The Block
Cathie Wood’s Ark Invest offloaded another 77,561 Coinbase shares on Thursday — worth $20.4 million — as the investment firm continues to rebalance its fund weightings.Ark’s Venture Fund also invested in OpenAI for the first time — the artificial intelligence firm led by Worldcoin co-founder Sam Altman.
An Aave fork on Blast unexpectedly updated its liquidation threshold, causing a large swatch of liquidations.
Quick Take Gopax’s revenue grew 97% year-over-year amid recovering market sentiment. Most of Gopax’s net losses stemmed from GoFi-linked debt, which came from deposits stuck in Genesis Global Capital. Binance, its major shareholder, is looking for ways to readjust its position in the South Korean exchange.
Fund issuers working in collaboration with HashKey have finalized relevant infrastructure for potential spot bitcoin exchange-traded funds.HashKey has yet to disclose the asset managers it is working with.Hong Kong may approve the first batch of spot bitcoin ETFs as early as next week, according a Reuters report.
EigenLayer has introduced six new actively validated services with the stage 3 mainnet launch. The AVSs are AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio, which will be secured via restaking.
Quick Take Anza, Solana’s development and client team, deployed a congestion fix (via version 1.18.11) to the devnet. The team asked that testnet validators implement this patch before mainnet deployment.
Quick Take Mike Schmidt, co-founder of Brink, claimed that he was served with a subpoena to provide information about attendees at a 2022 Bitcoin core developer event. Dashjr alleged in January 2023 that he lost over 200 BTC due to a hack.
JPMorgan analysts warn of potential downside risk as crypto venture capital funding remains “subdued” this year despite market rebound.Separately, the analysts reiterated that they believe the SEC will eventually approve spot Ethereum ETFs.
Legal experts say the SEC’s move to sue Uniswap down the road was predictable, but argue the agency’s action marks more to come for DeFi. The SEC’s Wells notice to the DeFi exchange comes as the agency weighs a rule proposal that would loop in those firms.
Solend’s token rose by as much as 44% and inflows hit their highest daily level since 2022. Founder of the Solana-based DeFi protocol took to X to criticize MarginFi publicly.
