The Block
Quick Take Keplr is integrating support for EVM, aiming to strengthen its functionality as a multi-layer wallet solution. This new integration targets to attract a broader user base, especially those active in both the Cosmos and Ethereum ecosystems.
The Tokyo-listed investment firm said it purchased additional 20.381 BTC ($1.27 million).The latest purchase brings its total bitcoin holdings to 245.992 BTC, or about 2.45 billion yen ($15.5 million).
The price of bitcoin broke the $68,000 level during Sunday night trading.Strong bitcoin ETF performance in the U.S. contributed to the cryptocurrency’s gains, BTC Markets analyst said.
Quick Take A Polymarket user betting on Joe Biden to win the Democratic Presidential nomination, race, and popular vote has lost $2 million following the President’s announcement that he is stepping down as his party’s nominee. Another trader scored a 6,000% increase in their initial bet that Kamala Harris would be the nominee.
Quick Take Indian crypto exchange WazirX, following the $230 million exploit it experienced on July 18, has halted trading across its platform. The company has also announced a recovery program, offering up to 10% of the hacked total ($23 million) for recovering the funds and up to $10,000 for assistance freezing the funds. However, evidence suggests North Korea’s Lazarus Group is the attacker, and assets are very rarely recovered from the group’s hacks.
Quick Take President Joe Biden stated Sunday he will not seek reelection in 2024. A memecoin named after him fell drastically in price following the news.
A race between cat-themed memecoins to be the first to surpass $1 billion in fully-diluted value was won by Popcat after a $630,000 buy pushed it over the top.While the Polymarket bet resolved in Popcat’s favor, some traders cried foul following the purchase, though the buyer has denied the purchase was related to the betting market.
Quick Take Decentralized identity startup Fractal ID published a postmortem detailing its recent data breach affecting about 6,300 customers, acknowledging that a compromised employee’s account was used to access internal systems. The employee’s credentials had been stolen using the popular Raccoon Infostealer malware as early as 2022, according to cybercrime intelligence firm Hudson Rock.
JPMorgan analysts say any crypto rebound from here is unlikely to be long-lived.The analysts also expect bitcoin and gold to benefit from a potential second Donald Trump presidency.
Quick Take Ripple’s CEO Brad Garlinghouse expects the company to settle its years-long litigation with the SEC ‘very soon’, according to a recent Bloomberg interview. XRP’s price has increased in recent weeks on speculation of an incoming settlement announcement, possibly following a closed-door SEC meeting next week. The XRP ledger has also seen its highest activity levels and new address creation since March, according to analytics firm Santiment.
