The Block
Quick Take Opening statements in the court case against Mango Markets exploiter Avraham ‘Avi’ Eisenberg began Tuesday morning. Eisenberg’s defense repeats what he has said since taking responsibility for the Mango Markets exploit two years ago: that he enacted a lawful “winning” trading strategy.
Quick Take OpenTrade, a web3 institutional lending and yield products platform, raised $3.2 million in seed funding. a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital are among the participants in the round.
Long-term holder profit taking is tapering off after bitcoin reached its March all-time high above $73,000, according to a Glassnode report.However, the market is in a price discovery phase, where price corrections are historically commonplace, the report added.
Quick Take A16z Crypto released a zkEVM solution named Jolt. Jolt will leverage SNARKs, offering a framework for EVM-compatible roll-ups.
Quick Take Uphold’s new self-custody wallet Vault, which initially supported XRP token, is adding support for Bitcoin.
Quick Take Zeta Markets is set to launch and airdrop 100 million Z tokens. The token launch and airdrop are expected to occur next month, Zeta founder Tristan Frizza told The Block.
Quick Take The community commerce firm KIKI World raised $7 million in fresh funding. a16z crypto, The Estée Lauder Companies’ New Incubation Ventures (NIV) and others backed the round. KIKI World offers users blockchain-based rewards, collectibles and community experiences centered around beauty products.
The top ten memecoins native to the Solana network registered declines over the past 24 hours.Sol, the native cryptocurrency of the Solana network, has fallen by over 3% in the past day.
Quick Take Sen. Elizabeth Warren criticized efforts to advance a stablecoin bill in a letter sent to House Financial Services Committee Chair Patrick McHenry, R-N.C., and Rep. Maxine Waters, D-Calif. on Monday. Ranking Democrats Waters and McHenry have been working on a framework. However, talks over who should be the primary regulator for stablecoin issuers have been in a holding pattern for months.
The SEC has delayed by 45 more days a decision on whether to allow the NYSE to start trading options on spot bitcoin ETFs.Opening the door to options trading on spot bitcoin ETFs could be a big deal for the NYSE.
