The Block
Quick Take Lightning Labs’s latest version of Taproot Assets launching on mainnet is compatible with the Lightning Network. The company aims to provide a less expensive and safer settlement option to stablecoin users.
Spot Ethereum exchanged-traded funds — nine different ETFs from eight issuers — began trading Tuesday.The Grayscale Ethereum Trust led the way at $456 million, accounting for nearly half of the total volume.
Quick Take “The nexus between AI and digital assets seems necessary inevitable to me,” the Minnesota Republican said during a House hearing on Tuesday. Over the past year, crypto leaders including Ethereum co-founder Vitalik Buterin have spoken about how crypto and AI may overlap.
Quick Take Telegram CEO Pavel Durov said Catizen, the tap-to-earn crypto game built on TON blockchain, has “earned” $16 million from in-app purchases.
As of midday trading, cumulative trading volume exceeded $600 million among spot Ethereum ETFs.CF Benchmarks CEO Sui Chung called this a “watershed moment” for crypto and blockchain adoption.
Quick Take The payout comes after Kraken received 48,641 BTC, valued at over $3 billion, from the Mt. Gox Rehabilitation Trustee last week to give to creditors.
Eight exchange-traded funds tracking the price of Ethereum’s native token went live Tuesday, with some predicting billions of dollars worth of capital inflows in the coming months.Polymarket users, by and large, are skeptical ETH ETFs will push up the price of the cryptocurrency across several different betting pools.
Quick Take The DeFi derivatives exchange dYdX is in talks of selling some of its software for an undisclosed sum, Bloomberg reports. Shortly after news of the potential sale, the platform disclosed on X that it had been compromised.
Quick Take Bitcoin payments firm Fold is launching ACH rewards, which will pay out up to 1.5% in BTC. Senior Marketing Manager Brian Harrington said the company is the first to offer bitcoin rewards through the Automated Clearing House. Fold joined Visa’s Fintech Fast Track accelerator in 2020 to launch payment cards that also reward users in bitcoin.
