The Block
Bitcoin supply on exchanges by long-term investors has fallen to its lowest levels in 18 months, Bitfinex analysts said.Coupled with the supply constraint from the upcoming halving, this dynamic could lead to further price growth, the analysts added.
Quick Take Puffer Finance has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital. This was a SAFT round and brought Puffer’s token valuation to $200 million, co-founder Amir Forouzani told The Block.
Grayscale’s converted GBTC fund is now down 50% in bitcoin holdings since the spot ETFs launched on Jan. 11.GBTC’s market share by bitcoin holdings has fallen to 37% in the same period, with BlackRock’s IBIT and Fidelity’s FBTC the main beneficiaries.
Powerhouse web3 brand Bored Ape Yacht Club has seen the floor price for its once-celebrated NFTs reach its lowest point since August 2021. The floor price has declined by more than 90% from its all-time high, which it hit almost exactly two years ago.
Quick Take Sen. Warren and Sen. Grassley are requesting more information on CFTC Chair Rostin Behnam’s relationship with Sam Bankman-Fried, particularly their correspondence in the months leading up to FTX’s collapse.
Quick Take Offchain Labs launched Bounded Liquidity Delay, or BOLD, on testnet Monday. Initially unveiled in August 2023, BOLD enables permissionless validation on Arbitrum chains.
EigenLayer recently launched on the Ethereum mainnet. One of the main ways to get into EigenLayer is to contribute to securing Ethereum. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take A Nebraska man allegedly stole $3.5 million in cloud computing services to mine $1 million in ether, litecoin, monero and other cryptocurrencies. He faces up to 20 years of prison for wire fraud and money laundering charges related to his purported cryptojacking.
Uniswap crossed the $2 trillion mark in total trading volume on April 5. Uniswap daily volumes climbed over the weekend and continually hit the $3 billion threshold.
Quick Take Action on a stablecoin bill could be possible this summer or in a lame-duck session. This follows House leadership talks with Senate Majority Leader Chuck Schumer, according to a note from TD Cowen. Expectations are still tempered, the investment bank added.
