The Block
Quick Take Stablecoin issuer Agora raised $12 million in seed funding. Venture firm Dragonfly led the round, which had additional support from General Catalyst and Robot Ventures. Agora intends to launch a USD-pegged stablecoin backed by cash and U.S. Treasury bills, focusing on non-US customers.
Quick Take Dragonfly’s Haseeb Qureshi explains how the crypto VC landscape is becoming increasingly competitive.
Quick Take Celestia has introduced Blobstream, a data availability solution for the Arbitrum ecosystem. This will enable developers to create customizable chains using Celestia for data availability.
Quick Take News of Mt Gox moving to repay creditors has sparked a broad crypto market sell-off. Market makers and investors, however, remain cautiously optimistic about bitcoin’s prospects.
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.
Cumulative monthly trading volume for spot bitcoin ETFs nearly tripled last month when compared to February.March’s volume hit $111 billion versus February’s total of $42 billion.
GoldenTree has sold its digital asset unit, GoldenChain, to investment firm Republic — just two years after the subsidiary was launched in 2022.The deal follows a report from The Block in November that former partner and digital assets head Joe Naggar was set to leave GoldenTree.
U.S. spot Bitcoin ETFs returned to net outflows on Monday as Grayscale’s GBTC shed another $302.6 million.Ark Invest 21Shares’ ARKB product also witnessed its first-ever daily outflows, with $300,000 leaving the fund.
Volatility in the crypto market has caused over $400 million in liquidations over the past 24 hours.Bitcoin positions saw $127 million in liquidations alone, predominantly long positions.
Ethena has initiated airdrop claims for its governance token, representing 5% of its total supply. The governance token will be listed on various centralized exchanges starting at 4:00 a.m. EST.
