The Block
Quick Take “Shrapnel” joins other high-profile early releases of blockchain games on the Epic Games Store including “Illuvium” and “Star Atlas.” Neon Machine, the game studio behind the project, aspires to empower gamers to customize “every aspect of the game, from its characters and weapons to in-game maps.”
Quick Take Crypto lender Genesis, as part of its bankruptcy proceedings, has filed a motion asking a judge to approve the sale of certain trust assets, including nearly $1.4 billion in Grayscale Bitcoin Trust shares. Assets also include $200 million in shares of Grayscale’s Ethereum and Ethereum Classic trusts.
Quick Take FTX has filed a motion that would allow the company to sell its nearly 8% stake in AI company Anthropic, which could fetch a price of over one billion dollars. FTX also asked the court to shorten the sale motion’s deadlines so it can be heard at the court’s next hearing, currently scheduled for February 22.
Quick Take Former Senior Vice President of Compliance Steve Christie is returning to Binance after leaving for health and family reasons. Christie will step in as the firm’s Deputy Chief Compliance Officer and work to bolster the exchange’s global compliance program.
Quick Take Marathon Digital has agreed to pay Hut 8 a termination fee of $13.5 million to take full operational control of two recently acquired bitcoin mining facilities. Hut 8 will stop providing managed services at the sites by April 30, having previously held a $1.2 million monthly contract with more than four years to go.
Quick Take The agency charged American Bitcoin Academy founder Brian Sewell, 51, and his firm Rockwell Capital Management with fraud. Sewell targeted his students to invest in his hedge fund, which turned out to be a scheme.
Quick Take Sen. Cynthia Lummis, R-Wyo., and Reps. Mike Flood, R-Neb., and Wiley Nickel, D-N.C., introduced a joint resolution to block the SEC’s Staff Accounting Bulletin No. 121, known as SAB 121, on Thursday. The bulletin requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.
Quick Take: El Salvador, under Bukele’s leadership, adopted bitcoin as its legal tender in 2021.
Quick Take Bitcoin’s on-chain volume for the month of January 2024 was higher than any month since September 2022, and more than triple September 2023, according to data from The Block.
Here’s a preview of all the significant token unlocks from crypto projects throughout the upcoming month.Aptos and Avalanche alone will unlock over $500 million worth of tokens in February, with other unlocks from ApeCoin, Optimism, and more.
