The Block
Quick Take Galaxy Digital reported $302 million of net income for the fourth quarter of last year — a 421% increase compared to Q3. The company also said it had registered a before-tax income of “approximately $300 million” through the end of February.
Quick Take Outlier Ventures and the National Technology Development Program of Saudi Arabia have announced the launch of a web3 accelerator program. The program aligns with the Saudi Vision 2030 plan for technological and economic diversification.
A Bitcoin address that has been dormant since 2019 moved $6 billion of bitcoin over the weekend. It’s unclear who owns the address and it doesn’t appear to be affiliated with an exchange.
Quick Take MyPrize has emerged from stealth with $13 million in two funding rounds. The online crypto casino has reached a $140 million pre-launch valuation.
Quick Take Bloomberg Senior ETF Analyst Eric Balchunas believes that the odds of an ether ETF garnering approval are “a very pessimistic 25%.” Others view the lack of engagement as expected and indicative of neither a positive nor a negative outcome.
Cathie Wood’s Ark Invest offloaded another 74,291 Coinbase shares on Monday — worth $20.8 million — as the investment firm continues to rebalance its fund weightings.COIN surged nearly 10% yesterday as bitcoin bounced back above $70,000, despite U.S. stocks drifting lower.
Grayscale’s Chief Legal Officer believes a spot ether ETF “should be approved.”Craig Salm explained that a lack of SEC engagement isn’t necessarily a signal in either direction.
Spot bitcoin exchange-traded funds experienced a total net inflow yesterday.Fidelity’s FBTC received the highest single-day net inflow.
Quick Take One South Korean citizen posted a petition to the country’s National Assembly, asking for a delay in the taxation of crypto gains. Legislators are mandated to review the matter if it reaches 50,000 signatures.
Base saw a significant increase in total value locked (TVL), reaching nearly $1 billion. The TVL has doubled from the amount recorded at the beginning of March, which was $470 million. Nearly half of Base’s TVL is attributed to Aerodrome, contributing $424 million.
