The Block
Quick Take Variational announced raising $10.3 million in seed funding from Bain Capital Crypto, Coinbase Ventures and others. Variational is an Arbitrum-based peer-to-peer crypto derivatives trading protocol.
The U.S. elections could trigger a “Minsky moment” crash for the bond market, analysts at Presto said, heightened by both candidates’ “fiscal extravagance” and rising debt levels.Renowned investor Paul Tudor Jones said he was bullish on bitcoin, gold and commodities amid the risk as “all roads lead to inflation.”
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Bernstein analysts predict bitcoin will reach $200,000 by the end of 2025, calling the forecast “conservative.”
Quick Take Ethereum co-founder Vitalik Buterin said verifying a blockchain should be computationally viable, even on a smartwatch. He said the main issue is that the network requires clients to store hundreds of gigabytes of data to verify blocks. Buterin suggested “stateless verification” as a potential solution for the issue.
Quick Take Amity Ventures led the round, and nine additional angel investors participated. The pre-seed fundraise brings Borderless.xyz’s total funding raised to $3.3 million. The firm plans to use the funds to bolster its geographic coverage by hiring more engineers and to add liquidity to its global stablecoin payments network.
According to CryptoQuant analysts, retail investor activity in bitcoin increased in October and has gained over the past 30 days.This increase in retail demand for bitcoin is happening in tandem with growing institutional interest, analysts said.
Quick Take Vitalik Buterin said Michael Saylor’s recent comments regarding regulated bitcoin custody concerns being mostly from “paranoid crypto-anarchists” were “batshit insane.” Saylor seemed to be explicitly arguing for a “regulatory capture” approach to crypto, Buterin claimed.
Quick Take The Tokyo-listed firm has completed its stock acquisition rights program with participation from 13,774 individual shareholders. The total funds raised amounted to 10 billion yen ($66 million).
