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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
• New cross-chain protocols continue to emerge, spurred on by persistent demand for interoperability and shared liquidity between chains. Unified strategies between L1s, bridges, and DeFi protocols are proving to be effective at streamlining user adoption
• This week, we take a look at Solana, NEAR, and Polkadot

It was hoped the acquisition would help rank BitMEX as a regular fixture among the top ten crypto exchanges by volume.

The post BitMEX’s planned acquisition of Bankhaus von der Heydt falls through appeared first on The Block.

LayerZero protocol announced a funding round of $135 million, led by Sequoia Capital, a16z and FTX Ventures.

The post LayerZero raises $135 million from Sequoia Capital, a16z and FTX Ventures appeared first on The Block.

Crypto asset manager Hashdex launched a Web3 exchange-traded fund (ETF) today on Brazil’s B3 stock exchange.

The post Crypto asset manager Hashdex goes live with web3 ETF appeared first on The Block.

A longterm crypto investor and founder has announced a run for the Republican nomination to New Hampshire’s Senate seat. 

The post Bitcoiner Bruce Fenton announces run for GOP nomination to US Senate appeared first on The Block.

The SEC is starting the process of putting its foot down on special purpose acquisition companies in the form of a rule change proposal.

The post SEC proposes new rules, heightened disclosures for SPACs appeared first on The Block.

Two committees will vote tomorrow on amendments that take aim at so-called unhosted wallets, potentially blocking EU-based crypto exchanges and service providers from interacting with those whose beneficial owners they cannot identify.

The post The European Parliament is rushing a vote on a new AML law. Here’s what they’ll be voting on appeared first on The Block.

Quick take

• Rollups inherit security from the underlying L1 chain they operate on 
• The ability to advance the rollup state from L1 when L2 nodes are offline is also a defining characteristic of rollups.  
• Arbitrum AnyTrust chains combine elements of rollups and sidechains to create a performant L2 scaling solution with minimal trust assumptions.

A number of fashion-focused virtual events took place last week, including a wide-ranging fashion confab in Decentraland.

The post Inside the first-ever Metaverse Fashion Week appeared first on The Block.

At least 35 NFTs have been stolen due to a widespread phishing attack involving hacked Twitter accounts in the last week.

The post 35 NFTs including Bored Apes stolen via phishing attack in last week alone appeared first on The Block.