The Block
Quick Take The digital asset firm Prometheum picked Ethereum’s native token ether as the first digital asset for its crypto custodial services. The move comes after Prometheum received FINRA approval to offer crypto custodial, clearing and settlement services in 2023.
Bitcoin miner Hut 8 has appointed President and board member Asher Genoot as CEO, following the completion of its merger with US Bitcoin Corp.Former CEO Jaime Leverton has departed the company, effective immediately.
Quick Take Anchorage Digital will provide FusionIQ’s institutional and financial advisor clients regulated digital asset access.
Quick Take: A team of four have combined the ERC-20 token standard and NFTs to create a new standard of semi-fungible tokens called ERC-404. We explore how this came to be, how the project works and what’s next.
Pyth Network has unveiled the second phase of its retrospective token airdrop to over 160 eligible dapps.Some 100 million PYTH tokens — worth around $47 million — will be distributed to the dapps, following the 255 million PYTH allocated to DeFi users in November.
The cryptocurrency market is poised for a near-term downside correction because the Federal Reserve’s suggested rate cut delay has yet to be priced in, according to an analyst.Bitcoin traded flat over the last 24 hours, holding above the $43,000 mark.
The average crypto investor made under $1,000 in realized gains last year, according to cryptocurrency tax software platform CoinLedger.However, this was a stark improvement from the turmoil of 2022, when the average investor realized over $7,000 in losses amid a severe bear market.
Quick Take Ondo Finance announced its US Treasury-backed USDY stablecoin will expand to Mysten Labs’ Layer 1 Sui blockchain. This is the “first native dollar-denominated token” on Sui.
Quick Take: Ethereum core developers have deployed the Dencun upgrade, which incorporates proto-danksharding (EIP-4844), on the Holesky test network. The Holesky implementation marks the final Ethereum testnet upgrade before an anticipated mainnet deployment of Dencun in March.
Quick Take High-level crypto offenders could face severe penalties, including life imprisonment, under the new law. South Korea is currently developing a two-part crypto regulatory framework, the first part of which will go into effect in July.
