The Block
Quick Take Former FTX CEO Sam Bankman-Fried has filed an appeal and called for a new trial.
Quick Take Aptos clocked in a whopping 5.4 million active monthly addresses and also hit a high note with 578 million user transactions last month. The following is an excerpt from The Block’s Data and Insights newsletter.
MicroStrategy buys an additional 18,300 bitcoin for $1.1 billion, taking its holdings to 244,800 BTC.Solana applications can “prioritize real humans” with Wormhole’s latest World ID integration.The Starknet community approves a vote to implement STRK token staking by the end of 2024.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Blind computing platform Nillion is integrating with the NEAR Protocol, to provide developers with tools to enhance data privacy and storage while designing applications. Nillion fragments data across its network of nodes to speed up processing times, which could have implications for computationally-heavy use cases like AI, co-founder Alex Page said.
Quick Take Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election. Democratic candidate Kamala Harris leads the way with an estimated 50% chance of winning and a $127 million bet. The 2024 presidential election has largely contributed to Polymarket’s explosive growth in the past few months.
Quick Take A judge ruled on Thursday that the CFTC exceeded its authority when it pushed against prediction market Kalshi’s move to list contracts tied to U.S. elections. Rep. Torres urged the CFTC to consider allocating resources toward regulated entities to protect consumers and election integrity.
Quick Take Polygon’s POL token spiked higher by more than 15% Friday morning. Polygon announced in July that the MATIC token would upgrade to POL on Sept. 4.
Quick Take Spiro will be responsible for leading policy and engagement efforts with lawmakers, regulators and key stakeholders. He most recently served for three years as PayPal’s Head of Regulatory Relations for its Blockchain and Digital Currencies Business.
The U.S. Securities and Exchange Commission “regrets” referring to crypto tokens themselves as securities, according to a court filing.The acknowledgment came in a footnote to its proposed amended complaint against Binance, having previously named tokens such as SOL, ADA and MATIC as securities in its lawsuit against the firm.
Quick Take Developers building applications on Solana will be able to “prioritize real humans” thanks to Wormhole’s latest World ID integration. Worldcoin Foundation, a main proponent behind the project that assigns World IDs, gave Wormhole contributors a grant to complete the work.
