The Block
The Paxos Gold token combines the stability of gold with the flexibility and accessibility of blockchain technology.The following is an excerpt from The Block’s Data and Insights newsletter.
Daily revenue on Pump.fun reached $1.1 million on Saturday.The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Scroll’s Sandy Peng says the success of a crypto organization depends on building the right culture and having a diverse team.
Quick Take South Korean crypto exchange Bithumb is considering an option to list on the Nasdaq. CleanSpark CEO Zach Bradford expects bitcoin to peak near $200,000 this cycle. The Ethereum Foundation has now sold more than $10 million worth of ether this year. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s price dropped by over 3% in the past 24 hours amid a “long squeeze” in the perpetual futures market, according to CryptoQuant data.The crypto market downturn coincided with growing caution in global equities as investors brace for potential interest rate hikes from the Bank of Japan that could impact overall risk sentiment.
Quick Take Solana’s chain fees are now 80% of Ethereum’s, up from just 1.36% last November. This column is adapted from The Scoop newsletter.
Quick Take Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier. Bankman-Fried and Wang first met at a summer math camp during high school and maintained their friendship through college at MIT.
Quick Take Olumide Osunkoya pleaded guilty to running multiple crypto ATMs, without FCA registration, which processed more than £2.6 million ($3.5 million) in transactions. The FCA says there are no legal crypto ATM operators in the UK.
Quick Take Australian bank ANZ announced it has joined the Monetary Authority of Singapore-led Project Guardian to “explore broader access to tokenized real-world assets in financial markets.” Deutsche Bank in May joined the project, a collaboration between public and private organizations, to help test asset tokenization implementation.
