The Block
The GameFi market cap has outperformed the rest of the cryptocurrency sector in the past 24 hours.
Quick Take Eclipse Labs has raised $50 million in Series A funding co-led by Placeholder and Hack VC. The firm is developing an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM), aiming for scalability and composability.
Bitcoin miners remain the best equity proxy to bitcoin as the cryptocurrency heads toward $150,000, according to Bernstein analysts.Recent underperformance from public bitcoin miners represents the last window of opportunity before the halving, with mining stocks set to more than catch up with bitcoin’s price action, the analysts predicted.
Quick Take U.S. Presidential candidate Donald Trump told CNBC he has “fun” with crypto. Trump also said bitcoin is an “additional form of currency.”
Tether is set to launch its USDT stablecoin on Celo “soon.” Celo is an EVM-compatible blockchain that is transitioning to an Ethereum Layer 2 network.
Quick Take The 2D game’s new Web3-enabled version is expected by the end of this year.
MicroStrategy has purchased another 12,000 bitcoins for $821.7 million in cash, increasing its total bitcoin holdings to 205,000 BTC.
Crypto investment products witnessed record inflows last week, adding nearly $2.7 billion globally, according to CoinShares.Year-to-date flows have now reached $10.3 billion — already approaching the record $10.6 billion worth of inflows generated in the whole of 2021.Crypto funds also witnessed record trading volume of $43 billion last week as assets under management also reached new highs of $94 billion.
Coinbase Institutional believes the wider crypto market could potentially struggle against macro and technical factors in the coming weeks.The price of bitcoin pushed to a new all-time high to start this week.
Quick Take Mechanism Capital co-founder Andrew Kang has sold the majority of his Harambe NFT to a newly formed DAO to tokenize it. Kang has been working on this plan for over two years.
