The Block
Quick Take Synthetix passed governance proposal SIP-2043 to end SNX token inflation. New strategies, including token buybacks and burns, will be adopted.
Quick Take Republican presidential candidates Asa Hutchinson, Vivek Ramaswamy and Democratic presidential candidate Dean Phillips spoke with CoinDesk, which was sponsoring the event, on Monday at the New Hampshire Institute of Politics at St. Anselm College.
Quick Take Memos show that firms, including leading asset managers BlackRock and Fidelity, have met with the SEC over the past few weeks to go over how the redemption process would work for a spot bitcoin ETF. At issue are three separate models to determine which entity would have to sell bitcoin if investors want to redeem shares for the underlying asset. The Block spoke with Vivian Fang, a finance professor at Indiana University, about those models and what it means for a potential spot bitcoin ETF.
Quick Take FTX lawyers are asking the IRS to show how it calculated what it says is $24 billion of unpaid taxes. The IRS first said FTX owed $44 billion but recently lowered the amount to $24 billion.
Avalanche’s AVAX token has rallied over 6% in the past 24 hours, despite a day of volatility across the broader cryptocurrency market.Over $500 million in bitcoin and major altcoin leveraged positions were liquidated in the past 24 hours.
Quick Take Solana Labs co-founder Anatoly Yakovenko and Helius Labs co-founder Mert Mumtaz unpack some of the reasons why they believe Solana has an edge over other blockchains.
Bitcoin is experiencing a price correction after an increase in the circulating supply of BTC that is in profit, an analyst said.Profit-taking activity has predominantly been observed among short-term bitcoin holders, a report added.
Quick Take Google is updating its crypto policy to clarify the scope for advertising “Cryptocurrency Coin Trusts.” From Jan. 29, advertisers certified by Google may promote such trusts targeting the United States where they meet its requirements.
Quick Take C1 Fund is aiming to acquire secondary shares in major crypto companies at significant discounts, according to The Australian Financial Review. Blockchain gaming business Animoca Brands and crypto data analysis firm Chainalysis are reportedly among the targets for the $500 million fund.
Quick Take Crypto investment products marked their 11th week of consecutive inflows, adding $43 million last week to reach $1.8 billion over the period.