The Block
Quick Take Prosecutors on Thursday said they repeatedly clarified with Ryan Salame’s lawyers that his guilty plea would not halt any ongoing investigation into his partner Michelle Bond. The filing also included some details about Salame’s alleged misconduct while at FTX, according to notes taken by prosecutors in April 2023.
Quick Take Polymarket’s growth trajectory speaks volumes about its increasing popularity and the public’s eagerness to put their money where their predictions are. The following is an excerpt from The Block’s Data and Insights newsletter.
EigenLayer plans to distribute 86 EIGEN million tokens to stakeholders in its season 2 “stakedrop.”Worldcoin eyes Facebook-like scale for global reach, according to Tools for Humanity CEO Alex Blania.Robinhood agrees to pay a $3.9 million penalty to settle an investigation from the California DOJ over its past crypto withdrawal restrictions.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take JOJO Exchange has implemented Chainlink as its oracle solution. The Base network DEX cited Chainlink’s infrastructure, sub-second price latency, and high data accuracy as reasons for the integration.
Quick Take The token will support numerous assets with different annual percentage yields. Supported collateral includes USDT, USDC, DAI, USDE, bitcoin and ether, in addition to some blue chip tokens and other altcoins.
Ether has underperformed bitcoin by 44% since its switch to proof-of-stake, according to CryptoQuant analysts.The analysts suggest ether could experience further declines due to weaker network activity and growing supply.
Quick Take Uphold, a trading platform with about 12 million users, is launching U.S. dollar interest accounts that can earn an APY of up to 5%. The move is geared towards both attracting new customers and incentivizing users to hold more capital on the platform.
Short-term bitcoin holders are facing heavy losses, making them the most likely to sell if the market drops further.
Donald Trump has extended his lead over Kamala Harris in U.S. presidential election odds on the decentralized predictions platform Polymarket.The seven percentage point gap is the highest since Aug. 22 but contrasts with average national polling in Harris’ favor.
Quick Take Mercuryo has launched Spend in Europe, enabling users to create a virtual debit card via their non-custodial crypto wallets — integrated with Apple Pay or Google Pay. The euro-denominated Mastercards are designed to bridge the gap with traditional payment methods.
