The Block
Quick Take The most popular memecoins inspired by Trump have sold off over the past week, but some smaller coins are ticking higher heading into Tuesday evening. Trump has labeled himself the crypto candidate this election season, while Vice President Harris has been fairly muted on the subject.
Quick Take The former U.S. president’s chance of winning the 2024 election soared to 99% on Polymarket’s prediction market. So far, Trump has 246 electoral votes against Democratic candidate Kamala Harris’ 210.
Quick Take The collaboration aims to cut zero-knowledge-proof adoption timelines from years to months.
Quick Take Paxos is set to launch its products on the Ethereum Layer 2 blockchain Arbitrum One. Arbitrum’s select stablecoins are currently available on Ethereum, the Polygon proof-of-stake network and Solana.
Quick Take Core Scientific CEO Adam Sullivan sees an exponential growth opportunity from its AI data center services, potentially becoming a $25 to $30 billion company in the next few years. Despite the higher revenue and margins of diversifying into high-performance computing facilities, other Bitcoin miners are yet to compete, Sullivan said.
Quick Take The onchain data analytics firm aims to become an investment platform as it expands its services by acquiring StakeWithUs. Nansen intends to offer users access to over 20 crypto assets, including Ethereum, Solana and Sui.
After dropping to $52,500, Bitcoin rebounded above the $57,000 mark, triggering significant short liquidations.Analysts highlighted that upcoming U.S. political events, economic data, and the Fed’s interest rate decisions could impact bitcoin price movements.
Quick Take FTX proposed a $14 million deal with Emergent in which the latter firm will assign its claims in Robinhood shares to FTX debtors. FTX called the settlement agreement “another valuable piece of the puzzle” in its reorganization plan.
Quick Take The North Carolina Senate passed a bill on Monday that bans state participation in CBDC testing sponsored by the Federal Reserve.
Quick Take Fidelity’s FBTC led the inflows in spot bitcoin ETFs on Monday. Spot ether ETFs continued their negative streak with a fifth consecutive day of net outflows.
