The Block
Quick Take Standard Chartered subsidiary Zodia Markets is in talks to acquire Elwood Capital, an investment firm backed by billionaire hedge fund manager Alan Howard. The deal, expected to close this month, will grant Zodia licenses in the island nation of Jersey.
Quick Take The number of new addresses on the Bitcoin network has reached a two-month high, with the 7-day moving average recording over 317,000 new addresses. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Unique depositors into Ethereum Layer 2 rollup solutions, specifically optimistic and zero-knowledge (ZK) rollups, have reached a yearly low. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Nishad Singh will be sentenced on October 30 in a New York courtroom, while Wang will face sentencing on November 20 Both could face decades in prison, but cooperators will “likely receive a heavy reduction in their sentence,” said Braden Perry, partner at Kennyhertz Perry and a former federal enforcement attorney.
Quick Take BOB (Build on Bitcoin) raised $1.6 million in funding to develop its hybrid Layer 2 protocol. The strategic funding round was led by Ledger Ventures.
Quick Take Arkham Intelligence CEO Miguel Morel predicts that the platform will start offering paid services later this year but its core functionality will remain free. The platform will support the TON blockchain in the next few weeks and the Solana blockchain in the next few months.
Ethereum rebounded 3% in the past 24 hours, leading a general uptick of the cryptocurrency market’s top 10 tokens.At Tuesday’s Fed Congressional testimony, Jerome Powell stated the U.S. is “no longer an overheated economy” and the job market has “cooled considerably” from its pandemic-era extremes.
Quick Take Crypto payment startup Kulipa is launching its first debit card with Mastercard and Argent. The card will leverage zk-technology to ensure low-cost and scalable transactions. Mastercard has been moving further into crypto, including partnerships with Ledger and MetaMask.
Quick Take Idle raised $2.4 million in strategic funding led by RockawayX. Idle is a DAO providing yield automation and hedging tools for the decentralized finance market.
Brazilian football legend Ronaldinho appeared to promote the WATER Solana memcoin on his Instagram.Lionel Messi’s Instagram account posted a similar story promoting the memecoin on Monday.
