The Block
Quick Take The move allows the direct conversion of Brazilian Reas and Mexican Pesos into USDC, omitting the need to convert the fiat currencies into USD.
Quick Take DePIN infrastructure platform IoTeX is collaborating with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The integration is designed to enable IoTeX-based projects to distribute rewards and allow users to settle on a chain of their choice.
Quick Take Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator and others provided additional support. Fermah aims to tackle issues related to zero-knowledge (ZK) proofs by acting as a marketplace for ZK proof generation.
Quick Take Lens Protocol has partnered with Avail to integrate its data availability solution into the upcoming network.
Ahead of the U.S. Federal Reserve’s interest rate decision on Wednesday, QCP Capital analysts report rising cryptocurrency market volatility.Interest rate traders have adjusted their expectations and are now betting the Fed will announce a 50 basis-point cut at Wednesday’s FOMC meeting.
BlackRock’s IBIT generated positive flows on Monday for the first time in three weeks as spot Bitcoin ETFs witnessed a combined $12.8 million in net inflows.Meanwhile, spot Ethereum ETFs returned to daily net outflows of $9.4 million.
Quick Take WalletConnect is launching its native Connect Token on Optimism’s OP Mainnet. A total of 185 million WCT will be airdropped to users, CEO Jess Houlgrave told The Block.
Quick Take FTX has filed some 25 lawsuits seeking to claw back funds from various individuals that received funds from FTX, including Anthony Scaramucci, the team behind StoryBook Brawl, an exploiter who siphoned hundreds of millions of dollars from FTX, and the head of a bank that received a massive investment. The exploiter, despite allegedly profiting hundreds of millions of dollars from FTX while it was in operation, filed a bankruptcy claim with his personal information for $13 million stranded on the
Quick Take Web3 investor and ex-ParaFi Capital partner Santiago Roel Santos announced the launch of Inversion Capital, a new private equity fund designed to acquire traditional businesses and transform their operations by adopting crypto.
Quick Take Donald Trump helped unveil a few details of his highly anticipated cryptocurrency project, World Liberty Financial, on Monday night. The Republican presidential nominee said crypto is “big and yet it’s a fledgling compared to what it will be.” World Liberty Financial will sell a non-transferable governance token called WLFI and plans to limit participation to accredited investors.
