The Block
Quick Take A post from a16z crypto’s Policy and Regulations team discussing the ramifications of Trump’s re-election says it’s too early to predict specific regulations, but crypto founders should expect a less hostile regulatory environment. Founders can now “feel empowered to explore all of the groundbreaking products and services that blockchains enable, including tokens,” the post states.
Quick Take Dune, the crypto analytics platform, made three major announcements at DuneCon in Bangkok on Monday morning: the launch of its Echo platform with real-time multi-chain analytics, the acquisition of blockchain simulation company smlXL, and the launch of a new metric designed to track meaningful blockchain adoption. The amount Dune paid for smlXL, backed by a16z, was not disclosed.
Quick Take Alameda filed a lawsuit against Aleksandr Ivanov, the founder of Waves, to recoup assets worth $90 million previously deposited with Vires. The FTX estate has filed more than 20 lawsuits against various entities over the past few days to claw back funds.
Quick Take Coinbase has published a status update alerting users that Polygon transfers may be delayed. Polygon, one of the most popular Ethereum scaling layers, recently launched its new POL token as part of a network-wide upgrade.
Quick Take The Californian venture firm Dragonfly wants to raise $500 million for its fourth venture fund, reports Bloomberg. Dragonfly previously closed $650 million in oversubscribed financing for its third crypto venture fund in May 2022.
Quick Take Wintermute’s new predictions market, OutcomeMarket, will launch on Ethereum, Base and Arbitrum next week, the company said.
Quick Take House Financial Services Committee Chair Patrick McHenry said Tuesday he thinks his bill could gain momentum during the lame-duck session. Sen. Cynthia Lummis, R-Wyo., also said she believes legislation can be pushed through during the lame-duck session.
CryptoQuant reports that bitcoin exchange deposit addresses have reached a multi-year low, signaling a potential easing of selling pressure.Bitcoin exchange reserves have dropped by around 15% since the beginning of the year, according to CryptoQuant data.
Quick Take The TON Foundation has teamed up with Curve Finance to incubate a TON network-based stablecoin swap project. The collaboration aims to create new opportunities for stablecoin trading on the TON blockchain and enhance accessibility and trading environment efficiency.
Quick Take Sui, the Layer 1 network based on Meta’s defunct blockchain experiment, is partnering with MoviePass to offer users the ability to pay for the movie subscription platform using Circle’s USDC stablecoin.
