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Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• Liquid-staking derivatives are set to arrive in the Cosmos ecosystem, adding to the continued growth of this class of DeFi protocols over the past year
• Exploits continue to plague protocols throughout L1 ecosystems. On Solana, MEV attacks are becoming a growing concern

Here’s how crypto mining companies performed on Thursday, July 7.

The post Bitcoin mining stock report: Thursday, July 7 appeared first on The Block.

Bitcoin mining company Compass Mining is letting go of 15% of its team and cutting senior salaries.

The post Compass Mining cuts staff by 15%, reduces salaries for senior employees appeared first on The Block.

The Treasury has sent the White House a response to Biden’s executive order on digital assets. 

The post Treasury sends Biden framework for international work on crypto over the next year appeared first on The Block.

Projects supported with this feature include Bored Ape Yacht Club, Mutant Ape Yacht Club, Moonbirds, Doodles, Cool Cats, Azuki and Meebits.

The post DeFi lender Teller launches ‘buy now pay later’ feature for Bored Apes and other NFT projects appeared first on The Block.

US federal employees who own digital assets like cryptocurrencies or stablecoins may not work on matters that could impact the value of their assets, according to a new legal advisory.

The post US federal employees with digital assets shouldn’t work on crypto policy, ethics office warns appeared first on The Block.

The Bitcoin mining difficulty has dropped by 1.41%, while the network’s hash rate increased by about 2.4%.

The post Bitcoin mining difficulty falls by 1.41% appeared first on The Block.

Iris energy reported a 27% drop in mining revenue in June month-over-month.

The post Bitcoin miner Iris Energy reports revenues down 27% in June appeared first on The Block.

Quick Take

• Pegaxy is a Polygon-based horse racing game in which players can buy at least one horse NFT and race it against other players.
• Pegaxy’s growth slows down as its dual-token model proves unsustainable due to the strong inflationary pressure of its in-game currency, VIS.
• Its countermeasure against the declining floor price of its horse NFT, Pega, appears ineffective and worsens VIS’s mint-burn ratio.

Hive Blockchain reported mining 278.5 bitcoin and 2,542 ethereum in June.

The post Hive Blockchain reports 278.5 BTC mined in June appeared first on The Block.