The Block
Quick Take The NFT marketplace Magic Eden launched a new platform for Bitcoin Runes. Magic Eden’s Runes Platform, in beta, lets users swap for BTC and buy Runes and Ordinals with their Magic Eden wallet.
Web3 infrastructure provider Ankr has launched the public testnet for its AI-focused Layer 1 blockchain, Neura. Ankr Network’s ANKR token will act as Neura’s native cryptocurrency, with a mainnet launch anticipated later this year.
Quick Take GatlingX has developed GPU-EVM, claimed to be the most performant Ethereum Virtual Machine in development. It will leverage GPU chips to perform large EVM operations in parallel, greatly enhancing transactional throughput.
Benchmark has given Hut 8 a share price target of $12, the current share price is $8.05.The investment banking firm’s Monday research note also gave the bitcoin miner a Buy rating.
cLabs, the core developer of the Celo blockchain, has proposed developing its Layer 2 chain using the OP Stack. After evaluating various scaling technologies over an eight-month period, the firm chose OP Stack for development.
Global crypto investment products witnessed a further $206 million in net outflows last week.Expectations the Federal Reserve is likely to keep interest rates at higher levels for longer fueled the outflows, according to CoinShares.
Bitcoin is experiencing a “DeFi summer” moment akin to Ethereum’s in 2020 amid the launch of a new token protocol called Runes, analysts at Bernstein said. Bitcoin miners generated over $100 million in rewards on April 20, with around $80 million just from transaction fees alone.
Quick Take The Thai SEC said this will help prevent criminal use of crypto for money laundering. Thailand has been making moves to become more crypto-friendly.
Bitcoin has recovered above the $66,000 mark in early trading on Monday as broader market caution dissipates.The digital asset has rebounded from losses suffered in the lead-up to the halving — impacted by geopolitical tensions.
Shiba Inu has raised $12 million via the TREAT token to develop its new privacy-focused Layer 3 blockchain. Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings and Shima Capital.
