Declines in monthly NFT marketplace volume continued last month as the industry entered Q3 mired in the bear market.
The post July NFT data wrap: Investor interest in gaming, NFTs continued despite market downturn appeared first on The Block.
Bitfarms expanded its energy capacity to 166 megawatts in July. It also sold 1,623 BTC during the month.
The post Bitcoin miner Bitfarms expanded power capacity to 166 megawatts in July appeared first on The Block.
The Securities and Exchange Commission on Monday charged 11 people as part of an alleged $300 million global crypto pyramid and Ponzi scheme.
The post SEC charges Forsage founders, promoters in $300 million crypto Ponzi scheme lawsuit appeared first on The Block.
Cboe’s chief financial officer said on the earnings call that “we believe that our adjustment reflects the reality of the digital asset market environment today, but in no way changes our commitment to the digital asset space.”
The post Cboe reports $460 million write-down on ErisX acquisition appeared first on The Block.
Quick take
- Liquidity for purely on-chain perpetual futures remains generally low.
- Composability of fully on-chain protocols offers competitive advantages, but this edge continues to be inaccessible at scale until liquidity grows.
- Rage Trade attempts to offer deep liquidity through passive vaults while preserving high capital efficiency for LPs.
Layer 1 blockchain Aleo will launch the Aleo Virtual Machine (AVM) on its testnet next week.
The post Aleo to test Virtual Machine ahead of mainnet launch appeared first on The Block.
Quick Take
- Total adjusted on-chain volume decreased by 15.6%, to $416 billion.
- A total of 63,254 Ethereum, equivalent to $83.7 million, was burned.
- Monthly volume of NFT marketplaces on Ethereum decreased, by 26%, to $678 million.
- Centralized exchange spot trading volumes increased by 0.6% to $632.7 billion.
- FTX came in 2nd place for the third time in CEX spot trading volume, ahead of Coinbase, with a share of 9%.
- The open interest in Ethereum options increased by 104.4% to $5.8 billion as the market is positioning for the upcoming ETH Merge.
Europe and Africa are the only two regions to see blockchain venture funding gains in the second quarter of this year.
The post Europe dominates blockchain venture deals in Q2 as growth drops in Asia and the US appeared first on The Block.
The Singapore High Court has granted Vauld three months to continue exploring its options, sources tell The Block.
The post Vauld gets three-month moratorium extension to continue exploring options appeared first on The Block.
The Ethereum community faces the possibility of a miner-led fork that will split the network as it transitions to proof-of-stake.
The post As the Ethereum merge approaches, a key miner is pushing a proof-of-work fork appeared first on The Block.
