The Block
The U.S. Securities and Exchange Commission issued subpoenas to firms that have dealt with the Ethereum Foundation, Fortune reports.The subpoenas honed in on the Ethereum Foundation, with firms getting the subpoena after Ethereum transitioned to a proof-of-stake consensus model.
The Ethereum Foundation has received a voluntary and confidential enquiry from an unspecified state authority, according to the foundation’s GitHub repository. As a result, the foundation has removed the “Warrant Canary” from its website.
Quick Take Morph has raised $20 million in funding to develop a consumer-focused Ethereum Layer 2 network. The funding round was led by Dragonfly, with participation from Pantera, the Spartan Group and others.
Quick Take The TON Foundation has announced the launch of The Open League — a 30 million Toncoin community rewards initiative. Valued at over $115 million, the distribution will be allocated to competing projects and TON ecosystem users starting next month.
Quick Take Kraken’s platform for institutional investors launched custody services. The move creates competition for Coinbase, which become the custody platform of choice for institutional investors issuing spot bitcoin ETFs.
According to The Block’s halving countdown, Bitcoin’s next halving event, when miners’ block rewards are cut in half, is just a calendar month away. The estimated time remaining would see Bitcoin’s fourth halving arrive on April 20, with the block reward dropping from 6.25 BTC to 3.125 BTC.
Quick Take Anchorage Digital co-founder Diogo Mónica has joined Haun Ventures as General Partner. He will continue to advise Anchorage on hires and strategy.
Quick Take The Android app of Robinhood’s crypto wallet has officially launched. Last month, Robinhood said its crypto revenue jumped 10% year over year to $43 million in Q4 of 2023.
The bitcoin price has climbed back above the $63,500 mark.Market volatility over the past day has resulted in the liquidation of over $150 million leveraged bitcoin positions.
The Grayscale Ethereum Trust discount has slid to its lowest level since November 2023.This comes as pundits become more doubtful that a spot Ethereum ETF will find approval by May.
