The Block
Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.
Quick Take Dune, the crypto analytics platform, made three major announcements at DuneCon in Bangkok on Monday morning: the launch of its Echo platform with real-time multi-chain analytics, the acquisition of blockchain simulation company smlXL, and the launch of a new metric designed to track meaningful blockchain adoption. The amount Dune paid for smlXL, backed by a16z, was not disclosed.
Quick Take Infinex, founded by Kain Warwick, has inked a partnership with Near Foundation to integrate Near Chain Signatures into the platform.
Quick Take Alameda filed a lawsuit against Aleksandr Ivanov, the founder of Waves, to recoup assets worth $90 million previously deposited with Vires. The FTX estate has filed more than 20 lawsuits against various entities over the past few days to claw back funds.
Quick Take The organization behind the Ethereum Naming Service announced today that it is building its own Layer 2 network called Namechain. Namechain is designed to prioritize interoperability and allow users to start ENS from “any L2 network.” Namechain’s launch is expected around the end of 2025.
Quick Take Your chance to share your creativity and shape the future of the web.
Quick Take Web3 investor and ex-ParaFi Capital partner Santiago Roel Santos announced the launch of Inversion Capital, a new private equity fund designed to acquire traditional businesses and transform their operations by adopting crypto.
Quick Take FTX has filed some 25 lawsuits seeking to claw back funds from various individuals that received funds from FTX, including Anthony Scaramucci, the team behind StoryBook Brawl, an exploiter who siphoned hundreds of millions of dollars from FTX, and the head of a bank that received a massive investment. The exploiter, despite allegedly profiting hundreds of millions of dollars from FTX while it was in operation, filed a bankruptcy claim with his personal information for $13 million stranded on the
Quick Take Over the past 30 days, The Block’s DeFi index has surged by ~102%. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take In his “Digital Asset Framework” published on Friday, MicroStrategy founder Michael Saylor supports the idea of creating a strategic bitcoin reserve to help eliminate the national debt. The document also argues for creating a universal taxonomy and set of industry standards for the wider crypto industry.
