The Block
Quick Take The Utopia Labs team will join Base to bolster onchain payments within Coinbase Wallet.
Quick Take Ripple Director of Product Jasmine Cooper and Axelar co-founder Sergey Gorbunov discuss advancements in real-world assets (RWAs), tokenization, and interoperability.
Quick Take Sen. Elizabeth Warren confirmed on Wednesday that she would become top Democrat of the Senate Banking Committee. Top leadership in the Senate Banking Committee is influential and could have an impact on future crypto legislation
Quick Take Leading Solana MEV infrastructure protocol Jito experienced downtime early on Wednesday morning, causing base fees on the Layer 1 blockchain to jump. The protocol was quickly brought back to full functionality, the team said on X.
Quick Take President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million
Quick Take The Republican from South Dakota was picked during a closed-door process on Wednesday, according to news reports. Thune helped cosponsor a crypto bill in 2022 called the Digital Commodities Consumer Protection Act or DCCPA.
Quick Take The Senate Banking Committee has jurisdiction over two key agencies — the Securities and Exchange Commission and the Commodity Futures Trading Commission. Senator-elect Bernie Moreno clinched a win against Sen. Sherrod Brown in November.
Quick Take Following the lead of popular prediction platform Polymarket, Crypto.com has launched a “sports event trading product,” which will allow users in the U.S. to wager on sporting events like the Super Bowl. Polymarket, made famous during the U.S. presidential election, has already generated more than $1 billion of wagers attempting to predict which NFL team will win the next Super Bowl.
Quick Take Bitcoin and crypto industry advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Donald Trump. Hegseth recently said Trump is “making bitcoin great again” amid the more crypto-friendly regulatory environment anticipated under his administration.
Quick Take 0G Labs announced $290 million in new funding, which includes a $40 million seed round and a $250 million token purchase commitment. The project will be able to draw from the token commitment once the 0G token is live and liquid on crypto exchanges sometime next year, 0G Labs co-founder and CEO Michael Heinrich told The Block.
