The Block
Quick Take Solana-based token launchpad Pump.Fun is the fastest-growing crypto app of all time, which some see as a sign of the value of memecoins. However, not everyone agrees. The conversation around memecoins has been especially heated leading up to the second U.S. presidential debate slated for Sept. 10, as major news events tend to be fertile ground for launching these tokens.
The two firms’ new funds provide mixed exposure to various companies associated with blockchain technology, in addition to cryptocurrencies through futures and other ETFs.The three funds started trading today under the tickers DECO, HECO and TEKX.
Quick Take The total fees generated by the Solana network have hit a six-month low, with figures not seen since early March. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Elizabeth Warren has been critical of the crypto industry and has been behind an anti-money laundering bill that would extend Bank Secrecy Act requirements. Republican candidate John Deaton gained support from some leaders in the crypto industry.
Quick Take Sen. Sherrod Brown had served in the Senate since 2007. Bernie Moreno has made multiple statements about crypto, including a pledge to “lead the fight to defend crypto in the U.S. Senate” in an interview with Fox Business in June.
Quick Take The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential race.
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.
