The Block
Quick Take: The SEC said it was extending the time period to make a decision on whether to approve, disapprove or institute proceedings for to list and trade options on BlackRock’s spot bitcoin ETF until next month.
The bitcoin price has held above the $67,000 mark, posting a muted 1% increase in the past 24 hours.The largest digital asset by market capitalization climbed alongside equities ahead of Fed Chair Jerome Powell’s U.S. Senate Banking Committee testimony.
Quick Take Since 2015, chemical shops with suspected narcotics links received $250 million in cryptocurrencies, according to a Chainalysis report. The report claims to have uncovered thousands of wallets tied to illegal drug ingredient producers.
Quick Take Terraform Labs co-founder Do Kwon will be extradited to South Korea, a Montenegro court ruled Thursday. The move comes after a Montenegrin court overturned a prior decision regarding Kwon’s extradition to the United States.
Bitcoin call options are concentrated at a strike price of $70,000 ahead of Friday’s end-of-week and March’s end-of-month expiry, according to Deribit data.The put-call skew ahead of Friday’s end-of-week and March’s end-of-month bitcoin options expiry is a bullish indicator for the market, an analyst said.
Arkham Intelligence claims it has identified the Bitcoin addresses associated with Tesla and SpaceX’s holdings.The addresses hold a combined 19,794 BTC, currently worth over $1.3 billion.
Quick Take Cosmology has raised $5 million in a seed funding round led by Galileo and Lemniscap. It provides a full-stack development environment focused on the Cosmos ecosystem.
Quick Take: Billing it as the first Ethereum Virtual Machine rollup “capable of achieving true composability across Cosmos and Solana,” Injective launches inEVM on mainnet. With inEVM, Injective wants to establish a network of “Electro Chains,” aimed at expanding its Layer 2 ecosystem and enhance interoperability with other blockchains
Lack of yields from potential non-staking Ethereum ETFs could diminish the attractiveness of such products, BitMEX analysts opined.
Tokens based on U.S. President Joe Biden, such as Jeo Boden, have surged in price on the Solana blockchain.A memecoin class of misspelled celebrities is starting to emerge.
