Articles from www.theblock.co

Articles from www.theblock.co

Local media: a Montenegro court plans to release Terraform Labs co-founder Do Kwon from jail after accepting a €400,000 bail, pending a trial (www.theblock.co)
2023-5-12

Tether reports a $1.5B net profit in Q1, $2.44B in excess reserves, and $81.8B+ in assets as of May 9, including $1.5B in bitcoin and $3.3B in precious metals (www.theblock.co)
2023-5-11 Bitcoin Asset

Binance launches Capital Connect to connect VIP clients and investment fund managers; the exchange has 128M users, of which VIPs are a “very small percentage” (www.theblock.co)
2023-5-10

Dune: Ethereum's median average transaction fee jumped to ~87 gwei on May 2, the highest level since May 2022, mostly due to memecoin trading exploding again (www.theblock.co)
2023-5-9

A look at Art Blocks, an NFT marketplace for generative art that enforces 5% royalty fees and whose sales fell from $587M in August 2021 to $6.5M in April 2023 (www.theblock.co)
2023-5-9

Sam Altman's Worldcoin debuts World App, a self-custodial app that lets users manage their World ID and coins, in 80+ countries, ahead of its 2023 token launch (www.theblock.co)
2023-5-9

Berachain, a bear-themed crypto project building a Layer 1 blockchain on the Cosmos SDK, raised $42M in a private token round led by Polychain Capital (www.theblock.co)
2023-4-20 Blockchain

Crypto derivatives exchange Deribit plans to launch a zero-fee spot exchange on April 24, 2023 for trading BTC, ETH, and USDC, after Binance ended its fee cuts (www.theblock.co)
2023-4-20 ETH

a16z releases 2023 State of Crypto, trying to show the dichotomy between market and product cycles, and creates an index that shows stable product development (www.theblock.co)
2023-4-11

OPNX, an exchange for trading bankruptcy claims run by 3AC founders Su Zhu and Kyle Davie, had $13.64 in volume in its first 24 hours; OPNX's FLEX drops 27%+ (www.theblock.co)
2023-4-6

Decentraland says 26K attended its virtual fashion week in March 2023, vs. 108K in 2022, a 76% drop, despite brands like Tommy Hilfiger and Adidas sponsoring (www.theblock.co)
2023-4-6

SEC Chair Gary Gensler says existing securities law covers most of what is happening in the crypto markets and any additional legislation is unnecessary (www.theblock.co)
2023-3-30

The SEC sues shuttered crypto platform Beaxy for running an unregistered exchange, and sues its founder for raising $8M via the unregistered BXY token (www.theblock.co)
2023-3-30

EigenLabs, working on an ETH “restaking” protocol, raised a $50M Series A led by Blockchain Capital, with Coinbase Ventures, Polychain Capital among investors (www.theblock.co)
2023-3-29 Blockchain Coinbase ETH

Filing: MicroStrategy bought 6,455 BTC for ~$150M from February 16 to March 23 at an average price of $23,238; the company now holds ~$4.14B worth of BTC (www.theblock.co)
2023-3-28

The hacker of DeFi lending protocol Euler Finance has returned 58,737 ETH, worth ~$102M, from the 96K ETH stolen in a flash-loan attack on March 13; EUL up 27%+ (www.theblock.co)
2023-3-26 Hacker ETH

Crypto exchange Bitget acquires a controlling stake in crypto wallet company BitKeep with a $30M investment at a $300M valuation (www.theblock.co)
2023-3-23

Judge approves settlement in Celsius bankruptcy case whereby the company's custody account holders can opt in to receiving 72.5% of the crypto in their accounts (www.theblock.co)
2023-3-22

Arkham: net redemptions of Circle's USDC reached $4.5B since March 10, including a single $723M redemption that was later burnt, after Signature and SVB fell (www.theblock.co)
2023-3-15

Meta says it is winding down its work on NFTs “for now” to focus on other ways of supporting creators, people, and businesses (www.theblock.co)
2023-3-14

Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ (www.theblock.co)
2023-3-13

Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make for the negative market sentiment (www.theblock.co)
2023-3-11

Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank (www.theblock.co)
2023-3-11

Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, with full repayment of all deposits (www.theblock.co)
2023-3-8

Coinbase announces a “Wallet-as-a-Service” product, offering APIs to help companies create customizable wallets for their apps more easily (www.theblock.co)
2023-3-8 Coinbase

FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares (www.theblock.co)
2023-3-7

Coinbase switches banking partners for Prime accounts from Silvergate to Signature, after Silvergate reported being “less than well-capitalized” (www.theblock.co)
2023-3-6 Coinbase

Current and former Dapper Labs staff say CEO Roham Gharegozlou's bullying and extravagant spending hurt the NFT startup amid layoffs and a prolonged bear market (www.theblock.co)
2023-3-6 Startup Layoffs

Doc: NFT startup Dapper Labs, which raised $600M+, lays off 20% of staff, after laying off ~134 staff, or ~22% of it's workforce, in November 2022 (www.theblock.co)
2023-2-24 Startup

Binance shut down the derivative trading accounts of retail users in Australia after an investigation found customers were misclassified as wholesale investors (www.theblock.co)
2023-2-24 Australia Retail

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