The Block
Quick Take In an X space talk with Cathie Wood, Musk said he hardly thinks about crypto these days.
Quick Take Some Solana Saga phone customer orders have been canceled following an “inventory management” issue, according to its official X account. The device saw huge demand last week amid a surge in the price of bonk and an arbitrage opportunity presented by the 30 million tokens that come with the phone.
Quick Take South Korean gaming firm Wemade partnered with technology investor Whampoa Digital. The partnership focuses on launching a $100 million fund dedicated to Web3 development.
Ark Invest disposed of another 80,118 Coinbase shares ($13.5 million) on Thursday.The investment management firm has now sold over $200 million worth of Coinbase shares this month, rebalancing its fund weightings amid a surge in COIN’s price.
Argentina has “ratified and confirmed” that contracts can be set in bitcoin, according to the nation’s newly appointed foreign minister.
Quick Take “This move by Epic is a step in the right direction towards mainstream acceptance and adoption,” said one blockchain gaming executive in response to the company’s decision to re-list web3 titles despite an “Adults Only” rating.
Quick Take Coinbase obtained a greenlight from a French financial regulator to provide digital asset services in the country via VASP approval, CNBC reported.
Quick Take Circle is deepening its European compliance by obtaining DASP registration and onboarding a regulatory veteran to head French operations.
Quick Take PancakeSwap’s CAKE spiked more than 20% following a proposal to reduce the maximum token supply from 750 million to 450 million.
Quick Take Qredo has undergone management changes in a push by its lead investor, 10T Holdings — resulting in a new CEO, COO, and board. Qredo has also secured debt financing amid its persisting challenges.
