The Block
Cumulative trading volume for the U.S. spot Bitcoin ETFs broke past the $200 billion mark yesterday.The milestone comes amid continued net outflows for the funds on Tuesday as bitcoin’s price dropped around 5%.
Quick Take Coinbase and Google Cloud’s cloud divisions have joined EigenLayer as operators after its mainnet launch. Several other firms including Deutsche Telekom MMS, P2P, Nethermind, Figment, Swell and Kiln have also become EigenLayer operators.
Quick Take David Pan, the founder of ACE Exchange in Taiwan, along with six other suspects, has been indicted on charges of money laundering and fraud involving assets worth at least $10.7 million. ACE Exchange stated that he was a former executive and that the implicated wallet service was not associated with the exchange and was developed independently by Pan and an external team.
Quick Take Etherfi oversees $3.8 billion in user deposits, currently leading the liquid restaking (LRT) niche. Other protocols like Renzo, Puffer, Kelp, Swell, and Eigen also hold significant market shares.
Quick Take The team behind Nomic launched a bitcoin liquid staking token (LST) called stBTC through a partnership with Babylon, a bitcoin staking protocol. Babylon will also help dual-stake Nomic’s security by using staked bitcoin and staked NOM, Nomic’s native token.
Quick Take Steven Nerayoff is seeking nearly $10 billion in damages in a lawsuit, alleging federal agents “maliciously” pursued him during a roughly four-year legal battle. Nerayoff was arrested in 2019 for allegedly extorting 10,000 ether from a crypto startup.
Quick Take Studio 369’s open-world shooter game “MetalCore” launched on the blockchain Immutable zkEVM. MetalCore is the first playable game on Immutable zkEVM, but it’s in a closed beta period until April 22.
Quick Take VanEck CEO Jan van Eck told CNBC in an interview posted on Tuesday that he expects the VanEck Ethereum ETF to be rejected in May. Weeks before the approvals of spot bitcoin ETFs, documents were frequently filed reflecting changes presumably sought by the SEC. That’s not been the case for spot Ethereum ETFs.
Quick Take The restaking platform EigenLayer and its data availability layer EigenDA launched on the Ethereum mainnet Tuesday. The move lets restakers delegate their whole stake to their preferred operator and allows operators to decide whether to run an actively validated service (AVS) on EigenLayer.
Quick Take In a hearing on Tuesday, senators aired concerns over bad actors’ use of digital assets, which has been a point of contention over the past year. The hearing gave a glimpse into how lawmakers could plan to shape potential digital asset legislation.
