The Block
Quick Take SOON has raised an undisclosed amount in what is being called a “cobuilder ” round. The round claims to have had no involvement from venture capital firms.
Quick Take Celsius has now distributed more than $2.53 billion in cryptocurrencies and cash to its creditors — approximately 93% of the eligible value — according to its bankruptcy plan administrator. The update means that roughly 251,000 of 372,000 eligible creditors have now received distributions, with the remainder mainly involving smaller amounts.
Quick Take Aave Labs has proposed a new temperature check to update the GHO stability module to integrate BUIDL, a tokenized fund from BlackRock. The GSM ensures Aave’s native stablecoin, GHO, maintains a 1:1 convertibility with another asset.
Quick Take French President Emmanuel Macron said on social media that Durov’s arrest was part of an ongoing judicial investigation. Durov was arrested on Saturday as part of an investigation that included allegations of offering “cryptology” services, French prosecutors said Monday.
The memecoin ‘Resistance Dog’ experienced a market rally, increasing by over 140% on Monday.This surge was triggered after the developers designated it as the official avatar for Toncoin across various community channels.
Quick Take U.S. spot bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows. Ether ETFs recorded another day of total net outflows.
McDonald’s Instagram account seemingly hacked to promote Solana token ‘Grimace’NBA All-Star Jimmy Butler and Ben ‘BitBoy’ Armstrong agree to settle Binance-related class action lawsuitBitcoin trades flat following lower U.S. jobs growth revisionThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Memecoin Sundog rose by 25% on Wednesday as traders test out the recently launched Tron-based token generator SunPump.Solana-based generator Pump.fun has been for several weeks dominating the memecoin space.
Bitcoin’s price remains subdued following figures showing the U.S. added 818,000 fewer jobs than previously estimated.Equities showed mixed results following the lower-than-expected U.S. employment data.
The fast-food chain’s Instagram account appeared to have been hacked to promote a Solana memecoin.GRIMACE token shot to a market capitalization of $20 million before plummeting to less than $1 million.
