The Block
Quick Take Smart contracts are operational on the Stellar network with the rollout of Soroban. A $100 million Soroban adoption fund was established to support its development.
Quick Take Genesis Global Capital agreed to pay a $21 million civil penalty as part of a settlement over SEC charges. Payment to the SEC will only follow the payment of all allowed claims by the bankruptcy court.
Quick Take Sygnum tokenized Matter Labs’ treasury reserves onto the zkSync Layer 2 in the form of Fidelity International’s Institutional Liquidity Fund (ILF) security tokens.
Quick Take S&P Global Ratings ranked USDM’s ability to maintain its peg as “adequate.” The firm looks at numerous criteria to determine this rating, including market risk, reserve funds, robustness of its liquidation method and others. S&P Global Ratings scored other stablecoins such as USDC as “strong” and Tether as “constrained.”
BlackRock Managing Director Tony Ashraf said that spot bitcoin ETFs are satisfying pent-up demand for the asset.He explained three key areas that are driving client demand for the ETFs.
Bitcoin’s price correction of more than 10% over the past week presents a temporary “dip buying opportunity,” according to Bernstein.Analysts at the firm expect further consolidation ahead of Bitcoin’s halving event in April, with the bull market then continuing.
Quick Take Solana co-founder Anatoly Yakovenko discusses the importance of memes and community in crypto.
Bitwise CIO Matt Hougan said that it wouldn’t be ideal for spot ether ETFs to be approved in May.He said Wall Street may need time to digest the bitcoin ETFs before expanding to new ones.
MicroStrategy has purchased another 9,245 bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC.
Crypto exchange and derivatives trading platform BitMEX witnessed a flash crash on its BTC-USDT spot market and is currently investigating the “unusual activity.”The firm said the temporary drop below $9,000 per bitcoin did not impact the platform’s derivative markets or the index price for its bitcoin derivatives contracts.
