The Block
Quick Take Paradigm led a $55 million financing round in zero-knowledge proofs startup Succinct Labs with participation from founders of Polygon and EigenLayer. The startup wants to make ZK proofs accessible to all developers.
Quick Take BitGo CEO Mike Belshe examines the challenges and developments in the crypto custody industry.
Bitcoin remains in ‘overbought territory’ despite the past week’s correction, according to JPMorgan analysts.Last month, the analysts said the bitcoin price would likely drop to around $42,000 after the upcoming halving event.
Quick Take A Telegram game called Super Sushi Samurai saw its LP wallets drained for $4.6 million due to a bug. The bug allowed any user to send all of their funds back to themselves — which would double them.
Quick Take Espresso Systems has raised $28 million in a Series B funding round led by a16z crypto. Espresso is building a marketplace for shared sequencing, enhancing interoperability among Layer 2 rollups.
This opinion piece was written by Frank Chaparro, Host of The Scoop Podcast and Director of Special Projects.The article was first seen in Chaparro’s The Scoop newsletter.
Bernstein has raised its 2024 price target for bitcoin to $90,000 from $80,000.The analysts continue to see Bitcoin miners as the best equity proxy to the cryptocurrency, suggesting the halving impact seems “relatively mild.”
Quick Take U.S. government claims against the FTX estate are expected to total between $3 and $5 billion, according to a court filing on Wednesday. FTX customers, Alameda Research lenders, administrative expenses and non-governmental creditor claims remain priority distributions before any U.S. government or U.S. tax claims are paid.
Coinbase’s Chief Legal Officer, Paul Grewal, argued there’s no valid reason for the SEC to deny Ethereum ETF applications.He cited ether’s historical classification as a commodity and previous SEC statements supporting this.
The real world assets (RWA) market cap now stands at $5.54 billion, an increase of over 31% in the last 24 hours.The memecoin market cap has also increased by over 16% in the past 24 hours, with all of the top five memecoins, apart from Shiba Inu, posting double-digit gains.