The Block
Quick Take Robinhood Wallet now lets users swap tokens using Ethereum Layer 2 Arbitrum.
Quick Take Tools for Humanity, main developer of Worldcoin, has acquired Solana-based digital wallet startup Ottr Finance, the two companies announced. Ottr Wallet will be sunsetted as the company pivots to helping Tools for Humanity with the Worldcoin project, which is “onboarding hundreds of thousands” people new to web3 each week.
The memecoin market cap has rallied by over 27% in the past 24 hours.Major memecoins, such as Dogebonk and Bonk, have increased by around 34% and 54% respectively.
Bloomberg Senior ETF Analyst Eric Balchunas said that the current bitcoin ETF action is reminding him of a mania-like event.He cautioned that volumes may not be able to remain at current levels and that the price is at a risk of a correction.
Bitcoin is set to close February by posting the biggest monthly candle in the asset’s history.The price of bitcoin surged above the $63,000 mark in the past 24 hours, according to The Block’s Price Page.
After being forced to wind down due to FTX’s bankruptcy, crypto hedge fund LedgerPrime is restarting under the new moniker MNNC Group.LedgerPrime once managed as much as $400 million and banked an annualized return average of approximately 40%, the company said.
Coinbase’s share price hit a multi-month high on Wednesday as trading volume surged — despite heavy traffic causing a temporary glitch on the platform.Cathie Wood’s Ark Invest offloaded more than $17 million worth of COIN yesterday amid the move.
Quick Take Solana-based blockchain game MixMob announced it has licensed the rights to use the faceless stormtrooper character made famous by the Star Wars film franchise. MixMob said the move is the beginning of an “official licensing strategy, with plans to secure three additional licenses in 2024.”
JPMorgan analysts predict that the bitcoin price will drop to $42,000 after halving, citing reduced miner rewards and higher production costs.The Bitcoin mining industry is expected to further consolidate, with larger miners surviving, according to the analysts.
Quick Take Liquid restaking protocol Kelp rolled out the KEP token, offering a tokenized version of EigenLayer reward points. Out of 156 million KEP tokens created, 10 million have been claimed — valuing it at $21 million with a token price of $0.14.
