The Block
Quick Take Hinkal has raised a $1.4 million strategic funding round, valuing the crypto startup at $70 million. The funding round was led by Anthony Scaramucci’s son AJ’s investment fund SALT.
Quick Take Euler’s co-founder reveals how last year’s $200M exploit shaped the design of Euler V2.
Significant bitcoin value expectations were not priced into the market prior to the halving event, despite the asset’s price dropping by over 7% in the past week, an analyst said.
Quick Take Two senators cited multiple reports showing an increase in activity of crypto being used in trading child sexual abuse material. Warren and Cassidy asked the Departments of Justice and Homeland Security what additional tools they would need to address the issue.
The Runes protocol has generated over $135 million in transaction fees on Bitcoin within its first week. Runes allows for the minting of tokens, typically memecoins, directly on top of the Bitcoin network.
Quick Take Marathon Digital has raised its 2024 hash rate growth target to 100% following Bitcoin’s halving last week. The firm expects its fully funded hash rate to reach around 50 EH/s by the end of 2024, doubling from the year’s start.
The positioning of bitcoin options aligns with previous halvings, with a bullish skew in the market, an analyst said.The pricing for calls for the end-of-June 2024 expiry is at higher levels than compared to puts, they added.
Quick Take Yao Qian, a former head of China’s central bank digital currency institute, has been put under investigation for suspicion of “serious violations of discipline and law.” The authorities did not specify the reasons for the investigation.
Quick Take Geosyn and its two co-founders allegedly defrauded more than 60 investors by falsely promoting its offerings. The SEC claimed that the two co-founders also misappropriated $1.2 million for personal use.
Quick Take Pantera was among the investors who won the bids for solana tokens at the FTX estate’s auction, according to Bloomberg. FTX’s 41 million locked solana has seen strong demand from institutional investors.
