The Block

Quick Take In a new study published by Aleo, the firm found two-thirds of respondents would adopt products which promise to protect user data but only 10% of people have a “a great deal of
trust” in crypto firms. Aleo Ventures executive called the situation “ironic” given blockchain’s ability to improve privacy and security.

Quick Take The Starknet Foundation is implementing optimizations alongside Ethereum’s Dencun upgrade to reduce transaction fees on its Layer 2 network. Starknet developers rolled out version 0.13.1, which will use EIP-4844 post-Dencun — transitioning from calldata to blobs for cheaper data transactions.

Quick Take Modular network project Elixir has raised $8 million in a Series B round co-led by Mysten Labs and Maelstrom. The funding brings Elixir’s valuation to $800 million ahead of its August mainnet launch.

The mini version of GBTC is expected to offer holders additional exposure to bitcoin without having to pay extra taxes, according to its filing.

Cat-themed memecoins have rallied over the past week.AI tokens have risen strongly over the last 24 hours.

BlackRock’s IBIT spot bitcoin ETF has exceeded 200,000 BTC in assets under management after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 420,000 BTC.

Cathie Wood’s Ark Invest offloaded another 270,365 Coinbase shares on Monday — worth $68.7 million.COIN has surged 10% over the past week to reach the highest level since December 2021.

Quick Take The Hong Kong Monetary Authority today announced the launch of the regulatory sandbox following its recently concluded public consultation for a potential stablecoin licensing regime.

Thailand’s Securities and Exchange Commission has permitted firms to launch funds for investing in U.S. spot bitcoin ETFs. The country’s asset management firms are now allowed to offer funds with exposure to spot bitcoin ETFs for institutional investors.

Daily bitcoin mining revenue surpassed its previous 2021 high over the weekend, The Block data showed.