The Block
Quick Take Blockchain interoperability project Analog has raised $16 million in funding led by Tribe Capital. The funding was realized via SAFT and brought Analog’s fully diluted valuation to $120 million, said Analog co-founder Victor Young.
Quick Take Solana-based project Jito revealed its first cohort of governance delegates. The project is delegating a large amount of voting power to these individuals.
Quick Take Digital Currency Group said its 2023 fourth-quarter revenue rose to $210 million, a 59% increase from the same quarter of the previous year.
Quick Take Puffer Finance has reached $850 million in total value locked in its smart contracts since launching on Feb. 1. It is now the second-largest liquid restaking protocol on Ethereum.
Bitcoin price volatility has caused a spike in liquidations as the digital asset’s value has posted gains of over 11% in the past week.The circulating supply in profit has increased to over 90% in the past 24 hours, according to data from The Block.
Gas fees on the Ethereum network have reached a multi-month high after an increase in transaction volume.The price of ether decreased by almost 2% the past 24 hours, according to data from The Block.
RBNZ’s Adrian Orr said bitcoin is ‘not at all’ a substitute for or complement to fiat.On stablecoins, Orr said: “They’re only as good as the balance sheet of the person offering that stablecoin.”
Quick Take Polygon Labs introduced the type 1 prover, enabling EVM chains to adopt zero-knowledge scaling technology. The prover can help transition EVM chains into validiums for proof verification and settlement on Ethereum.
Quick Take Last week, a group of developers launched an experimental token standard mixing ERC-20 tokens and NFTs together. Now tokens built using this standard have seen a drawback in prices, while an alternative implementation is about to be released.
Quick Take Farcaster’s latest and biggest wave of attention has resulted in a surge of protocol revenue. Yet the platform faces risks of following in FriendTech’s footsteps unless it can keep its users.
