The Block
Quick Take NFT giant Yuga Labs has replaced its CEO, former Activision Blizzard executive Daniel Alegre, with Yuga co-founder Greg Solano, known by the moniker Garga.
Quick Take The High Court in Podgorico made the decision to extradite Kwon to the U.S. and rejected South Korea’s request to extradite the former executive, according to local media site Pobjeda.
Quick Take Fuel Labs has pivoted its optimistic rollup project Fuel V1 into “Rollup OS” for a Q3 2024 mainnet release. The “Rollup OS” targets limitations in existing Ethereum rollup architectures. The mainnet launch will feature a purpose-built virtual machine featuring parallel transaction execution.
Quick Take Wormhole will be using AMD’s FPGA hardware accelerators to scale cross-chain messaging using zero-knowledge proofs. The project is planning to incorporate ZKPs for secure transfers across chains through “light client” implementations.
Quick Take Inco has raised $4.5 million in seed funding led by 1kx. The funding was realized through a SAFE plus token warrants structure. It also launched its first testnet.
Quick Take: Pudgy Penguins’ toy line, Pudgy Toys, is now available in an additional 1,100 U.S. Walmart stores. The toys initially debuted in 2,000 U.S. Walmart stores last September.
Bitcoin spot ETF daily trading volume hit a multi-week high on Tuesday, according to data from The Block.Glassnode’s weekly market report indicates a positive momentum entering altcoin markets since the start of February.
Quick Take Hong Kong’s top finance official said the government will submit the bills for stablecoin and over-the-counter crypto trading to the Legislative Council “as soon as practicable.”
Quick Take Fairshake, a pro-crypto super PAC, has received $4.9 million in funding from Cameron and Tyler Winklevoss. Other funders include Andreessen Horowitz, ARK Invest, Circle, Ripple Labs, Coinbase, Payward, Electric Capital Partners, Blockchain Capital and Jump Crypto.
Quick Take The decision followed an “enterprise-wide” risk assessment, according to Circle.
