The Block
Monthly transaction volumes for January on Solana have reached a multi-year high, according to data from The Block.Sol, the native token of the Solana blockchain, has posted the most significant gains among all major altcoins in the last 24 hours.
Quick Take German authorities seized 50,000 bitcoin worth over $2.1 billion from a German pirating operation.
Quick Take Venture capital firm Uncorrelated Ventures has raised $315 million for a new crypto and software-focused fund. Uncorrelated Ventures has previously backed crypto projects including Compound, Cosmos, dYdX, Helium and Uniswap.
Quick Take Stablecoin issuer Circle will launch USDC on Celo, an EVM-compatible Layer 1 that’s transitioning into an Ethereum Layer 2 scaling protocol. An imminent governance vote will determine if USDC should become Celo’s official gas currency.
Quick Take The decentralized derivatives trading platform announced that it has completed a funding round led by Hashed and Arrington Capital.
The Hong Kong Securities and Futures Commission issued a warning against Floki on Friday, marking its high-yield staking products as “suspicious” and unauthorized.The Floki team responded that it managed to offer high returns by allocating the majority of the token supply to stakers.
Quick Take Web3 gaming project Immutable has launched its Polygon-powered zkEVM mainnet for select game studios and ecosystem partners. Immutable zkEVM leverages zk-rollup technology for compatibility with Ethereum apps, operating separately from the project’s existing StarkEx-based Layer 2 chain.
Quick Take Xue Lee and Brenda Chunga raised over $1.7 billion from investors around the world in what the SEC calls a pyramid scheme, the SEC said.
Quick Take: At an event on Monday hosted by the Foundation for Defense Democracies, the Arkansas Republican spoke about the Clarity for Payment Stablecoins Act and the Financial Innovation and Technology for the 21st Century Act, both of which advanced out of the House Financial Services Committee last year. Rep. French Hill also told reporters he is open to listen to Sens. Sherrod Brown, D-Ohio, and Sen. Elizabeth Warren, D-Mass., on their illicit finance concerns.
Quick Take Gevulot completed a $6 million seed funding round led by Variant. The team plans to roll out a Layer 1 blockchain that will utilize zero-knowledge proofs.
