The Block
Quick Take Synthetix has introduced a blockchain named SNAXchain using Optimism’s infrastructure. The development of the network involves a partnership with Conduit.
Quick Take EigenLayer has announced its season 2 “stakedrop,” planning to distribute 86 million EIGEN tokens to various stakeholders.
Quick Take Robinhood has agreed to a $3.9 million settlement with the California Department of Justice for not allowing customers to withdraw cryptocurrency from 2018 to 2022.
Quick Take Two Ethereum researchers, Justin Drake and Dankrad Feist, announced simultaneously that they were dropping their positions as advisors for Ethereum restaking protocol EigenLayer, for which they were paid in significant sums of Eigen tokens, sparking questions regarding conflicting interests. A promised conflict of interest policy from the Ethereum Foundation has failed to materialize publicly, though one researcher hinted at its existence in his post.
Quick Take Strive Enterprises, an asset manager co-founded by former Presidential candidate and current Trump surrogate Vivek Ramaswamy, announced the creation of its wealth management business. The business aims to integrate Bitcoin into “standard portfolios of everyday Americans” and launches amid a corporate move and the closure of a $30 million investment round.
Quick Take Donald Trump’s odds of winning the presidency on prediction markets Kalshi and Polymarket have fallen more than 10% from their relative highest values as Tuesday’s election draws near. A French man who has placed large bets in favor of Trump on Polymarket denied any political agenda or connections in an interview with the Wall Street Journal.
Quick Take Alex Blania, CEO of Tools for Humanity, emphasized Worldcoin’s primary goal of scaling up by distributing iris-scanning “Orbs” globally. Worldcoin is preparing new updates for its next-generation device, which will be published in the coming “weeks.”
Grayscale’s GBTC led the outflows of spot bitcoin ETFs on Wednesday, with $34.25 million leaving the fund.Bitcoin edged up 0.97% over the past 24 hours to trade at $57,276 at the time of writing.
Quick Take ApeCoin unveiled a new set of initiatives called BluePrint to incentivize Bored Ape Yacht Club-themed community developments ahead of the launch of the much-anticipated ApeChain network, which a Yuga Labs employee confirmed “will be launching soon.” The project is integrating Arbitrum’s Stylus coding platform and doubling down on its recently launched Reboot Protocol to spur the creation of consumer applications.
Quick Take The Future Forward is among the top Democratic and liberal-leaning PACs, having raised a total of $164 million in funding, according to OpenSecrets.
