The Block
Tether has announced a company reorganization to deliver a range of new decentralized infrastructure solutions. The company has formed four new divisions called Tether Data, Tether Finance, Tether Power, and Tether Edu(cation).
Quick Take Zengo has made its first acquisition by buying out the stablecoin-focused Minke wallet. Zengo aims to broaden its user base with the deal, co-founder and CEO Ouriel Ohayon told The Block.
Quick Take Blast-based decentralized exchange protocol Thruster has raised $7.5 million in a seed funding round led by Pantera Capital. The seed funding was a SAFE plus token warrants round and brought Thruster’s valuation to $70 million, Thruster contributor 0xFri told The Block.
Quick Take Crypto wallet infrastructure provider Safe acquired crypto treasury management platform Multis for an undisclosed sum. Former Multis CEO Thibaut Sahaghian will take on the role of Network Abstraction Lead as a core contributor within the Safe ecosystem.
Aptos Labs penned fresh partnerships with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop Aptos Ascend. The institutional platform intends to spread decentralized finance to institutional capital via the Aptos network and globally grow tokenized asset liquidity, among other endeavors.
JPMorgan analysts warn of a potential bitcoin price drop after this week’s halving event.Bitcoin mining hashrate is also expected to decline significantly post the halving, according to the analysts.
Quick Take Foundry’s USA Pool Team said that it plans to allocate proceeds to its members if it mines the first satoshi in the bitcoin halving block, according to an email screenshot circulating on X. Several X users cast doubts on the plan and the concept of an “epic sat.”
A conspiracy of headwinds sees bitcoin struggling to keep its head above the $61,000 mark.The digital asset is beset by a strong dollar index, hawkish Fed rhetoric and geopolitical tensions.
Quick Take Blur remained the top NFT marketplace for the first quarter despite Magic Eden’s surge in trading volume last month.
Bitwise’s BITB spot bitcoin ETF registered outflows for the first time on Wednesday as total net outflows continued for a fourth consecutive trading day.BlackRock’s IBIT was the only spot bitcoin ETF to generate inflows yesterday.
