The Block
Quick Take Orderly Network said its official Discord channel has been compromised in a warning to users to not click any links. The news comes a few days after the protocol launched its native ORDER token and staking program. An estimated $1.2 billion has been lost to crypto hacks and scams in 2024 alone, according to Immunefi.
Layer 1 blockchain Kaia from Kakao and LINE launches its mainnet and invites Telegram-style apps.IREN posts a record $184.1 million in annual bitcoin mining revenue as its hashrate capacity nearly doubles.Edge Matrix Chain raises $20 million in a funding round led by Polygon Ventures and Amber Group.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Time.fun has raised $3 million from Brevan Howard Digital, Coinbase Ventures and others. Time.fun is a time tokenization platform built on Base.
Quick Take Transak has partnered with Sony to provide fiat onramps for their blockchain project Soneium. The partnership will enable users to employ traditional payment methods to onboard into the ecosystem.
Quick Take It almost seems as if Gary Gensler is actively trying to secure the presidency for Donald Trump. This column is adapted from The Scoop newsletter.
Quick Take The acquisition expands Alchemy’s presence in Europe, and the firm will continue to “invest in Bware’s Romanian presence and team.”
Former President Donald Trump posted to X that later Thursday he would unveil a plan to ensure the United States is the “crypto capital of the planet.” He also tagged World Liberty Financial in the post, a DeFi project his sons have promoted.
The official X account of Kylian Mbappé appeared to be hacked overnight and used to promote a Solana token with the ticker MBAPPE.The account reportedly made a series of bizarre posts around the same time involving Manchester United, Cristiano Ronaldo and Lionel Messi, among more controversial topics.All the posts have since been deleted.
The crypto industry lost a further $15.1 million in August due to exploits — down 95% month-over-month — according to Immunefi.However, August’s figures still see crypto losses exceed $1.2 billion year-to-date.
Quick Take Quai Network has closed a $5 million strategic funding round. Participants include Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures.
