The Daily: Trump-linked DeFi project looks to raise $300 million, Uniswap Labs unveils Unichain Layer 2 and more

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Happy Thursday! In today's Daily, the Donald Trump-linked World Liberty Financial DeFi project looks to raise $300 million at a $1.5 billion valuation, Uniswap Labs unveils its Ethereum Layer 2 Unichain, Optimism rolls out another airdrop and more.

Meanwhile, the SEC charges Cumberland DRW with acting as an "unregistered dealer" in crypto transactions.

Plus, blockchain sleuth ZachXBT's doxxing of "memecoin supercycle" promoter Murad Mahmudov's wallet addresses sparks debate in the crypto community.

Let's get started.

World Liberty Financial plans to raise $300 million at a $1.5 billion valuation through an initial token sale next week, according to a roadmap obtained by The Block, though that could be subject to change.

Uniswap Labs is building a custom Ethereum Layer 2 called Unichain, joining Optimism's Superchain network of blockchains using the OP Stack for scalability and interoperability.

Ethereum Layer 2 network Optimism rolled out its fifth airdrop on Thursday, distributing 10.3 million OP tokens, valued at around $16 million, to 54,700 users.

Around 7,000 ETH linked to the PlusToken Ponzi scheme, worth $16.7 million, was moved to crypto exchanges on Thursday morning, signaling the intent to sell what remains of ether seized by Chinese police, according to OXT Research analyst ErgoBTC.

Ubisoft, the gaming giant behind the hugely popular Assassin's Creed franchise, is launching its first crypto video game, "Champions Tactics," on PC from Oct. 23, featuring NFTs as collectible in-game assets.

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.

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