The Block
Quick Take The total value locked in the decentralized finance ecosystem surpassed $100 billion for the first time in almost two years. Surges in cryptocurrency prices likely caused the high TVL, along with increased interest in restaking and real world assets (RWAs).
Quick Take Shuffle has partnered with the decentralized launchpad Bazaar to help bolster its liquidity bootstrapping pool (LBP). Forming the LBP will occur between March 10 at 5:00 p.m. and March 12 at 5:00 p.m. Shuffle’s partnership with Bazaar also facilitates cross-chain accessibility with users on Ethereum, Base, Arbitrum, Polygon, ZkSync and Optimism.
Bitcoin posted a sharp pullback after surging above $69,000 to hit a new all-time high.The price volatility caused a spike in liquidations, mostly impacting long positions.
Osprey Funds is looking to sell, or merge, its bitcoin trust in order to avoid having to liquidate or dissolve the trust.The firm said “the common units of fractional undivided beneficial interest of the trust are trading at a discount to the value of bitcoin.”
The price of Bitcoin breached its previous all-time high.The market-leading cryptocurrency has grown by around 70% this year.
Quick Take A Montenegro court has canceled the approval of Terraform Labs co-founder Do Kwon’s extradition to the U.S. It is the third time Do Kwon has successfully appealed the extradition process.
Quick Take Institutional crypto platform Utila has raised $11.5 million in seed funding from NFX, Wing VC and Framework Ventures, among others. Utila enables organizations to securely manage their digital assets via a multi-chain non-custodial wallet.
Quick Take: Institutional investors plan to boost their investment in crypto this year, a study has found. Research by Nickel Digital showed that nearly three out of four institutional investors plan to increase their existing investment in crypto and are positive about the sector in the short and long term.
Quick Take: Baanx has reportedly raised a $20 million Series A. Ledger, Tezos, Chiron and British Business Bank led the round.
Frankfurt-based Deutsche Börse has launched a cryptocurrency trading platform for institutional clients.
