Daily Update: New Polymarket Accounts Generate $1 Million Before US Airstrikes on Iran, JPMorgan Predicts Potential Approval of Crypto Legislation Within Months, and More Insights
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Will US Lawmakers Establish a Comprehensive Crypto Market Framework Ahead of the Midterm Elections?
While the White House has hosted three meetings to discuss how to address stablecoin yield in the Senate's market structure bill, there are no signs of a solution.
Monad's New cbBTC Bridge Could Inject $5 Billion Boost in Bitcoin-Backed Liquidity
Chainlink’s protocol enables Coinbase’s cbBTC to move from Base to Monad, boosting Bitcoin-backed liquidity into the layer-1’s DeFi ecosystem.
Bitfinex Launches Innovative Tokenized Bonds Aimed at Attracting Crypto Investors Seeking High Yields
Bitfinex Securities will restart USDt-denominated bond issuances on Bitcoin’s Liquid Network, following four previous tokenized offerings totaling $6.2 million since 2023.
TD Securities Identifies NYSE Tokenization as a Key Milestone for Institutional Investment
TD Securities' Reid Noch sees the exchange's tokenized-equities plan as a “market structure” moment, a sign that Wall Street is taking tokenization seriously.
Bitcoin Futures Demand Drops to Lowest Level of 2024: Are Institutional Investors Pulling Back?
Month over month Bitcoin open interest continues to decline, while BTC options markets highlight balanced demand. Does the data point to reduced institutional investor activity?
US Authorities Launch Effort to Retrieve $327,000 in Cryptocurrency Stolen Through Romance Fraud Scheme
A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023.
Prosecutors Pursue Seizure of $327,000 in Tether Following Allegations of Cryptocurrency Fraud Linked to Dating App Schemes
Prosecutors are looking to seize $327,829 worth of Tether after prosecutors say a person in Massachusetts was duped on a dating app.
Vitalik Buterin Explores Major FOCIL Developments and Encrypted Mempools to Combat Centralization in the Blockchain Block Building Pipeline
The Glamsterdam upgrade will boost Ethereum's censorship-resistance, but a proposed mechanism called ePBS could cause centralization.
Pump.fun Expands Support to Include Tokens from Competing Memecoin Generators and Diverse Non-Native Assets
The Pump.fun mobile app is adding support for tokens launched on rival token generators and other non-Pump-native assets.
Uniswap Achieves Complete Victory in Prolonged Class Action Lawsuit Involving Scam Tokens
The judge said plaintiffs had multiple chances to amend their complaint but still failed to state a viable claim against Uniswap.
Riot Platforms Achieves Record Annual Revenue of $647 Million Fueled by Growth in AI and High-Performance Computing
Starboard Value previously said Riot Platforms’ new focus on AI and HPC could be worth as much as $21 billion.