The Block
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.
Quick Take Peregrine Exploration has announced a $3.6 million funding round co-led by Polychain Capital and Dragonfly. The funds will be used to develop a stablecoin protocol called Level. Level aims to be the first stablecoin protocol backed by restaked dollar tokens.
Quick Take The multi-chain infrastructure project has also received funding from investors including One Comma, Kapley Judge and Associated Corporations, and Cyberrock Venture Fund. EMC plans to set aside $5 million in rewards through two stages of incentive programs, with its two-month public testnet incentive program starting on August 17.
