The Block
Quick Take DigiFT, a Singapore-licensed entity, launched tokens that represent a direct claim on U.S. Treasury Bill receipts. The market capitalization for real-world asset tokens grew 15% in the past 24 hours to $6.5 billion.
Quick Take Elon Musk asked why Ethereum co-founder Vitalik Buterin left X. Buterin has been active on Farcaster, a crypto-centric Twitter-esque social media platform.
Quick Take Kevin Hart bought a Bored Ape Yacht Club NFT in January 2022. The NFT, which Hart bought for 79.5 ether, was traded today for around 13.26 ether. Hart was caught in a class-action lawsuit involving Yuga Labs and MoonPay’s allegedly undisclosed celebrity endorsements.
After finishing jail time, Do Kwon was moved to a facility for foreigners. Kwon is expected to remain in the camp until the Supreme Court’s decision on his extradition. The trial in the U.S. SEC’s fraud charges on Kwon and Terraform Labs is planned to take place on Monday.
Coming up next week: Sam Bankman-Fried will be sentenced in court on seven counts of fraud and conspiracy as FTX’s chosen law firm comes under fire.Optimism and dYdX will unlock a total of $200 million in tokens as Q1 comes to a close.Read on to find out what else is coming up next week in crypto.
The Polygon zkEVM Ethereum Layer 2 blockchain hasn’t produced a block for over twelve hours at time of publishing. The Polygon zkEVM team has yet to officially respond, though a message on Polygonscan refers to “unscheduled maintenance.”
Outflows from spot bitcoin ETFs overpowered new capital on each day this past week, with record-low inflows for BlackRock’s IBIT and Fidelity’s FBTC.Grayscale’s GBTCalso saw record-breaking single-day outflows on Monday, March 18, which may reflect Genesis selling shares.
Kraken UK MD Bivu Das said he would support the UK approving a bitcoin ETF.Currently, the UK is getting ready to allow institutional investors access to bitcoin ETNs — but retail users are banned from U.S.-based bitcoin ETFs.
Quick Take This is the first edition in a (probably) weekly take on current events in the crypto space and other musings by The Block’s Editor-In-Chief (me). Today’s topics include further updates on the FTX saga, a missing bird and a double-your-money bug.
The debut of Bitcoin ETFs helped push the world’s largest cryptocurrency to new all-time highs this year.The U.S. presidential election continues to shake the market as Donald Trump embraces crypto while Joe Biden remains in limbo.Below is a brief recap of the market’s major milestones of 2024 and a glimpse at what’s ahead before the year ends.
