The Block
Shiba Inu has raised $12 million via the TREAT token to develop its new privacy-focused Layer 3 blockchain. Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings and Shima Capital.
Quick Take Big Brain Holdings said it never invested in ZKasino even though it was previously named as one of the investors. ZKasino had announced a $26 million Series A funding round from investors including Big Brain and MEXC exchange.
Quick Take The average fee paid on Bitcoin per transaction dropped to $34.8 on April 21, after logging a record high of $128.45 on the day of halving, YCharts data showed. The bitcoin total transaction fees fell to $22.37 million on Sunday from $81 million the day prior, according to the data.
Quick Take Only1 has announced the closure of a strategic investment round of $1.3 million, led by Newman Group, bringing its total funds raised to $4.8 million in order to build an adult content platform on Solana. I asked a crypto-skeptical professional OnlyFans creator for his thoughts on what it would take to bring him onchain.
Quick Take The next sale of FTX’s stockpile of locked Solana will take the form of an auction, likely because of high demand from buyers.
Quick Take The launch of ZKasino, a new decentralized gambling network, has led to outrage from investors after an abrupt change of plans from the developers left users without the ability to redeem their bridged ether following the platform’s launch. The $33 million users invested has been sent to Lido as the platform attempts to post through what it calls “noise and FUD.”
The mining of the first block since the invention of Bitcoin Ordinals and the launch of the Rune protocol led to sky-high fees paid to miners for the first few blocks of the halving. The most valuable block in Bitcoin’s history, however, was the result of a mistake.
Quick Take Coinbase’s board is expected to shrink from eight to seven members as Kathryn Haun retires after seven years in order to focus on her crypto venture investment portfolio, Haun Ventures.
This is the fourth edition of a regular opinion column by The Block’s editor-in-chief on current events in the crypto space and other musings.Today’s topics include the bitcoin halving, the Mango Markets exploiter, Telegram, Tether and upcoming Hong Kong ETFs.
Grayscale’s Bitcoin Mini Trust, a new fund automatically formed from 10% of the Bitcoin held by GBTC, will charge a more competitive rate than its parent.
