The Daily: Trump endorses a crypto project, FTX-tied former congressional candidate gets charged, Grayscale’s new AVAX fund and more
2024-08-23

It's Thursday! In today's newsletter, we look at Donald Trump endorsing a crypto project, a former congressional candidate with FTX ties getting charged, Grayscale's new investment trust and more.
Let's get started.
Donald Trump endorses a crypto project
Donald Trump has endorsed a DeFi-related crypto project spearheaded by his sons, promoting it on the social media platform Truth Social.
Former congressional candidate with FTX ties charged with unlawful campaign contributions
Former congressional candidate Michelle Bond has been charged with allegedly conspiring in an illegal campaign finance scheme involving funds from an unnamed Bahamas-based crypto exchange.
Grayscale unveils AVAX token trust
Grayscale Investments has launched the Grayscale Avalanche Trust, expanding its portfolio of crypto investment products.
Bitcoin rises following dovish FOMC minutes
Bitcoin traded within a narrow range of $59,900 to $61,000 following the release of the Federal Open Market Committee (FOMC) minutes for July.
Bitcoin restaking platform SatLayer raises $8 million
SatLayer, a Bitcoin restaking platform built on the Babylon protocol, raised $8 million in a pre-seed funding round co-led by Hack VC and Castle Island Ventures.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.