The Block
The Fidelity Wise Origin Bitcoin (FBTC) saw nearly $23 million moved out of the fund on Thursday, recording a daily net outflow for the first time.Other funds from Ark Invest, Bitwise and Valkyrie also saw outflows, on top of Grayscale GBTC’s $139 million drainage.
Quick Take The venture firm Pantera Capital was the sole investor in an $8 million Series A funding round for the web3 gaming firm InfiniGods. InfiniGods will use the funding to scale its blockchain infrastructure and expand to a global audience.
Quick Take Celsius Loan creditors are actively looking into filing an appeal of Celsius’ reorganization plan as they see lower-than-expected recoveries from the fallen lender’s estate. The group of creditors is talking to several lawyers about filing an appeal premised on two key claims.
The 7-day moving average of the change in USDT held by exchanges reached $568 million — its highest level in a year. This is an excerpt from The Block’s Data & Insights newsletter.
The venture firm Pantera Capital wants to raise $1 billion for a new crypto fund, a source with direct knowledge of the matter told The Block.Pantera Fund V would focus on startup equity, early-stage tokens and liquid tokens among others assets.
Quick Take Americans should not use crypto services from firms that are not registered as Money Services Businesses (MSBs) under federal law, the FBI said Thursday. The FBI also included an official tool from FinCEN to let users look up if a company is registered as an MSB.
Quick Take Scroll in April has spent 837.6 ETH publishing data on Ethereum; all other rollups combined have spent around 820 ETH. This is an excerpt from The Block’s Data & Insights newsletter.
The blockchain and web3 development company behind the well-known MetaMask Wallet filed a lawsuit against the agency on Thursday in a Texas court. The firm also noted in the complaint that SEC staff sent Consensys a Wells notice earlier this month, meaning a formal notice that the agency plans to bring an enforcement action against them.
Quick Take Stripe is enabling USDC payments for customer transactions beginning this summer.
ViaBTC auctioned off an ‘epic sat’ associated with the fourth Bitcoin halving block for 33.3 BTC ($2.13 million) on the crypto exchange CoinEx Global. Only four of these ‘epic sats’ exist thanks to the Bitcoin Ordinals protocol.
