The Block
Quick Take Lumoz (formerly Opside) has raised $6 million at a $120 million token valuation. Lumoz plans to launch its token in August, co-founder Jeffrey Yang told The Block.
New memecoin launch and trading platform pump.fun has made $5.2 million in revenue over the last 38 days. Pump.fun claims to enable anyone to deploy an instantly tradable new token without seed liquidity for less than $2.
Worldcoin, the crypto project co-founded by OpenAI CEO Sam Altman, came to fame by offering incentives to create verifiable IDs using its eyeball-scanning Orbs. The TON ecosystem is now being offered something similar — with TON Society and HumanCode teaming up on a Toncoin initiative worth more than $5 million using palm scanning for proof of personhood.
Global crypto funds have hit record annual inflows of $13.8 billion year-to-date, adding another $646 million last week.However, there are signs of “ETF hype moderating,” according to CoinShares Head of Research James Butterfill.
The bitcoin price has climbed back above the $72,000 mark.Market volatility over the past day has resulted in over $152 million in cryptocurrency liquidations.
Quick Take The latest crypto frenzy surrounds swapping trading cards of prominent crypto individuals on Fantasy.top. While the platform is on testnet, it’s coming to mainnet shortly.
Quick Take dYdX has confirmed an outage on its mainnet, with ecosystem engineers currently debugging the issue. The outage has been ongoing since 6:50 a.m. UTC with no fix expected for several hours, according to an incident report.
Quick Take McKenna, a former ROK Capital researcher, and Ilya Paveliev, former head of growth at Haruko, started a crypto investment firm called Arete Capital. The firm launched its first fund on April 1, focused on institutional DeFi and blockchain gaming verticals.
Cathie Wood’s Ark Invest offloaded another 62,615 Coinbase shares on Friday — worth $15.1 million — as the investment firm continues to rebalance its fund weightings.Coinbase shares are currently 5% up in pre-market trading at $252.58.
Quick Take The Solana network is facing congestion, attributed to spam transactions. Solana developers are working on solutions, including software patches and updates.
