The Block
An Injective governance proposal approved the INJ 3.0 tokenomics system. The changes reduce INJ’s minting properties and adds new parameters to increase INJ’s deflation fourfold, according to the proposal.
Quick Take Bitcoin mining pool ViaBTC is auctioning the “epic sat” after mining the Bitcoin halving block and setting aside 40.75 BTC ($2.6 million) in rewards. The first satoshi mined in the first block of each halving epoch is dubbed an “epic sat” due to its potential collectible value via the Ordinals protocol.
Quick Take Talos has acquired Cloudwall to expand its crypto portfolio management system. Cloudwall is Talos’ second acquisition and follows the D3X Systems deal last year.
The governance token of Safe Protocol has now become transferable. The token currently has a fully diluted valuation of over $2.8 billion.
Two executives of the bitcoin mining rig maker intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued.”Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022, according to its annual report released last week.
While spot bitcoin ETFs saw net outflows prior to Bitcoin’s block-reward halving, they have since resumed net inflows.FBTC was the biggest winner yesterday — bringing in a net $34.83 million.
Quick Take The total value locked on Ethereum restaking protocol EigenLayer has surpassed $15 billion. EigenLayer recently allowed actively validated services to come online.
Arkham Intelligence found that millions of dollars in cryptocurrencies are unclaimed in various bridge contracts. It urged all individuals involved to revisit their transaction histories and bridge activities to ensure that all assets are accounted for.
Venezuela’s state-run oil company PDVSA is increasingly using USDT in oil transactions to avoid U.S. sanctions, Reuters reported. Due to issues with trade compliance rules, USDT trades in oil rely on working with middlemen, a source told Reuters.
Quick Take Ripple Labs said it should pay closer to $10 million in fines compared to the proposed $2 billion lodged by the SEC last month. Ripple Chief Legal Officer Stuart Alderoty said the SEC’s request was evidence of “its ongoing intimidation” against crypto.
