The Block
Quick Take The Californian venture firm Dragonfly wants to raise $500 million for its fourth venture fund, reports Bloomberg. Dragonfly previously closed $650 million in oversubscribed financing for its third crypto venture fund in May 2022.
Quick Take Wintermute’s new predictions market, OutcomeMarket, will launch on Ethereum, Base and Arbitrum next week, the company said.
Quick Take House Financial Services Committee Chair Patrick McHenry said Tuesday he thinks his bill could gain momentum during the lame-duck session. Sen. Cynthia Lummis, R-Wyo., also said she believes legislation can be pushed through during the lame-duck session.
CryptoQuant reports that bitcoin exchange deposit addresses have reached a multi-year low, signaling a potential easing of selling pressure.Bitcoin exchange reserves have dropped by around 15% since the beginning of the year, according to CryptoQuant data.
Quick Take The TON Foundation has teamed up with Curve Finance to incubate a TON network-based stablecoin swap project. The collaboration aims to create new opportunities for stablecoin trading on the TON blockchain and enhance accessibility and trading environment efficiency.
Quick Take Sui, the Layer 1 network based on Meta’s defunct blockchain experiment, is partnering with MoviePass to offer users the ability to pay for the movie subscription platform using Circle’s USDC stablecoin.
Quick Take The move allows the direct conversion of Brazilian Reas and Mexican Pesos into USDC, omitting the need to convert the fiat currencies into USD.
Quick Take DePIN infrastructure platform IoTeX is collaborating with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The integration is designed to enable IoTeX-based projects to distribute rewards and allow users to settle on a chain of their choice.
Quick Take Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator and others provided additional support. Fermah aims to tackle issues related to zero-knowledge (ZK) proofs by acting as a marketplace for ZK proof generation.
Quick Take Lens Protocol has partnered with Avail to integrate its data availability solution into the upcoming network.
