The Block
Greg Cipolaro believes that investors no longer have an excuse to avoid exposure to bitcoin following President-elect Donald Trump’s and the Republican party’s landslide victory in the United States.“Not owning the asset is going to become a liability in the future,” the global head of research at NYDIG claimed.
Quick Take Infinex, founded by Kain Warwick, has inked a partnership with Near Foundation to integrate Near Chain Signatures into the platform.
Quick Take Stacks founder Muneeb Ali, in a post on X, hinted that the long-awaited Stacks upgrade could come as early as next month. Stacks bills sBTC as the first trustless two-way bitcoin peg system, with the potential to expand DeFi applications on the bitcoin base layer.
Quick Take The organization behind the Ethereum Naming Service announced today that it is building its own Layer 2 network called Namechain. Namechain is designed to prioritize interoperability and allow users to start ENS from “any L2 network.” Namechain’s launch is expected around the end of 2025.
Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.
Quick Take A post from a16z crypto’s Policy and Regulations team discussing the ramifications of Trump’s re-election says it’s too early to predict specific regulations, but crypto founders should expect a less hostile regulatory environment. Founders can now “feel empowered to explore all of the groundbreaking products and services that blockchains enable, including tokens,” the post states.
Quick Take Dune, the crypto analytics platform, made three major announcements at DuneCon in Bangkok on Monday morning: the launch of its Echo platform with real-time multi-chain analytics, the acquisition of blockchain simulation company smlXL, and the launch of a new metric designed to track meaningful blockchain adoption. The amount Dune paid for smlXL, backed by a16z, was not disclosed.
Quick Take Alameda filed a lawsuit against Aleksandr Ivanov, the founder of Waves, to recoup assets worth $90 million previously deposited with Vires. The FTX estate has filed more than 20 lawsuits against various entities over the past few days to claw back funds.
Quick Take Coinbase has published a status update alerting users that Polygon transfers may be delayed. Polygon, one of the most popular Ethereum scaling layers, recently launched its new POL token as part of a network-wide upgrade.
