The Block
Quick Take Early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov re-launch and fund $100 million investment firm called cyber.Fund.
Quick Take The hacker who stole $12 million from Nirvana Finance and another DEX plead guilty and agreed to forfeit $12.3 million of assets.
The new platform will allow post-trade OTC settlement capabilities for all counterparties on a single network.
A spike in bitcoin volatility saw the liquidation of over $63 million leveraged positions in the past 24 hours.
Quick Take SEC Chair Gary Gensler told CNBC that the agency’s “new look” at spot bitcoin ETF applications had involved recent court rulings. Over the last several months, several big firms including BlackRock and Fidelity have jockeyed for a spot bitcoin ETF.
Quick Take Tether froze an address with funds stolen by the Ledger code library exploiter. Ledger said its former employee was compromised in a phishing attack.
Quick Take Analyst Markus Thielen said he expects higher crypto prices in 2024 — with or without spot bitcoin ETF approvals — as increased liquidity, the Bitcoin halving event and the potential for Donald Trump to be elected again provide further catalysts.
Quick Take Lolli has raised $8 million in a Series B funding round led by Bitkraft Ventures. The funding comes two and a half years after Lolli’s Series A round, with an amount lower than that round.
Quick Take EigenLayer founder Sreeram Kannan unpacks the vision behind EigenLayer and discusses the next generation of modular blockchain technology.
Quick Take A significant security vulnerability has been reported by several decentralized applications. The issue stems from a compromised software library connected to Ledger.
