The Block
Quick Take The two companies aim to develop a blockchain-based customer loyalty solution for merchants in Hong Kong.
Quick Take Truth Terminal founder Andy Ayrey’s X account was hacked, with the perpetrator promoting a token. The token’s market cap soared to over $25 million, followed by a sell-off that netted the hacker $600,000.
Quick Take Kaia, the Layer-1 blockchain from messenger app giants Kakao and LINE, announced its mainnet launch. Kakao’s messenger app of the same name is used by 96% of South Korea, while LINE is the dominant messenger in Japan. Kaia builders will be able to build Telegram-style apps on LINE messenger.
Quick Take Telegram CEO Pavel Durov was indicted by a French court. The messaging app’s founder must remain in France under “judicial supervision.”
Quick Take Matchain, a decentralized AI blockchain focused on data and identity sovereignty, is launching its mainnet with the goal of creating an ecosystem where data ownership is democratized, privacy is a choice, and users are empowered to control their data.
Quick Take The Block was joined by leaders in the area of chain abstraction on the latest episode of The Crypto Beat Xion’s Burnt Banksy and Particle’s Ethan deliberated on the current state of chain abstraction and its near-term future
Quick Take Renzo Protocol has announced the launch of REZ on Solana, leveraging Wormhole. REZ’s initial liquidity will be provided on Solana’s major automated market makers.
Privacy-focused web startup Brave has cut approximately 15% of its workforce, its second round of layoffs within the past 10 months.BAT is down 6% on the day and 91% from its all-time high of $1.90 set in November 2021, according to The Block’s price page.
OpenSea CEO Devin Finzer said the NFT marketplace has received a Wells Notice from the Securities and Exchange Commission.TON blockchain suffered a six-hour outage due to an abnormal load that caused a consensus loss among validators.Sony launched the public Minato testnet and a developer incubation program for its Soneium blockchain.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Telegram CEO Pavel Durov has been released from French police authority. He now faces his first court appearance and potential indictment, according to a report.
