The Block
Quick Take The DEX landscape is undergoing some diversification, with Uniswap’s once-dominant market share facing a steady erosion. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take LEVR Bet is launching its decentralized sports betting app in testnet on the Monad Layer 1. The application is looking to differentiate itself from incumbent platforms like FanDuel by offering users leverage.
Quick Take Paradigm-backed Succinct Labs announced it has been working with OP Labs, the main contributor to the Optimism protocol, in an effort to “solve” ZK rollups.
The U.S. presidential debate spurs risk-off sentiment in the crypto market, according to Bitfinex analysts.Indonesian exchange Indodax faces a $20 million loss following an apparent exploit.ZKsync developer Matter Labs poaches the Solana Foundation’s former VP of marketing.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take The UK government introduced a bill to Parliament looking to formally define crypto assets as a new form of property. The law, if passed, would introduce a third kind of property “to allow for certain digital assets to attract personal property rights.”
PolitiFi memecoins drop 9% in market cap following the debate.Trump-themed tokens suffer steep selloffs, with some down over 20%.
Quick Take The bitcoin miner said it will acquire seven mining facilities and associated land in Knoxville, Tenn., for $27.5 million, or about $324,000 per megawatt. The operating hashrate of the facilities is anticipated to result in 5 EH/s, which will increase CleanSpark’s current hashrate by over 22%.
Quick Take Bitcoin mining difficulty jumped 3.6% to hit an all-time high of 92.7 trillion on Wednesday. The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of nearly 694 EH/s on Sunday.
The U.S. presidential debate has encouraged risk-off market sentiment and was a “sell-the-news” event, analysts said.Since the debate, Vice President Kamala Harris’s odds have risen in prediction markets.She is now tied with Trump at a 49% likelihood of winning the election on Polymarket.
