The Block
Quick Take Bitcoin Ordinals explorer Ord.io has raised $2 million in a pre-seed funding round co-led by Bitcoin Frontier Fund and Sora Ventures. The fresh capital will be used to help expand the platform to offer support for Runes — a new fungible token standard for Bitcoin launching at the halving.
Quick Take Huma Finance and Arf have merged to improve the adoption of tokenized assets. The combined entity expects to cross $3 billion in on-chain liquidity volume by the end of this year.
“Ragnarok: Monster World” will be the first Web2 gaming IP to debut on Ronin, scheduled for the third quarter of this year, according to the network’s statement. The Ragnarok IP generated games that have seen 167 million downloads globally.
Animoca Brands shared a report that says the company has $558 million in digital assets. The unaudited report also stated Animoca Brands has $291 million in cash and stablecoins.
Centrifuge has raised $15 million in Series A funding led by ParaFi Capital and Greenfield. The company said it will establish a lending market on Coinbase’s Base network.
During an interview with Tucker Carlson, Telegram co-founder and CEO Pavel Durov said he has held a few hundred million dollars in his bank account or bitcoin for 10 years.Durov also predicted that new secure crypto hardware wallet-like communication devices will be created amid privacy concerns.
Quick Take Blockchain research and development organization Nebra said it raised $4.5 million in a combined pre-seed and seed round. Nebra said the newly raised funds will be used to advance the development of the Shared Settlement Layer.
Analysts at Bernstein expect bitcoin’s bullish trajectory to resume post-halving, reiterating their $150,000 cycle target.Bitcoin’s next halving event, when the miners’ block subsidy reward gets cut in half, is now less than three days away.
Parcl has lost 40% of its total value locked since early April, according to DefiLlama data.Other Solana-based airdrop tokens W and TNSR have seen significant declines in value.
Quick Take U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a stablecoin bill Wednesday. The Lummis-Gillibrand Payment Stablecoin Act prohibits unbacked, algorithmic stablecoins, requires issuers to back their tokens one-to-one and implements an anti-money laundering framework.
