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Quick Take

• Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion
• On October 17th, Aptos Labs announced the successful launch of the Aptos mainnet that had been conducted several days earlier on October 12th
• Following consecutive announcements from major exchanges for the spot market listing of the Aptos network’s native APT token, considerable attention became directed toward the absence of information on APT token economics
• In this piece we take a detailed look at the latest updates to APT token supply and emission

Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

Silvergate Capital shares were down following the company’s third-quarter earnings release early Thursday.

The post Silvergate Capital stock falls on Q3 earnings report appeared first on The Block.

A German court brought charges of money laundering, fraud, and banking crimes against associates of fugitive OneCoin founder Ruja Ignatova.

The post German court prosecutes former OneCoin associates appeared first on The Block.

Quick Take

• Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
• Chiru Labs has launched an open-source token standard that bridges the physical and digital worlds.
• Coined Physical Backed Token (PBT), the standard integrates a cryptographic chip that allows for a more persistent physical-digital product link.
• This initiative could reinvigorate its decaying business model that has taken a hit from vanishing royalty revenues.
• Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

Stardust raised $30 million in a funding round led by Framework Ventures.

The post Crypto gaming infrastructure platform Stardust raises $30 million: Bloomberg appeared first on The Block.

Avalanche’s Banff upgrade has given subnet creators more customization and control over their own ecosystems.

The post Avalanche subnets can now let validators stake using the subnet’s token appeared first on The Block.

Time is running out for lawmakers to pass a stablecoin bill before Congress dissolves in January.

The post Stablecoin bill is ‘not happening this Congress’ says Rep. Himes appeared first on The Block.

Quick Take

• Founded in 2018, TaxBit provides crypto tax and accounting solutions for retail and institutional clients (greater focus on providing up-to-date institutional products for public and private sector clients)
• TaxBit announced its $100 million Series A round in March 2021 and its $130 million Series B round (at a $1.33 billion valuation) in August 2021
• TaxBit and other service providers are waiting for additional clarification on the scope of the new crypto provisions (i.e., November 2021 Infrastructure Investment and Jobs Act) – anticipating stricter regulations in the future, TaxBit has been strategically positioning itself to meet the reporting needs of large international companies active in the crypto space, both in the U.S. and abroad
• TaxBit is continuing to invest and build its Corporate Accounting Solution (CAS) and its government-focused business alongside international expansion

Quick Take

• The Block Research analyzed a total of 546 blockchain-related investment deals in Q3’22 to identify which crypto funds have been the most active
• The top 10 investors have remained relatively unchanged, with FTX Ventures, Hashkey Capital, and KuCoin Ventures replacing Shima Capital, Dragonfly Capital, and a16z.
• Most active investors have collectively scaled down investment (-29% since Q2; -45% since Q1) which is in line with the rest of the venture capital market
• NFTs/Gaming and DeFi categories remain the most popular, although Infrastructure and Web3 share has increased

The European Commission announced that the European Union’s member states must prepare to halt crypto mining “in case there is a need for load shedding in the electricity systems”, according to an action plan on digitalizing the EU’s energy system released on Tuesday. With the war in Ukraine adding stress to energy supplies in Europe, […]

The post EU Commission warns crypto mining may be halted in energy emergency appeared first on The Block.