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Quick Take

• The Ceramic Network is a decentralized network that supports mutable and composable data streams across an application ecosystem.
• The network infrastructure is centered around user data streams and decentralized identification which allows users to be in full control of their own data while allowing different applications to build features from them.
• Recent investor funding and early project development traction highlight Ceramic Network’s potential to further expand its community of users and ecosystem of applications.

Bitcoin mining company Crusoe has acquired electrical manufacturer Easter-Owens Electric Co in a bid to vertically integrate the company.

The post Bitcoin miner Crusoe acquires electrical manufacturer Easter-Owens appeared first on The Block.

Crypto exchange CoinFLEX has paused withdrawals due to “extreme market conditions and continued uncertainty involving a counterparty.”

The post CoinFLEX halts withdrawals amid ‘extreme market conditions’ appeared first on The Block.

The new device, called Saga, will be available for pre-order starting today and is expected to ship in 2023.

The post Solana’s developers unveil web3-focused mobile phone appeared first on The Block.

Portuguese soccer star Cristiano Ronaldo has signed a multi-year partnership with Binance to launch a series of NFT collections, the cryptocurrency exchange  announced in a July 23 blog post. 

The post Portuguese soccer star Cristiano Ronaldo partners with Binance for NFT launch appeared first on The Block.

The firm cut its withdrawal limits and received a $500 million bail-out package from Alameda Research to shore up its finances after revealing the extent of its exposure to 3AC.

The post Crypto broker Voyager lowers daily withdrawal limits from $25K to $10K appeared first on The Block.

Italian fashion brand Gucci is entering its first decentralized autonomous organization (DAO) through a partnership with non-fungible token (NFT) marketplace SuperRare, CoinDesk reported on Thursday.

The post Gucci buys into SuperRare DAO, eyes new virtual art space appeared first on The Block.

The Bitcoin mining difficulty has dropped by 2.35%, representing the second-biggest single fall this year so far.

The post Bitcoin mining difficulty falls by 2.35 % appeared first on The Block.

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
• A recent liquidity crunch in crypto markets has put the stability of pegged assets to the test. With the spread of stablecoins throughout L1 ecosystems, destabilizing events can now have significant trickle down effects across chains
• Meanwhile, Solana begins a major evolution with the introduction of QUIC and fee markets, and Cosmos ecosystem protocols continue their push for deeper connections with EVM chains

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