The Block
Quick Take The regulatory sandbox will let issuers test out stablecoins in a controlled environment supervised by regulators, Hong Kong’s financial secretary Paul Chan said.
Quick Take Bankman-Fried’s defense attorneys said the court should consider his morality and philanthropic dedication when giving the prison sentence.
Quick Take: Polygon zkEVM’s Jordi Baylina said data availability costs are a hurdle for rollups, which EIP-4844 could mitigate. Baylina forecasts a significant increase in data capacity for Ethereum rollups post-EIP-4844.
Quick Take: Pantera Capital said it invested in decentralized lending protocol Morpho. Pantera highlighted Morpho’s emphasis on user-controlled risk assessment.
Quick Take Social media platform Lens has transitioned to a permissionless phase. This means that anyone can mint an on-chain profile and join the platform.
Quick Take Uniswap revealed three new tools to facilitate easier transactions on the platform. The tools are a limit order engine, data and insight pages and a browser sidebar wallet extension. The first two go live today, while users must join a waitlist for Uniswap Extension to gain access to it in four to six weeks.
Benchmark has initiated coverage of MicroStrategy with a buy rating and price target of $990.The price target is based on a projection that bitcoin will reach $125,000 by year-end 2025.
The weekend share of bitcoin trading volume is currently at the lowest level on record — just 13% — according to Kaiko analysts.The growing traction of spot bitcoin ETFs suggests the gap between weekend and weekday trading could deepen further as market structure changes, they said.
Quick Take Arweave released the public testnet for Arweave AO, a scalable blockchain network built on its data storage platform. The team makes lofty claims that the network is more scalable than any existing blockchain — but it’s yet to be seen.
Quick Take Colosseum’s Clay Robbins and Matty Taylor breakdown the role their accelerator plays in the Solana ecosystem.
