The Block
The price of Worldcoin’s WLD token dropped about 5% amid news that Elon Musk has sued OpenAI and Sam Altman.Worldcoin’s WLD token has emerged as a proxy bet on OpenAI in the crypto markets.
Quick Take: Bitcoin’s next halving event, when miners’ block rewards get cut in half, is now just over 50 days away, according to estimates from CoinGecko and OKLink. Those estimates would see Bitcoin’s fourth halving arrive on April 21, with the block reward dropping from 6.25 BTC to 3.125 BTC.
Quick Take The total value locked by decentralized lending protocols has exceeded $30 billion. This marks a recovery from a low point during the 2022 crypto crisis, when lending TVL significantly decreased.
BlackRock’s IBIT spot bitcoin ETF has reached $10 billion in assets under management just seven weeks after the fund began trading.IBIT had its second-largest daily inflows on Thursday — adding $603.9 million — though this was largely canceled out by $598.9 million in outflows from Grayscale’s GBTC.
Quick Take The Bank for International Settlements has issued recommendations for the regulation, supervision and oversight of global stablecoin arrangements.
Quick Take The Delta hardfork was deployed on various Optimism-based chains, including OP Mainnet, Base and Zora, targeting reduced Layer 1 fees.
Quick Take A group of eight U.S. state attorneys general filed a joint amicus brief on Thursday, arguing that the SEC’s enforcement action against the cryptocurrency exchange Kraken exceeded its delegated powers.
Quick Take Ethereum Layer 2 Starknet developer StarWare announced that it is building a new open-source zero knowledge prover called Stwo. The prover is designed to offer reduced latency and processing costs, ultimately resulting in lower blockchain transaction fees.
Quick Take The House Financial Services Committee voted Thursday during a markup to advance a resolution to rescind a staff bulletin from the Securities and Exchange Commission. The SEC’s Staff Accounting Bulletin No. 121, dubbed SAB 121, has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from providing custodial services for digital assets.
Quick Take Crossmint has acquired Winter and launched a new cross-chain payments product.
