The Block
Bitcoin dipped to $59,889 on April 17 before rebounding to over $60,300 shortly after.Bitcoin’s price fall began after the Fed chair commented that interest rates likely won’t go down for the foreseeable future.The next bitcoin halving event is 336 blocks away, slated to occur on April 19 at 9:44 p.m. ET.
Grayscale’s global head of ETFs, David LaValle, said he’s “100%” confident that exchange-traded funds based on other cryptocurrencies, aside from Bitcoin and Ethereum, will eventually be available to investors.The firm currently manages the GBTC fund, the largest spot bitcoin ETF on the market.
Quick Take Crypto trading card game “Fantasy,” which lets you trade crypto influencers as trading cards, has gone live on Blast mainnet. The project raised $600,000 in a funding round in February.
Quick Take Hidden Road Partners, a Citadel Securities-backed prime brokerage, is on track to raise $120 million as it eyes a roughly $1 billion valuation.
Quick Take BytePlus, the venture technology arm of TikTok parent company ByteDance is partnering with Mysten Labs, the builder on layer-1 blockchain Sui.
Worldcoin will soon have its own Layer 2 blockchain called World Chain. The Layer 2, said to be out this summer, will be owned and governed by the Worldcoin project.
Quick Take Paradigm’s white hat hacker and head of security, Samczsun, announced the launch of SEAL-ISAC, the next initiative of the SEAL Org. SEAL-ISAC allows individuals to share information and connect with experts on crypto cybersecurity threats, attacks and responses.
Sophisticated market participants could make the upcoming bitcoin halving a “buy the news, sell the rumor” event, an analyst said.Bitcoin has recovered alongside major stock indices, despite the Fed announcing that rates could stay higher for longer.
Quick Take Crypto services firm Abra announced Abra Private for private clients and Abra Prime for institutional customers such as hedge funds, venture capital firms and crypto infrastructure companies.
Quick Take Usual Labs raised $7 million in a funding round co-led by IOSG and Kraken Ventures. GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere and others also backed the France-based firm.
