The Block
Quick Take Animoca Brands raised $10 million from OKX Ventures, CMCC Global, HongShan and others to develop Mocaverse. The fresh financing adds to the total $31.88 million Animoca raised previously to build out the consumer network.
Quick Take The Sam Altman-backed project World, previously known as Worldcoin, has launched its human verification in Brazil. The relatively crypto-friendly nation has a population of more than 215 million people.
Quick Take Former BitMEX CEO Arthur Hayes argued that President-elect Donald Trump’s economic policies could significantly weaken the U.S. dollar. This could lead to bitcoin reaching as high as $1 million, Hayes said, reiterating his prior views on the expansion of the money supply.
Quick Take Analysts at Copper.co estimate that bitcoin’s market cycle could peak in about 200 days, as long as history chooses to repeat itself. Despite the possibility of a U.S. recession, technical indicators like the Relative Strength Index signal that bitcoin still has room for growth over the next months, they said.
Quick Take The crypto investment firm filed an S-1 registration statement with the SEC on Tuesday. The fund will “provide exposure to the value of the native asset of the Hedera Network,” according to the filing.
Quick Take “Bitcoin hitting $100,000 isn’t a matter of if — it’s a matter of when,” Douro Labs CEO Michael Cahill told The Block. Industry experts vary on when they think that psychological level will be breached, but the consensus appears to be that it will happen within the next 1-3 months.
Quick Take Ethereum Foundation researcher Justin Drake announced a new consensus layer upgrade proposal at Devcon on Tuesday called “Beam Chain,” incorporating the latest ideas from the research roadmap. The German government missed out on up to $1.6 billion by selling 50,000 BTC at $57,600 each just four months ago — right before a major rally in the asset’s price. Lisk has launched its Ethereum Layer 2 on mainnet, leveraging Optimism’s OP Stack as part of the Superchain ecosystem. The following article i
Quick Take Bitcoin was up 1.8% over the past 24 hours to trade briefly above $90,000 at the time of writing. The world’s largest cryptocurrency by market cap has been rewriting all-time highs amid positive market sentiment following Donald Trump’s election victory.
Quick Take Huma uses blockchain tech to offer on-chain credit and payment financing solutions for assets like transferable tokens, Treasurys, Euro bonds, corporate credit and equities. The protocol, launched in 2022, was initially built on Stellar.
Dogecoin, cardano, and shiba inu have outperformed bitcoin over the past week, surging 80%, 85%, and 50% respectively, amid a broader altcoin rally, amid reduced regulatory uncertainty, analysts said.Bitwise Europe reports that bitcoin whales have recently resumed accumulation, moving a net -17,400 BTC off exchanges, while miners’ limited exchange activity is helping stabilize prices.
