The Block
Quick Take Democratic Senator Elizabeth Warren, famous for her campaign pledge to build an “anti-crypto army,” claimed her opponent would be beholden to the crypto industry that has backed him in the race. Questioning why the Senator was so focused on crypto, Republican challenger John Deaton said, “I wish Senator Warren would attack inflation the way she attacks crypto.”
Quick Take Local police arrested 27 suspects during a special operation dubbed “Secret Word” and seized over HK$200,000 ($25,742) in cash during an onsite raid. The fraud group allegedly lured victims into investing in cryptocurrencies, defrauding them of at least HK$360 million ($46.3 million).
Quick Take Cosmos co-founder Jae Kwon said a significant part of the network’s liquid staking module was developed by North Korean agents, which proceeded under the alleged negligence of Iqlusion’s Zaki Manian. Kwon called for the Cosmos governance community to immediately conduct a comprehensive audit of the LSM.
The Tokyo-listed firm has executed a roll-up transaction of its bitcoin put options, updating the strike price to $66,000 from $62,000.Metaplanet bought an additional 106.976 bitcoin worth about 1 billion yen ($6.7 million) on Tuesday, bringing its total holdings to 855.478 BTC, or about $57.4 million.
Quick Take The former U.S. president’s odds of winning on Polymarket rose to 57.9%, compared to Harris’ 41.8%, as of late night Tuesday. The Polymarket bet on the November election winner has amassed over $1.92 billion in volume so far.
The DeFi protocol has sold about 610 million tokens since the public sale began earlier Tuesday morning.The World Liberty Financial website dealt with multiple slowdowns after the sale went live.
Quick Take Elon Musk’s Tesla has moved over $770 million worth of bitcoin to new addresses, possibly in preparation to sell more of its holdings.
Quick Take Grayscale Investments has filed to convert its mixed-crypto fund containing bitcoin, ether, solana, XRP and AVAX into an ETF.
Quick Take Praxis, which bills itself as the world’s first “Network State,” announced it has secured $525 million to build a tech-forward city that will support the development of crypto, artificial intelligence, energy and biotech. Investors in the round include Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero and Worldcoin co-founder Max Novendstern. The project has previously raised money from Paradigm, Alameda Research and Three Arrows Capital.
Quick Take A new organization called Women in web3 Privacy gives women the tools and knowledge to navigate the largely male-dominated crypto industry.
