The Block
Quick Take Hey added commercial use, personal use and CC0, or ‘no rights reserved,’ creator license codes for use on Lens. Each let users dictate their content ownership, control its usage and augment how their content’s attribution and revenue sharing works.
Bitcoin dropped below $65,000, despite major stock indices hitting record highs fueled by rate-cut expectations.The bitcoin price correction over the past day led to the substantial liquidation of long positions on centralized exchanges.
Quick Take With “Personal Custody” people signing up for a World ID will no longer be given the option to have their biometric data stored and encrypted. A Tools for Humanity executive said this should give people yet to sign up more “peace of mind.”
Quick Take WisdomTree has been granted a limited-purpose trust company charter by the NYDFS. The charter enables the asset manager to offer crypto-related services in the state of New York, joining firms such as Coinbase, Gemini and Fidelity Digital Assets.
Quick Take Hackers who exploited the Heco Bridge in November have laundered more than 40,000 ether via crypto mixer Tornado Cash over the past eight days, according to PeckShield. The laundered funds are now worth more than $145 million following a rise in the price of the cryptocurrency.
Google now provides balance data from Ethereum Name Service in search results. The data is being provided from Etherscan.
Cathie Wood’s Ark Invest sold nearly 200,000 Coinbase shares on Thursday — worth $52.3 million — as it continues to rebalance its fund weightings. COIN has surged 10% this week, returning from a crypto-related market slump on Tuesday to reach a new yearly high.
Quick Take LayerZero Labs CEO Bryan Pellegrino alleged that Davies offered higher interest rates to lure the company to commit its entire treasury to 3AC days before it collapsed. Davies recently said in an interview that he was not sorry for investors in 3AC that lost money.
Quick Take Montenegro’s Supreme State Prosecutor’s Office said the court’s decision to extradite Do Kwon to South Korea overstepped its authority. Kwon, behind Terra-Luna’s $40 billion collapse of 2022, was arrested in Montenegro last year.
Quick Take Sullivan & Cromwell used “deceptive tactics” to get control of FTX from its former CEO Sam Bankman-Fried, a pair of law professors said in a paper published last week. The academics said it’s possible that Sam Bankman-Fried could have secured new funding if S&C had waited a few more days to file Chapter 11.