The Block
The Layer 2 network said that 10 billion tokens will be allocated for phase 2 rewards.The second phase is expected to last 12 months.
Quick Take Bittensor developers halted the blockchain following a suspected security exploit that targeted several wallets, first noted by ZachXBT. A community Discord administrator stated that transactions have been paused to allow the team to investigate. The last block on Bittensor’s block explorer was confirmed about three hours ago.
Quick Take Over the past few days, Coinbase and Ripple have pointed to a lack of clarity on how crypto is regulated in filings submitted in their respective cases. Both firms point judges to a decision made in the SEC’s case against Binance last week that dismissed the agency’s claim that the secondary sales of BNB were securities.
Quick Take After Stars rolled out on June 6, mini-app developers can now transfer their Stars for TON tokens.
Quick Take A Texas judge approved an expedited schedule of legal proceedings in the SEC’s case against Consensys. A decision could come by the end of the year or early 2025.
Quick Take CleanSpark mined 445 bitcoin last month and exceeded its mid-year target of 20 EH/s in operational hashrate. CleanSpark has bitcoin mined 3,614 bitcoin in 2024 and holds a total of 6,591 bitcoin as of June 30.
Quick Take Solana-based memecoin launchpad Pump.fun has surpassed the Ethereum network in terms of 24-hour revenue, according to data from DefiLlama.
Quick Take Aave’s decentralized autonomous organization is launching its GHO stablecoin on the Arbitrum blockchain as part of its “cross-chain expansion strategy.” The hope is that adding Arbitrum will increase adoption.
Bitcoin‘s price could hit a new all-time high in August, followed by an increase to $100,000 by the time of the U.S. presidential election in November, according to Standard Chartered.
Quick Take There has been a small uptick in the Ethereum withdrawal queue since June 28. The following is an excerpt from The Block’s Data and Insights newsletter.
