The Block
Quick Take Retail investors in Hong Kong can get access to tokenized gold via HSBC’s online banking website and mobile app. The HSBC Gold Token is built with the bank’s digital asset platform, HSBC Orion.
Quick Take Munchables saw the return of $62 million in ETH to a multisig wallet. The implicated developer agreed to return the funds and relinquish control of the Munchables assets.
Quick Take The Ethereum co-founder said account abstraction for the network includes both security goals and convenience goals. Buterin also said that the concept of the “metaverse” is still very “poorly defined.”
Quick Take The new network is said to allow users access to any blockchain network with one account. Chain Signatures aims to defragment liquidity scattered across different blockchains.
The pair renamed the original Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF.The U.S. spot bitcoin ETF is expected to invest 95% of its assets in spot bitcoin, according to the announcement.
Quick Take Munchables, a web3 gaming platform based on the Ethereum Layer 2 Blast, lost $62.5 million in one of the biggest exploits of the year. The exploiter’s wallet address contained nearly 17,411 ETH, crypto sleuth ZachXBT found. Munchables reported that the platform had been compromised on the social media platform X.
Quick Take House Republicans asked SEC Chair Gary Gensler to further clarify the agency’s stance on ether in a letter sent on Tuesday. Prometheum wants to offer ether custody, sparking regulatory debate. Classifying ether as security may disrupt markets, lawmakers warn.
Quick Take MicroStrategy’s stock surpassed $1,860 to trade at an all-time high Tuesday, hitting a daily peak of $1,909, according to Yahoo Finance. The record emerged after MicroStrategy added an additional 9,245 bitcoin on March 19, bringing their total to around 214,250 BTC to its treasury, and thus controlling 1% of bitcoin’s total supply.
Quick Take UK Treasury has published a new report on the potential use cases of fund tokenization. The report explores the use of tokens as collateral for money market funds, and the role tokenized funds play in the onchain investment market.
In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the almost $2 billion fine. At issue in the SEC’s proposed final judgment is the direct sales to institutional investors.
