The recipient quickly sold the entire stack of Lobstar tokens for a profit of about $40,000, though the same amount of tokens is now worth over $400,000.
CryptoQuant said the exchange whale ratio has risen to 0.64, the highest level since 2015, suggesting whales are leading selling activity.
IoTeX co-founder Raullen Chai said losses are "significantly lower" than circulating estimates, but has not provided a specific figure.
The tokenized shares were issued by the BNP Paribas’ AssetFoundryTM platform using a "permissioned access model on Ethereum."
FOCIL was officially “scheduled for inclusion” as the consensus-layer (CL) headliner for the upcoming Hegota upgrade, targeted for late 2026.
The SEC introduced new guidance allowing broker-dealers to apply a “2% haircut” to proprietary positions in certain stablecoins.
ProShares on Thursday launched a money market ETF designed to hold assets that qualify as reserves for dollar-backed stablecoins.
Last August, Bloomberg reported MARA would pay $168 million in cash to secure a 64% stake in Exaion from EDF Pulse Ventures.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BGD Labs said it will cease contributions to Aave after April 1, ending a four-year role as a core protocol contributor.
Bitcoin mining difficulty jumped 14.7% to 144.4T in a record absolute increase as hashrate rebounded after U.S. winter storm curtailments.
Newity has raised $11 million in new funding led by CMT Digital as it explores taking its small business lending platform onchain.
The onchain analytics startup, launched in early 2021, raised a $1.25 million seed round and a $4 million seed extension.
This lifetime transaction total includes about $3.5 billion in onchain trading activity across Solana, Ethereum, and TON.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Institutional ownership of Sharplink’s common stock has grown to 46% as of Dec. 31, according to the latest available 13F filings.
IQMM follows the GENIUS Act’s 93-day Treasury requirement, effectively narrowing reserve management to short-term government paper.
The firm has invested in infrastructure like DoubleZero and Monad, the stablecoin app Payy, and ICO capital formation platform MetaDAO.
Bitdeer plans $300 million convertible note offering to expand high-performance computing; shares drop 18%, down 37% this month.
CME Group will begin offering 24/7 cryptocurrency futures and options trading on May 29 as volumes hit record highs.
Voltage launched a USD-settled Bitcoin Lightning Network revolving credit line following a $1 million institutional Lightning transaction.
Soil has launched what it describes as the first compliant real-world asset-backed yield protocol on XRP Ledger for RLUSD.
Uniswap's community is mulling expanding protocol fees to bolster revenue collection across all remaining v3 pools on the Ethereum mainnet.
Robinhood Chain is an Ethereum Layer 2 built on Arbitrum designed to support tokenized real-world assets and onchain financial services.
Ether.fi will migrate roughly "70,000 active cards, 300,000 accounts, and millions in user TVL to Optimism," over the coming months.
DeFi lending protocol Moonwell and CrossCurve have both recently suffered exploits connected to smart contracts.
Eligible U.S. users, excluding those in New York, can now borrow up to $100,000 in USDC without selling the four tokens, Coinbase said.
Apex Group plans to test USD1's stablecoin infrastructure within traditional fund administration, aiming to speed settlement for tokenized assets.
This is the first time Solomon has said he owns the cryptocurrency, something he previusly said could be "a store of value case."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.