The Block
Quick Take Riot posted a net loss of $154.4 million, or $0.54 per share, compared to a $0.44 per share loss in the year-ago quarter. The miner produced 1,104 bitcoin during the quarter, in line with the 1,106 mined during the year-ago quarter.
Quick Take The number of addresses that have claimed the GRASS token airdrop has jumped to nearly 1.5 million, making it the most claimed Solana airdrop to date.
Quick Take The U.S. government has sold off ANT tokens seized from Alameda Research, according to Arkham Research. This is the first time the wallet has moved funds in nearly two years. Last year, AragonDAO voted to dissolve and exchange ANT for ETH until the beginning of November.
Quick Take The crypto investment firm filed an S-1 registration statement for the Canary Solana ETF on Wednesday. Fund manager VanEck similarly filed for a spot Solana ETF in June.
Quick Take Robinhood reported quarterly sales of $637 million, which missed the consensus estimate of $650.67 million.
Quick Take Popular messaging app Telegram generated a significant chunk of its revenues from crypto-related activities and held $400 million in digital assets as of 2023, according to a report from the Financial Times. The company’s founder Pavel Durov was indicted by a French court this week on charges Telegram’s tools and services have aided illicit activities.
Elon Musk wins the dismissal of a class action lawsuit, which alleged his comments manipulated the Dogecoin market.BlackRock’s IBIT spot Bitcoin ETF logs its first daily net outflows since May.Gnosis Chain community members evaluate their gas token choices amid MakerDAO’s pivot to Sky.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take According to a new Chainalysis report, crypto criminals are moving away from complex Ponzi schemes in favor of more targeted scams such as “pig butchering.” One of the highest-grossing scams of 2024 involves a syndicate operating from a notorious “pig butchering” compound in Myanmar.
Bitcoin has underperformed relative to stocks since experiencing a significant deleveraging earlier this month, according to Coinbase.On Aug. 4, bitcoin experienced a sharp sell-off alongside equities, marking one of the most severe downturns for risk assets since the “Black Monday” crash of 1987.
Quick Take Securitize founder and CEO Carlos Domingo says tokenized treasuries are more appealing to institutions than traditional stablecoins, due to their inherent stability and yield-generating potential.
