The Block

Quick Take Starknet introduced parallel execution in its version 0.13.2 upgrade. This feature allows multiple transactions to be processed simultaneously on the Layer 2 chain.

AI-related crypto tokens are down ahead of Nvidia’s earnings call today, which is expected after markets close in New York on Wednesday.Nvidia’s second-quarter results today will give Wall Street insight into the artificial intelligence sector’s performance.

Quick Take The CEO of South Korean crypto custody firm Haru Invest was stabbed during a trial in a Seoul court. He is reportedly in a ‘critical condition’ after being taken to the emergency room. Haru Invest executives allegedly defrauded tens of thousands of investors in South Korea.

U.S. spot bitcoin ETFs returned to net outflows after eight straight days of positive flows.Ether ETFs saw their ninth day of total daily net outflows.

Quick Take The Open Network (TON) has been experiencing an outage, with no transactions being processed for over six hours. The disruption is attributed to an abnormal load on the network, resulting in a consensus loss.

The price of Bitcoin briefly fell below $60,000 and was down 5.4% over the past 24 hours.The entire cryptocurrency market fell by 6% in the past day.

Quick Take Solana’s biggest wallet, Phantom, is experiencing downtime, according to a status update. Similar issues have happened in the recent past and were quickly resolved.

Quick Take The Tokyo-listed firm invested an additional $10.4 million in bitcoin, bringing its total holdings to 1,018.17 BTC ($68.8 million).

Quick Take FTX has agreed to drop its lawsuit against Bybit in a settlement that would allow FTX to collect around $228 million. Earlier this month, a U.S. bankruptcy court approved FTX’s reorganization plan to repay its creditors.

Quick Take The Hong Kong government’s Treasury chief said the city will extend existing tax concessions to cover cryptocurrency investments by the end of this year. The regulators also plan to approve more crypto asset trading platform licenses by the end of the year.