The Block
Quick Take Blockchain startup Story is coming out of stealth with its bespoke Layer 1 network built for IP management. The project is backed by investors including Paris Hilton’s 11:11 Media, Samsung Ventures and Andreessen Horowitz. Story is using an EVM-compatible blockchain together with a custom “Proof-of-Creativity” consensus algorithm.
Prospective Ethereum ETF issuers are waiting on the SEC to provide an indication of whether there will be more rounds of filings, or if they will be looking for final drafts.Issuers hope the end is in sight and that there could be only one additional final filing.
Quick Take Botanix Labs founder Willem Schroé shares how a full ecosystem of DeFi applications could soon be coming to Bitcoin.
Bitcoin and the wider cryptocurrency market posted an uptick, rising alongside stocks following cooler U.S. inflation data for June.
Quick Take Celer Network has warned about a possible DNS domain hijacking attack affecting several projects. Users are advised not to access Celer.network and cbridge.celer.network. This came after a Compound Finance contributor reported signs of a separate hijacking attempt on its official website. Data from who.is shows that these websites are registered via domain registrar Squarespace.
MicroStrategy has announced a 10-for-1 stock split, effective Aug. 1.The company said the split aims to make its stock more accessible to investors and employees.
The increased front-end volatility in bitcoin options coupled with risk reversals may imply that derivatives traders are anticipating volatility and possible upward price movements in the near future, QCP Capital analysts claimed.
Quick Take Oracle solution Pyth Network has launched Express Relay, designed to connect leading trading firms to DeFi protocols. Pyth Network claims the solution eliminates maximal extractable value (MEV), saving money for protocols and DeFi users.
Quick Take Jump Trading subsidiary Tai Mo Shan claimed $264 million in damages from Alameda Research for a loan deal that never materialized. FTX lawyers argue the claim is invalid as the loan never commenced.
Quick Take Crypto miners in the Southeast Asian nation stole at least $722 million worth of electricity over approximately six years. Malaysia’s energy official said cracking down on illegal crypto mining operations is a high priority for the energy ministry.
