Here’s how crypto mining companies performed on Wednesday, August 3.
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Ryan Salame is a familiar face on the campaign trail with Michelle Bond. He’s also funding a super PAC that has supported her campaign.
The post Crypto booster Michelle Bond is running for Congress — with help from her FTX exec boyfriend appeared first on The Block.
Riot’s bitcoin production fell in July as it powered down amid extreme temperatures in Texas. However, the miner earned $9.5 million in power credits.
The post Riot mined 28% less bitcoin in July and earned $9.5 million in power credits appeared first on The Block.
Quick Take
- Immutable X is an NFT layer-2 scaling solution that aims to provide gasless transactions and solve the fragmented liquidity in the current NFT marketplace landscape.
- To address the liquidity issue, Immutable X has implemented a global order book, where liquidity is shared among the marketplaces on its platform.
- However, Immutable X has a 2% trading fee, whereas a third-party NFT marketplace would have to add taker or maker fees on top of it.
- To offer competitive trading fees on Immutable X, third-party marketplaces are likely to engage in a price war or would eventually internalize the take rate themselves.
A potential hacker has drained funds from ZB.com’s hot wallet, according to security firm PeckShield.
The post Crypto exchange ZB.com loses $4.8 million after halting client withdrawals appeared first on The Block.
Yi He will lead Binance Labs’ global strategy and day-to-day operations, and will target investments in sustainable, disruptive web3 projects.
The post Binance co-founder Yi He to lead VC arm Binance Labs appeared first on The Block.
Quick Take
- Michael Saylor to step down as CEO of MicroStrategy and assume role of Executive Chairman, while Phong Le, current President & CFO, will become CEO and President effective August 8, 2022
- MicroStrategy closed August 2, 2022, at $278.26 / share but traded down to $273.87 / share in after hours trading
- +16% rally in August 3, 2022 intra-day trading as of this writing
- Reported Q2’22 sales of $122mm and EPS of ($94.01) missing consensus of $123mm and ($1.23), respectively
- Bitcoin holdings hampered by 2022 digital asset winter and market turmoil
- 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.
MicroStrategy stock rose as much as 15% on Wednesday following its earnings announcement.
The post MicroStrategy stock jumps around 10% following earnings revelation appeared first on The Block.
Venture capital firm Aglaé Ventures is set to launch a €100 million fund dedicated to investing in crypto startups.
The post Arnault-backed VC firm Aglaé Ventures to launch €100 million web3 fund: sources appeared first on The Block.
The bill’s support is bipartisan, but its fate in the broader Congress — particularly committees overseeing the SEC — is uncertain.
The post Senators introduce bill establishing CFTC regime for crypto exchanges appeared first on The Block.
