The Block
Quick Take Polygon’s POL token spiked higher by more than 15% Friday morning. Polygon announced in July that the MATIC token would upgrade to POL on Sept. 4.
Quick Take Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators and key stakeholders. He most recently served for three years as PayPal’s Head of Regulatory Relations for its Blockchain and Digital Currencies Business.
The U.S. Securities and Exchange Commission “regrets” referring to crypto tokens themselves as securities, according to a court filing.The acknowledgment came in a footnote to its proposed amended complaint against Binance, having previously named tokens such as SOL, ADA and MATIC as securities in its lawsuit against the firm.
Quick Take Developers building applications on Solana will be able to “prioritize real humans” thanks to Wormhole’s latest World ID integration. Worldcoin Foundation, a main proponent behind the project that assigns World IDs, gave Wormhole contributors a grant to complete the work.
Quick Take Euler Labs Co-Founder and CEO Michael Bentley discusses the launch of Euler v2 and his team’s recovery from a $240 million hack.
Quick Take Catizen has successfully completed a major upgrade to its business model, with two of the first nine game releases proving their sustainability. The platform demonstrates strong revenue-generating potential, bringing long-term benefits to its community, especially $CATI holders.
Quick Take Xion’s Burnt Banksy and Particle Network’s Ethan Francis discussed chain abstraction and its importance for broader crypto adoption.
MicroStrategy has purchased another 18,300 BTC for approximately $1.11 billion at an average price of $60,408 per bitcoin.The latest acquisition follows the sale of the equivalent value of MicroStrategy’s shares and takes the firm’s total holdings to 244,800 BTC.
Quick Take Team members from GAMEE, Hamster Kombat and TON Ventures shed light on the emerging TON gaming ecosystem.
Quick Take Markets anticipate a 25-basis-point rate cut by the U.S. Federal Reserve next Wednesday. This could result in a “sell-the-news” event for risk assets, according to an economist.
