The Block
Quick Take Revolut has expanded to 30 countries in Europe with its stand-alone crypto exchange Revolut X, which launched in the UK earlier this year. The fintech firm claims to have over 45 million customers globally.
Quick Take Daren Li, a dual citizen of China and St. Kitts and Nevis, pleaded guilty to laundering $73 million through cryptocurrency in an investment scam.
Quick Take South Korean police have arrested 215 people who took part in a crypto investment scheme that led to losses of over $232 million in damages from 15,304 victims. Investigators have specified twelve lead figures in the crypto scheme. It was primarily led by a YouTuber with over 620,000 subscribers. Victims were advised to “sell their apartments” and invest in fraud tokens with everything they had.
Quick Take Consensys-incubated Linea has introduced the Linea Association in the latest step toward decentralizing the network. The Linea Association plans a LINEA token launch in Q1 2025. Consensys also develops the popular non-custodial web3 wallet MetaMask but is yet to confirm any token launch plans for that project.
Quick Take Bitcoin’s correlation with gold has dropped to an 11-month low. Gold prices are down over 5%, while bitcoin has posted substantial gains in the past week. Gold’s decline comes amid a stronger U.S. dollar and rising Treasury yields following Trump’s election. Markets appear to be anticipating inflationary policies that may prompt the Fed to slow rate cuts.
Spot bitcoin ETFs in the U.S. drew in $817.5 million in daily net inflows amid a broader crypto market rally on Tuesday, which has since paused.Bitcoin fell 3.4% in the past 24 hours to currently trade at $86,855, potentially indicating some profit-taking by investors, according to a BRN analyst.
AltLayer has announced the upcoming launch of “Autonome” to accelerate the “Verifiable Agentic Web.”The platform is designed to facilitate the creation, deployment, discovery and distribution of autonomous AI agents.
President elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the Department of Government Efficiency, or “DOGE.”Dogecoin’s market capitalization has soared recently to $60 billion.
Quick Take The Tokyo-listed firm announced today that it purchased an additional 619.7 BTC after it raised almost $61 million through bond issuance last week.
Quick Take Unichain, a DeFi-focused Layer 2 built on the OP Stack and developed by Uniswap, is expected to launch its public mainnet in early 2025. The developers plan to integrate permissionless fault proofs from day one of Unichain’s mainnet launch.
