The Block
Quick Take The SEC was granted an additional week to respond to a federal judge in Utah who ordered the regulator to explain apparent “false or misleading” statements.
Quick Take In an amended Form S-1 filing, VanEck said the ticker symbol for the proposed VanEck Bitcoin Trust would be “HODL.” HODL is a phrase used among crypto investors to represent a trading strategy of buying, and then holding “on for dear life.”
Quick Take El Salvador introduced a “Freedom Visa,” in exchange for a crypto investment. It offers a limited number of applicants citizenship for a $1 million investment in Bitcoin or USDT.
Quick Take The token of the liquid staking project Jito saw $1.1 billion in trading volume during the past 24 hours. The token was rolled out yesterday and distributed to community members. Jito began trading at around $2, increasing by about 45% to $2.90.
Quick Take Tools For Humanity is looking to raise up to $50 million through the sale of discounted WLD tokens, according to people familiar with the matter. FT Partners, the San-Francisco investment bank, is assisting with the raise.
Quick Take The Starknet Foundation plans to distribute 1.8 billion tokens as rewards and network rebates. Various committees under the foundation will oversee token distribution. Exact distribution details are still in development.
Quick Take Political movement The Other Party has launched in the UK, aiming to bring decentralized, blockchain-based direct democracy to the country. Initiatives include “Governance Passports,” allowing citizens to actively participate in law-making and policy decisions.
Quick Take LayerZero has clarified that it will launch a token. It anticipates doing so in early 2024.
Quick Take CoinFund CIO Alex Felix discusses allocating $158 million raised for early-stage crypto startups.
Quick Take The news comes after an initial ruling that Zhao could not return to the UAE, pending a further review.
