The Block
Quick Take Avalanche’s Codebase startup incubator has announced the first cohort of early-stage web3 companies to take part in its accelerator program. 15 companies were selected for the cohort after Codebase received nearly 250 applications from over 30 countries.
Quick Take The web3 artificial intelligence training firm FLock raised $6 million in seed funding led by Lightspeed Faction and Tagus Capital. FLock will use the funds to grow its team and develop an AI training platform powered by federated learning.
Quick Take Liquid staking protocol Prisma Finance appears to have been exploited for $9 million, according to on-chain data from blockchain security experts. The stolen funds include Prisma mkUSD and wrapped stETH.
BlackRock’s IBIT spot bitcoin ETF has exceeded 250,000 BTC in assets under management after 11 weeks of trading.Meanwhile, Fidelity’s FBTC crossed the $10 billion AUM mark as Ark Invest 21Shares’ ARKB had its best daily inflows on Wednesday.
Quick Take An InvestHK official said that potential Hong Kong dollar-pegged stablecoins may draw demand from institutional investors as “they are not going to buy stablecoins from unregulated entities.” Last month, Hong Kong concluded a consultation for regulating stablecoin issuers.
The 13,900 nodes supporting the Ethereum network are now running more than 1 million validators. These validators are needed to allow more of the supply to be staked.
Quick Take Matter Labs co-founder and CEO Alex Gluchowski explains how the computational integrity of zero-knowledge rollups allows blockchains to scale to meet near “infinite” demand.
VSFG said it’s aiming for a May launch “if all goes smoothly.”The firm has filed its spot bitcoin ETF application with the Securities and Futures Commission and is “in active discussion” with the regulator.
Quick Take QuadrigaCX co-founder Michael Patryn is the target of a new type of court order in British Columbia that compels a person to explain how they acquired their assets. The application would, if successful, see the forfeiture of $250,200 in cash, as well as 45 gold bars, four luxury watches and various pieces of expensive jewelry.
Quick Take Hong Kong dollar-pegged stablecoins are seen as having a unique place in the crypto market once permitted in Hong Kong, according to Animoca Brands chairman Yat Siu.
