recovery in bankruptcies.
Quick Take Pixelverse recently raised $2 million from venture capital firms and private investors, bringing its total raised to$7.5 million. The gaming ecosystem is planning a token generation event (TGE) for this summer.
Quick Take SEC has dropped its investigation into BUSD stablecoin following a probe into Paxos. Donald Trump will speak at the Bitcoin 2024 conference in Nashville later this month. The German government continues bitcoin transfers and now holds fewer than 5,000 BTC. The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
