The Block
Gnosis Chain developers activated blob transactions to scale dapps on the network. Blob transactions, part of EIP-4844, will be implemented on Ethereum with the Dencun upgrade tomorrow.
Quick Take Paradigm is engaging in discussions to raise more than $200 million in investments for Monad Labs, a layer 1 blockchain project, source familiar with the matter told Fortune.
Quick Take FDIC Vice Chair Travis Hill also brought up the effect of SAB 121 on spot bitcoin exchange-traded funds that were approved by the SEC earlier this year. Lawmakers had said banks wouldn’t be able to be custodians for those ETFs because of the bulletin. The bulletin, released in March 2022, requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.
Quick Take There is a “growing sense of optimism” that Congress will enact a regulatory framework for stablecoins by the end of the year, TD Cowen Washington Research Group, led by Jaret Seiberg, wrote in a note on Monday.
Quick Take Hop DAO completed an on-chain vote to sell 209,251 Arbitrum tokens, a move that will help it pay its moderators and finance its protocol’s operations, as well as research initiatives. The community is pawning off 25% of its ARB holdings to buy USD-Coin.
Quick Take Daily new addresses on Solana have reached an all-time high, according to The Block’s Data Dashboard. The increased network engagement could potentially see Sol reach a new all-time high, according to an analyst.
GCR Senior Strategist Brian Rudick breaks down the trends underpinning the current crypto market rally.
Quick Take BlackRock hired GSR’s Matt Kunke as a director and product strategist focused on iShares digital assets ETFs. Prior to GSR, Kunke worked at JPMorgan and Credit Suisse.
Quick Take The latest funding round was led by Placeholder VC. NFTfi’s total loan volume stands at $534 million to date, the project said on Monday.
Bloomberg ETF analysts have dropped their chances of a spot Ethereum ETF approval in May to 30% from between 60-70%.Market making firm GSR still holds that approval is more likely than not — but is preparing to downgrade its chances of approval if there is no progress over the next month.
