The Block
Quick Take Elizabeth Warren has been critical of the crypto industry and has been behind an anti-money laundering bill that would extend Bank Secrecy Act requirements. Republican candidate John Deaton gained support from some leaders in the crypto industry.
Quick Take The most popular memecoins inspired by Trump have sold off over the past week, but some smaller coins are ticking higher heading into Tuesday evening. Trump has labeled himself the crypto candidate this election season, while Vice President Harris has been fairly muted on the subject.
Quick Take The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today, as the market processes Republican candidate Donald Trump’s early lead in the 2024 presidential race.
Quick Take Sen. Sherrod Brown had served in the Senate since 2007. Bernie Moreno has made multiple statements about crypto, including a pledge to “lead the fight to defend crypto in the U.S. Senate” in an interview with Fox Business in June.
Quick Take The former U.S. president’s chance of winning the 2024 election soared to 99% on Polymarket’s prediction market. So far, Trump has 246 electoral votes against Democratic candidate Kamala Harris’ 210.
Quick Take The collaboration aims to cut zero-knowledge-proof adoption timelines from years to months.
Quick Take Paxos is set to launch its products on the Ethereum Layer 2 blockchain Arbitrum One. Arbitrum’s select stablecoins are currently available on Ethereum, the Polygon proof-of-stake network and Solana.
Quick Take Core Scientific CEO Adam Sullivan sees an exponential growth opportunity from its AI data center services, potentially becoming a $25 to $30 billion company in the next few years. Despite the higher revenue and margins of diversifying into high-performance computing facilities, other Bitcoin miners are yet to compete, Sullivan said.
Quick Take The onchain data analytics firm aims to become an investment platform as it expands its services by acquiring StakeWithUs. Nansen intends to offer users access to over 20 crypto assets, including Ethereum, Solana and Sui.
After dropping to $52,500, Bitcoin rebounded above the $57,000 mark, triggering significant short liquidations.Analysts highlighted that upcoming U.S. political events, economic data, and the Fed’s interest rate decisions could impact bitcoin price movements.
