The Block
Cathie Wood’s Ark Invest offloaded 96,435 Coinbase shares last week — worth around $16 million.Ark also sold $8.2 million worth of Robinhood shares over the past seven days.
Quick Take The Mantle token rose over 20% in the last 24 hours to hit its all-time high of $0.948 at one stage on Monday in Asia.
Quick Take The gambling platform, RiskOnBlast, has allegedly siphoned off $1.3 million in ether raised during a seed round.
Quick Take The user-generated content gaming platform currently under development plans to utilize Circle’s programmable wallets, with which users can receive USDC payouts, according to its statement. Circle CEO Jeremy Allaire said the gaming platform is working to launch a “large-scale Roblox-style metaverse” built on Circle’s wallet infrastructure.
Quick Take: The latest posts on MicroStrategy’s X account directed users to what appears to be a phishing website under the domain “microstralegy.”
Quick Take The total, all-time dollar amount invested into crypto and blockchain-related companies exceeded $90 billion this month, according to The Block Research, which has been tracking funding data for startups in the industry since 2017. Animoca Brands and Polychain Capital were among the investors and venture capitalists injecting capital into more than 50 new projects in February.
Bitcoin’s safe haven status is becoming more attractive as inflation levels remain persistent, according to an analyst.The price of bitcoin has held above the $51,000 mark for over one week, according to The Block’s Price Page.
Carson Group, a $30-billion registered investment advisor (RIA) platform, has approved four spot bitcoin ETFs, leaving out the majority of funds currently available to investors.Instruments issued by BlackRock, Fidelity, Franklin Templeton and Bitwise were approved by Carson Group and will become accessible to financial advisors using the platform.
Quick Take Rep. Tom Emmer, R-Minn., accused the U.S. Office of Management and Budget of abusing its emergency powers after it allowed a separate agency to begin collecting information on bitcoin miners’ energy usage last month. Emmer’s letter comes as the Texas Blockchain Council and bitcoin mining company Riot Platforms, Inc. sued the Department of Energy this week and called the survey unlawful.
Quick Take Bitcoin miner Riot Platforms generated record total revenue of $280.7 million in 2023, according to its annual report filed today. Riot produced 6,626 BTC last year, supported by a peak hash rate capacity of 12.4 EH/s.
