The Block
Quick Take Cysic will accelerate ZK proof generation for Scroll’s Layer 2 system. Founded in August 2022, Cysic raised $6 million in February 2023.
Quick Take Spot bitcoin ETFs in the U.S. recorded net inflows of $555.8 million on Monday, their largest total since June 4. Fidelity’s FBTC led net inflows with $239 million. Spot ether ETFs in the US saw smaller net inflows worth about $17 million.
Sui Foundation stated that no insider participated in the recent $400 million sale of Sui tokens on the open market.The Foundation said the wallet likely belongs to an “infrastructure partner” who owns tokens under a lockup schedule.
Quick Take The banking giant was fined over $3 billion for violations related to the Bank Secrecy Act and money laundering — the largest fine ever imposed under the act. TD Bank allegedly facilitated millions worth of suspicious crypto activity for an unnamed company, referred to as “Customer Group C” in FinCEN’s report.
Quick Take Sen. Bill Hagerty’s bill could serve as an outline for regulating stablecoins in 2025, TD Cowen said in a note on Monday. Last week, Hagerty unveiled a discussion draft of legislation to create a regulatory framework for stablecoins.
Donald Trump-backed World Liberty Financial claims to have generated over 100,000 whitelist signups and adds Paxos co-founder Rich Teo to the team ahead of its public token sale.Vice President Kamala Harris vows to support a crypto regulatory framework in a plan to support Black men.Global crypto investment products saw $407 million in net inflows last week, driven by a political shift toward Republicans ahead of the U.S. election, according to CoinShares Head of Research James Butterfill.The following art
Quick Take Tether CEO Paolo Ardoino said his company is exploring commodities trading and TradFi opportunities. Ardoino also said that such activity would be separate from, and have no impact on, Tether’s stablecoin business.
Quick Take The bitcoin open interest (OI) weighted perpetual futures funding rate has reached a multi-month positive high, indicating potential short-to-medium-term bullish sentiment, an analyst said. Amid heightened market volatility over the past 24 hours, there have been over $93 million worth of bitcoin liquidations—mostly short positions.
Hyper Foundation announced it will be issuing HYPE, a native token HYPE ahead of HyperEVM’s launch on mainnet.The date for the airdrop was not given.
Quick Take The plan on Monday said that the Democratic presidential candidate “appreciates the ways in which new technologies can broaden access to banking and financial services.” Harris’ comments comes less than a month out before the U.S. presidential election.
