The Block
Quick Take A band of cybercriminals has leaked part of the source code and VPN access information for El Salvador’s Chivo Wallet. This latest leak comes several days after the hackers leaked more than 5 million Salvadorans’ personal data.
A new note from Standard Chartered observed a less leveraged bitcoin market, where assets “can now re-trend higher.”The note reiterated Standard Chartered’s year-end target price levels of $150,000 for bitcoin, and $8,000 for ether.
Quick Take Safe co-founder Richard Meissner discusses how account abstraction improves crypto UX.
Quick Take The agency pushed its timeline to make a decision to June 11, 2024, after which the SEC could approve or disapprove or institute proceedings. The SEC also delayed making a decision on a spot Ethereum ETF proposal from Grayscale. Optimism for a spot Ethereum ETF has fallen over the past few months.
Quick Take Prime Intellect raised $5.5 million in seed funding co-led by Distributed Global and CoinFund. The firm is building out scalable decentralized AI development infrastructure. Prime Intellect plans to create a decentralized protocol for ownership over collaboratively trained AI models.
Quick Take Solana DEX aggregator Jupiter has acquired self-custody wallet firm Ultimate Wallet, the two companies announced today. Jupiter is making a mobile push with a beta slated for May.
Quick Take Ethereum Name Service has integrated .box domain names that work with web browsers. The .box domain is a top-level domain included into the ENS manager app, alongside .eth.
Quick Take The Blockchain Association and the Crypto Freedom Alliance of Texas filed a complaint against the regulator on Monday in a Texas district court, accusing the SEC of violating the Administrative Procedures Act — a law that governs how federal agencies develop and issue rules. This lawsuit marks one of a few lodged against the regulator over the past year.
The OP_CAT proposal has formally received a Bitcoin Improvement Proposal number — BIP-420. BIP-420 would enable covenants on Bitcoin, allowing the development of features such as smart contracts, secure bridges and on-chain trading.
The bitcoin halving’s impact on market supply and demand dynamics may take over two months to materialize, analysts say.Some forecast a possible short squeeze in the altcoin and memecoin market.
