The Block
Quick Take The privacy protocol said the claim of its use by North Korean hackers was a “mistaken, false allegation in the first place.” Railgun’s token price surged over 123% after Vitalik Buterin noted its privacy benefits on Monday.
GBTC outflows once again overpowered inflows into other spot bitcoin ETFs.Volumes and flows have relaxed since their early March peaks.
Gold has continued to surge to record highs, boosted by geopolitical tensions.This is an excerpt from The Block’s Data & Insights newsletter.
This past weekend, assets dipped as traders briefly recalibrated their portfolios amid the conflict in the Middle East.Most assets seemed to have hit a relative bottom towards the end of Saturday.This is an excerpt from The Block’s Data & Insights newsletter.
Pseudonymous contributor to Ore, @HardhatChad, took to X to announce the project would pause mining amid increased congestion on the Solana network. He also said that v2 of Ore should be ready in the coming weeks.
Ether derivatives market conditions could amplify the asset’s near-future price movement, analysts say.Ether risk reversal trades suggest a pessimistic expectation regarding the asset’s short term price performance, analysts added.
Quick Take Under a new PayPal policy, effective May 20, NFT purchases will no longer be backed by the company’s buyer protection program. In addition, NFT sales worth more than $10,000 will not be protected against false claims and chargebacks.
Drift, a Solana-based DEX protocol, is set to launch its token and airdrop 100 million DRIFT tokens to users. The token launch and airdrop are expected to occur in the coming weeks, Drift co-founder Cindy Leow told The Block.
Quick Take CVEX has raised $7 million across two funding rounds. The funds will support the roll out of the decentralized protocol’s mainnet this summer.
Quick Take SendingNetwork has raised $7.5 million in new funding from Nomad Capital, Symbolic Capital, Balaji Srinivasan and others. The DePIN project aims to decentralize online communications.
