The Block
Quick Take The American rapper’s X account posted multiple messages to promote a token with the ticker DOJA. The celebrity warned on Instagram that her X account was hacked.
Quick Take After the German government transferred thousands of bitcoin to exchanges and market makers on Monday, nearly 3,000 BTC — worth about $163 million — were sent back later in the day. Exchanges likely sent Germany back the bitcoin after not succeeding in selling the crypto within a targeted price range. At one point, the price of bitcoin dropped to about $55,200 on Monday.
Quick Take Cboe BZX filed Form 19b-4s on Monday for the 21Shares Core Solana ETF and the VanEck Solana Trust. The exchange compared the products to spot Ethereum ETFs and Bitcoin ETFs, which were approved by the agency over the past year.
Quick Take Coinbase Ventures has invested $1 million in a strategic funding round for Ampleforth Foundation’s decentralized low-volatility commodity money, SPOT. SPOT is set to launch on the Coinbase-incubated Ethereum Layer 2 Network Base as part of the deal. Flatcoin technologies like SPOT, designed to track the cost of living, have been described by Coinbase CEO Brian Armstrong as the “next iteration of stablecoins.”
Quick Take The German government transferred 133.722 bitcoins to market maker Cumberland DRW before sending 150 coins to crypto exchange Kraken and 1,000 coins to the B2C2 Group. It also transferred 300 bitcoins to Coinbase, 300 bitcoins to Bitstamp and 1,000 bitcoins to market maker Flow Traders.
Quick Take Immunefi and the Ethereum Foundation have rolled out “Attackathon” — a large-scale collaborative audit contest for Ethereum. Attackathon features a time-bound code review program to engage top security researchers. The Ethereum Foundation has seeded the reward pool with a contribution of $500,000.
Quick Take ZKM has unveiled its Bitcoin Layer 2 solution, GOAT Network, set to launch later in Q3. GOAT Network has secured 5,000 BTC in commitments from institutional node operators to date, with plans to open a Series A fundraising round soon.
Quick Take While the Mt. Gox Trustee has sent bitcoin to BitBank and SBI VC Trade, it hasn’t sent any to the other three exchanges that it is using for distributions. Bitstamp, one of the other exchanges, says it will try to distribute the funds quickly once it receives them.
Quick Take Golem has sent over $100 million in ether to various exchanges over the last month. The amount sent represents a significant portion of their remaining reserves of around 126,000 ETH.
After three weeks of net outflows, global digital asset investment products returned to net inflows of $441 million last week, CoinShares noted.CoinShares head of research James Butterfill said that recent crypto price weakness is “likely being seen as a buying opportunity.”
