The Block
Quick Take dYdX Foundation CEO Charles d’Haussy explains the decision to launch dYdX v4 as a standalone appchain and explores the future of decentralized crypto derivative products.
Quick Take Regulated DeFi platform Swarm has launched “Open dOTC” — an alternative permissionless platform for trading tokenized real-world assets. Swarm said Open dOTC was built following MiCA clarity in the European Union, with sufficiently decentralized applications not falling under regulator purview.
Quick Take Former President Donald Trump is selling new “Mugshot Edition” NFT trading cards. People who buy 47 (at $99 a piece, that adds up to about $4,600) will receive a physical card that includes a piece of the suit he wore when his mugshot was taken in Georgia earlier this year.
Quick Take The IRS Criminal Investigation unit listed its top ten cases of the year, and four them involved cryptocurrency. The Silk Road hacker, a OneCoin co-founder, a bitcoin launderer and a token project founder are on the list.
Quick Take Terraform Labs co-founder Do Kwon’s detention in Montenegro has been extended until mid-February as he appeals extradition. Last week. The Wall Street Journal reported, citing sources, that the fallen crypto entrepreneur would be extradited to the U.S.
Solana-based liquid staking derivative mSOL fell by as much as 18% on Tuesday as one wallet offloaded more than $5 million worth of the token.The price then quickly rebounded.
Bitcoin’s price slipped lower on Tuesday despite optimism ahead of Wednesday’s rate announcement by the U.S. Federal Reserve.
Quick Take A “devonomics” pilot program will distribute Layer 2 network fees to developers on Starknet. The program will allocate a 10% share of all network fees to developers on Starknet. Rewards distribution will be automated and based on fees generated by each decentralized application.
Quick Take Privacy-focused web3 projects — including Nym, Protocol Labs, the Filecoin Foundation, Oasis and Aztec — have formed the “Universal Privacy Alliance,” aiming to protect digital privacy as a fundamental human right. Backed by an initial fund of $150,000, the UPA will focus on advocating for “privacy by design” technologies and influencing policy decisions.
Layer 1 blockchain Aptos unlocked 24.8 million APT tokens today — worth over $200 million and representing 8.9% of its circulating supply — according to TokenUnlocks.ApeCoin and Optimism are among the largest remaining unlocks this year — set to release $26 million worth of APE and $56 million worth of OP, respectively, by the end of December.
