The Block
Quick Take Circle has launched its euro-backed stablecoin on Solana. Solana joins Ethereum, Stellar and Avalanche among the chains Circle is utilizing for EURC.
Quick Take Layer 2 Manta Pacific has adopted Celestia’s modular data availability solution to reduce transaction fees.
Quick Take The amount of AVAX burned per week has risen to its highest level yet. This is largely due to increased activity related to minting and sending inscriptions.
Quick Take Avalanche users have paid millions of dollars to mint and move inscription-related tokens over the last five days. This appears to be due to a big increase in network activity.
Quick Take Data network Masa is set to launch a decentralized data marketplace on an Avalanche subnet. Masa received an investment from Avalanche’s Blizzard Fund to help develop the platform.
Quick Take MilkyWay released the first liquid staking protocol for the Celestia network. It includes milkTIA tokens, representing staked TIA positions.
Digital asset investment products recorded their first net outflows in 11 weeks — led by Bitcoin.Solana, Cardano and XRP bucked the trend.
Quick Take A Solana Saga phone sold for $5,000 on eBay today, with the “floor” price of the phone hovering around $2,000, as hype around BONK and potential future airdrops continues. Owners of Solana’s phone can claim a token that entitles them to airdrops including a free airdrop of the BONK meme coin.
Quick Take The FTX debtors estate filed its amended Chapter 11 Plan of Reorganization today, which contains a provision that treats cryptocurrency claims as their value in cash at the time of the bankruptcy filing on November 11, 2022. The price of most cryptocurrencies have recovered since the bankruptcy; the price of Bitcoin was around $17,000 at the time, and now trades above $42,000.
Quick Take In a recent letter shared with U.S. legislators, Tether’s CEO has elaborated on his methods to prevent unsavory individuals from using the company’s UST stablecoins, including by onboarding the Secret Service and FBI to the company’s platform. Tether froze wallets on the U.S. sanctions list last week, and claims to have frozen 435 million UST so far.
