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Kaia Blockchain Launches, IREN's Record Revenue, Trump's Crypto Plans, and More

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#Layer1
$BTC
$KAIA
The Block
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Aug 29, 2024

Today's newsletter highlights several key developments in the tech and crypto sectors. Kakao and LINE have launched their Layer 1 blockchain, $Kaia, which is EVM-compatible and focuses on ultra-fast transactions with low gas fees. IREN has reported a record revenue of $184.1 million from bitcoin mining, marking a significant increase from the previous year. Edge Matrix Chain has successfully raised $20 million to support its multichain infrastructure project. Additionally, Donald Trump has launched his fourth NFT trading card series and teased plans to position the United States as the global leader in cryptocurrency.

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