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Cumulative open interest on Polymarket’s US presidential election market quadruples to over $200 million as vote nears

Cumulative open interest on Polymarket’s 2024 U.S. presidential election market has surpassed $200 million, according to The Block’s data feed. On Polymarket itself, Trump is nearing all-time highs in favorability at over 66% while Harris is at her lowest odds since she took over the ticket.

theblock.co • 29/10/2024 - 14:41 PM

The Daily: Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more

Peter Thiel’s Founders Fund was unveiled as an investor in Infinex’s new “patronage” fundraising model on Monday, as the sale officially closed, raising a total of $67.7 million. The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments. Solana’s leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/10/2024 - 18:19 PM

Rollup development platform Gelato raises $11 million in latest funding round

Gelato raised $11 million in Series A+ funding to expand services for Layer 2 blockchains, aiming to be the leading platform for startups launching rollups.

theblock.co • 28/10/2024 - 14:00 PM

The Daily: Denmark proposes taxing unrealized crypto gains, Kraken plans 'Ink' Ethereum Layer 2 launch and more

Denmark proposes taxing unrealized crypto gains; Kraken launches Ink Layer 2; Base enhances decentralization; Stokr raises funds for bitcoin treasury; Saylor supports self-custody.

theblock.co • 24/10/2024 - 17:37 PM

Arbitrum-based crypto derivatives trading protocol Variational raises $10.3 million in seed funding

Variational, a crypto derivatives protocol on Ethereum's Layer 2, raised $10.3 million. Plans include launching mainnet and token in 2024-2025, expanding beyond Arbitrum.

theblock.co • 23/10/2024 - 14:30 PM

The Funding: Why Trump-linked crypto project World Liberty Financial flopped

World Liberty Financial connects to Trump, aiming for $300 million in token sales but only achieves $13.5 million, raising concerns about viability, founder credibility, and project issues.

theblock.co • 20/10/2024 - 21:13 PM

EthOS introduces dGEN1 hardware device for Ethereum onchain interactions

Ethereum's ethOS launches dGEN1, a mobile device for on-chain dapps featuring a browser, wallet, and light client, available for preorder at 0.2 ETH, shipping in 2025.

theblock.co • 18/10/2024 - 07:57 AM

zkPass raises $12.5 million Series A at $100 million token valuation

zkPass raised $12.5 million in Series A funding to enhance its zero-knowledge proof protocol for secure data verification, totaling $15 million raised to date.

theblock.co • 17/10/2024 - 15:00 PM

The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

Binance Labs invests in Bitcoin liquid staking platform Lombard

Binance Labs invests in Lombard Finance, a Bitcoin liquid staking platform, aiming to expand LBTC access across blockchains and enhance DeFi participation.

theblock.co • 16/10/2024 - 14:00 PM

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