The Block
Quick Take 21Shares has launched a Toncoin staking exchange-traded product. Toncoin surged to an all-time high this week following Telegram integration.
Quick Take The next few months of developing a new public blockchain with Sony is a “very important” phase for the company, Astar founder Watanabe said. Watanabe also emphasized that the business aspect of blockchain is making society more web3-friendly.
For professional investors, “3% is the new 1%” bitcoin allocation, according to Bitwise CIO Matt Hougan.Hougan said net inflows into the U.S. spot Bitcoin ETFs are indicative of long-term sustained demand that will “continue for years.”
Quick Take The FCA said that so-called “finfluencers” must have approval from an FCA-appointed representative prior to advertising or posting memes about financial products and services.
Fetch.ai, SingularityNET and Ocean Protocol have entered into a definitive agreement to merge tokens.The proposed merger, pending governance approval, would see the respective tokens combined to create ASI with a fully diluted value of around $7.5 billion.
Quick Take DePIN Layer 1 blockchain project peaq raised $15 million in a pre-launch funding round led by Generative Ventures and Borderless Capital. The funding will be used to expand the peaq ecosystem of decentralized physical infrastructure networks ahead of a public offering and mainnet launch.
An unknown individual or entity consolidated 2,000 bitcoin that they received as mining rewards in 2010. While this amount of bitcoin was worth $600 when it was mined, it would fetch just shy of $140 million at current prices.
Quick Take Coinbase will store more client USDC on Base to take advantage of lower fees and faster settlement times. Base’s TVL has increased to over $1 billion.
Quick Take Rollup platform AltLayer has enabled the staking of native ALT tokens. The project initiated the phased launch of MACH Alpha, a fast finality service for rollups.
Total net inflows into spot bitcoin ETFs were higher than in two weeks yesterday.Fidelity’s product saw the most significant net inflow.Grayscale’s GBTC continues to see large outflows as its discount to NAV trends toward parity.
