DraftKings’ Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
Financial
Optimism Foundation Sells $157M OP Tokens, Citing ‘Treasury Management’
The token sale was described as a “planned event.”
Mt. Gox Pushes Repayment Deadline by a Year
The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.
NFT Platform ImmutableX’s IMX Token Surges 35% With Upbit Leading Volume Growth
The IMX-Korean won pair listed on South Korea’s leading exchange Upbit accounted for nearly 20% of the küresel trading volume.
Vivek Ramaswamy is Drafting a ‘Crypto Policy Framework’
The Republican candidate is second only to Donald Trump in some polls.
U.S. CBDC Efforts Opposed in Legislation Advanced by House Republicans
The House Financial Services Committee approved a bill meant to prevent a U.S. central bank digital currency.
Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
ALSO: Check out our exclusive interview with DYdX founder Antonio Juliano.
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target
Crypto hedge fund Ouroboros Capital says the token could test the $1,600 price level as protocol profits grow.
Understanding the Economics of Ethereum Layer 2s
Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.