The Block
Quick Take Midas’ onchain mTBILL and mBASIS tokens will be the first such real-world asset trading vehicles available to non-accredited investors. The tokenization firm received regulatory approval from Liechtenstein’s Financial Market Authority to open these funds to retail traders.
Crypto.com filed a lawsuit against the SEC after receiving a Wells notice from the agency.ZK-powered Ethereum Layer 2 Scroll unveiled plans to launch and airdrop its SCR governance token.Linea proposed a decentralization roadmap including a proof-of-stake model for block validation.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Solv Protocol, the leading Bitcoin staking platform, in partnership with BNB Chain, Ceffu, and Chainlink, transforms the once-complex process of BTC staking into an easy, yield-generating opportunity with the Staking Abstraction Layer.
Quick Take Bitlayer has raised $9 million from Polychain Capital, Franklin Templeton and others. The new funding round holds the same $300 million valuation as July’s Series A.
Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares.The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
Standard Chartered’s Geoff Kendrick says solana’s price could potentially surge fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election.In the case of a Kamala Harris win, Kendrick expects bitcoin to outperform ether, which, in turn, would outperform solana.
Quick Take The crypto trading platform said it decided to sue the agency after receiving a Wells notice and said the SEC’s actions left them “with no other choice.” Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency’s claim that most cryptocurrencies are securities.
Quick Take U.S. publicly traded bitcoin miners have finished releasing their monthly mining updates for September. The total market cap of 14 U.S.-listed bitcoin miners tracked by JPMorgan rose 4% to $21 billion during the month.
Telegram-based game Notcoin and the memecoin project Dogs Community announced they will collectively burn $4 million of NOT and DOGS tokens.At current prices, it appears about 85% of the $4 million will come from burning DOGS tokens.
The SCR token, set to hit the Binance Launchpad in the coming weeks, will serve as “a primary governance mechanism” for the protocol and help decentralize its prover and sequencing systems.Scroll’s airdrop screenshot, or the last eligible date to use the protocol to receive a share of SCR tokens, will occur on Oct. 19.
