The Block
Ethereum Layer 2 Starknet’s 2024 roadmap will see parallel execution introduced in Q2. Cairo Native integration and data availability compression are also among Starknet’s potential updates this year.
Cumulative trading volume for the U.S. spot bitcoin ETFs broke past the $150 billion mark yesterday.The comes amid record net outflows for the spot bitcoin ETFs on Tuesday as bitcoin’s price dropped around 10%.
OP Labs released fault proofs on the OP Sepolia testnet, planning future implementation on the OP Mainnet. Fault proofs serve as security mechanism for Layer 2 networks, enabling users to contest incorrect transactions.
Bitcoin, Ether and other top 10 cryptocurrencies marked large losses as of Wednesday afternoon in Asia.Spot bitcoin ETFs saw the largest overall fund outflow since debut.Two experts pegged Solana fever as a factor behind the price drop.
Quick Take Bankman-Fried’s lawyers said in a filing that U.S. prosecutors are trying to push a “medieval view of punishment” on Bankman-Fried. The sentencing for Bankman-Fried is scheduled for March 28.
Quick Take Grayscale proposed to investors on Tuesday in a “consent solicitation statement” four items, including a creation and redemption process involving cash and the ability to stake Ethereum through the trust. Though the SEC approved spot bitcoin ETFs in January, the road to approval for Ethereum product doesn’t seem likely.
Quick Take Immutable, Polygon Labs and King River Capital aim to raise $100 million for a new gaming fund. The fund has already completed its first close at $30 million, Immutable’s Brendan Ma told The Block.
Quick Take Authorities in the Netherlands indicted Tornado Cash developer Alexey Pertsev, claiming he helped launder over a billion in illicit funds through the crypto mixer. Pertsev awaits trial for charges related to money laundering and other financial crimes on March 26 in the Netherlands.
Quick Take In notices filed on Tuesday, the SEC said it would be extending its time to decide to May for both applications.
