The Block

Quick Take This is the second edition in a weekly take on current events in the crypto space and other musings by The Block’s Editor-In-Chief. Today’s topics include Sam Bankman-Fried’s sentence, FTX’s sales of locked solana and upcoming Hong Kong-based Bitcoin ETFs.

Quick Take Well-known crypto trader Jordan Fish, also known as Cobie, has started beta-testing his newly created crypto angel investor platform. The platform, called Echo, is only available to self-certified and qualified investors.

Quick Take Bitfinex resolved a platform outage that temporarily halted trading. The issue was officially resolved at 3:48 am UTC.

Quick Take 2.27 million transactions took place on Base on March 29. Base DEXs set record-high volumes yesterday, with a total 24-hour volume of $657.19 million.

In a public comment letter, Consensys has urged the SEC to consider Ethereum’s positive qualities that — in some cases — are better than Bitcoin’s.

Quick Take A Bitcoin wallet that was inactive for nearly 12 years transferred its 500 BTC to multiple new addresses. The wallet originally received 500 bitcoins on July 14, 2012, when the bitcoin price was less than $8.

Custodia Bank sued the central bank in 2022 for delaying a decision on getting a master account. A judge ruled on Friday that the Federal Reserve does not have to give the bank access to a master account.

Quick Take Multicoin Capital’s hedge fund has returned 9,281% of its value since its inception in 2017. The investment firm’s fund had a 537% increase in returns in 2023, as the crypto market experienced a resurgence.

Quick Take Investment firm 1kx has raised $75 million for a new oversubscribed closed-ended fund, the firm said Thursday in a statement.

Grayscale is launching a “dynamic income fund” for investors with a net worth of over $2.2 million.The fund will invest in proof-of-stake tokens.