The Block
Quick Take Ethena’s USDe stablecoin has crossed the $2 billion supply mark less than two months after its public launch in February.
Cathie Wood’s Ark Invest offloaded another 25,662 Coinbase shares on Thursday — worth $6.4 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest sales come as investment bank and financial services firm Oppenheimer raised its price target for COIN to $276 while reiterating its buy rating.
Quick Take South Korean authorities will release guidelines that set stricter rules for listings on centralized exchanges The crypto listing guidelines are expected as early as later this month.
Sony Bank is conducting a stablecoin proof of concept on the Polygon blockchain.It is exploring ways to adopt stablecoins to the group’s gaming properties.
Quick Take FTX CEO John Ray III, who is overseeing the exchange’s bankruptcy, made $363,825 last month, according to a court filing. Ray’s work over the past month included providing direction on AI-company Anthropic and reviewing documents.
Ethena Labs is backing its USDe synthetic dollar with bitcoin. The move will enable USDe to “scale significantly,” as traders embrace bitcoin, the protocol said.
Quick Take Ellipsis Labs raised $20 million in Series A funding led by the crypto-focused venture firm Paradigm. Ellipsis Labs develops the Solana on-chain order DEX Phoenix, the 8th largest Solana DEX in terms of TVL.
Quick Take In its latest airdrop event, Wormhole initially allocated tokens to wallet addresses that belonged to the exploiter behind its previous hack. The project has now revoked the allocation, according to a source.
Quick Take Brevan Howard Digital and Galaxy Digital have each invested $10 million in Alliance fund III, a source told The Block. According to LP meeting slides obtained by The Block, the fund wants to raise an additional $80 million by July.
Quick Take After a man bought a goat using his worldcoin airdrop, other crypto users have started funding his purchases of more goats. They are typically spending $50 for him to buy a goat and name it whatever they like.
