The Block
Quick Take The CFTC said consumers should be careful about scammers promising huge returns using AI.
Crypto-native AI image generation platform imgnAI has raised a $1.6 million seed round led by Hack VC.The funds will be used to expand imgnAI’s infrastructure and launch a “digital companion” product dubbed “Naifu.”
Ether options trading volume hit an all-time high in the month of January, according to data from The Block.The price of ether has increased almost 2% in the past 24 hours, now changing hands for $2,249.
Bitcoin rebounded back above $41,000 this morning amid slowing outflows from Grayscale’s GBTC spot ETF.The price action caused $110 million in liquidations.However, bitcoin’s recent 20% decline may not be over, according to Placeholder VC’s Chris Burniske.
Quick Take In lieu of airdrops, crypto projects have been handing out points to reward loyal users. While many investors complain, VCs argue that there’s an upside here.
The Nasdaq-listed firm raised the capital from an undisclosed institutional investor to enhance its production capacity.
Quick Take The U.S. government filed a notice stating its plan to sell $117 million worth of bitcoin seized from two individuals including dark web drug dealer Ryan Farace, who used the Silk Road. The DOJ charged Farace, aka Xanaxman, in 2018, and the funds were seized in 2021.
Quick Take The agency asked for public comments on Thursday on how to move forward with the proposed Grayscale Ethereum Trust.
The put-call skew ahead of Friday’s week- and month-end bitcoin options expiry is a bearish indicator for the market, an analyst said.
Quick Take Staking for Pyth network’s token has exceeded 110,000 wallets, showing a significant increase in recent weeks.
