The Block
Quick Take Uncertainty surrounding tonight’s Trump-Harris debate is affecting both U.S. equities and the cryptocurrency market, according to QCP Capital analysts. The analysts observed heightened near-term volatility, with the options market implying a movement of more than 3.3% from the current spot price.
Quick Take The Securities and Exchange Commission has fined the crypto industry $7.4 billion since 2013, according to a study published by Social Capital Markets. This year has been the largest on record due to the $4.47 billion fine levied against Terraform Labs.
Bitwise CIO Matt Hougan expects a significant crypto rally after current macro uncertainty starts to lift in the fourth quarter.September is the worst month for bitcoin price performance, with the cryptocurrency falling by an average of 4.5% during its trading history.
Quick Take The Securities and Exchange Commission and the Financial Industry Regulatory Authority approved for tZERO to custody digital assets, according to a statement released by the firm on Tuesday. tZERO’s announcement comes after digital asset firm Prometheum received similar approval last year from the SEC and later from FINRA to allow it to do digital asset securities clearing and settlement services through a similar license.
Quick Take Solana-based token launchpad Pump.Fun is the fastest-growing crypto app of all time, which some see as a sign of the value of memecoins. However, not everyone agrees. The conversation around memecoins has been especially heated leading up to the second U.S. presidential debate slated for Sept. 10, as major news events tend to be fertile ground for launching these tokens.
The two firms’ new funds provide mixed exposure to various companies associated with blockchain technology, in addition to cryptocurrencies through futures and other ETFs.The three funds started trading today under the tickers DECO, HECO and TEKX.
Quick Take The total fees generated by the Solana network have hit a six-month low, with figures not seen since early March. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Elizabeth Warren has been critical of the crypto industry and has been behind an anti-money laundering bill that would extend Bank Secrecy Act requirements. Republican candidate John Deaton gained support from some leaders in the crypto industry.
Quick Take Sen. Sherrod Brown had served in the Senate since 2007. Bernie Moreno has made multiple statements about crypto, including a pledge to “lead the fight to defend crypto in the U.S. Senate” in an interview with Fox Business in June.
Quick Take The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential race.
