Breaking News: CRYPTO – Market Insights, Analysis & Latest Updates

Crypto-AI startup GAIB raises $5 million in pre-seed funding

GAIB, a crypto-AI startup, raised $5 million to tokenize GPUs, opening AI computing access and launching soon across multiple blockchains, aiming to democratize the GPU economy.

theblock.co • 03/12/2024 - 17:00 PM

The Funding: Why ICOs are being revived

This is an excerpt from the 16th edition of The Funding sent to our subscribers on Dec. 1. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

theblock.co • 01/12/2024 - 16:01 PM

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Decentralized perpetual trading platform and Layer 1 chain Hyperliquid is set to launch its HYPE token on Friday during a genesis event at 2:30 a.m. ET. Bitcoin miner MARA has acquired another 6,474 BTC, valued at around $615 million, boosting its total holdings to 34,794 BTC worth $3.3 billion — the largest of all public miners. Defunct centralized crypto lender Celsius is distributing $127 million in cash or cryptocurrency to creditors in its second bankruptcy payout. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/11/2024 - 15:16 PM

CRYPTO

Players are trying to convince this AI to hand over her $40,000 crypto stash

An AI agent called Freysa supposedly has access to $40,000 of crypto funds. The idea of her game is that anyone can send a message to her — and if they can convince her to do so, she might send them all the money. But the game is quite expensive to play.

theblock.co • 28/11/2024 - 11:27 AM

Avant, Ethena-like DeFi protocol, raises $6.5 million in seed funding

Avant Protocol has raised $6.5 million in a seed funding round at a $25 million valuation. Avant is an Avalanche-based crypto yield protocol that offers a yield-bearing ‘stable-value’ token similar to the popular Ethena.

theblock.co • 27/11/2024 - 18:55 PM

The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more

The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash, reversing a lower district court decision. WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors. A Brazilian lawmaker has introduced a bill to create the Strategic Sovereign Bitcoin Reserve, allocating up to 5% of the nation’s $372 billion financial assets to the cryptocurrency via a phased acquisition strategy. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/11/2024 - 18:43 PM

The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and more

Binance is set to launch BFUSD on Nov. 27, a reward-bearing margin asset that generates passive rewards by simply holding it or trading futures with it. Movement developers have unveiled plans for its native MOVE token as an ERC-20 on Ethereum, with a total supply of 10 billion tokens. Talus Network has raised $6 million in a strategic funding round led by Polychain Capital at a $150 million valuation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/11/2024 - 19:24 PM

A16z-backed Forta launches Firewall to help prevent smart contract exploits

Forta has launched Firewall, a product designed to detect and prevent smart contract exploits, using machine learning to enhance security for the decentralized finance ecosystem.

theblock.co • 19/11/2024 - 15:23 PM

CRYPTO

Ethereum-compatible Layer 1 Monad begins rolling out testnet

The Ethereum-compatible Layer 1 Monad has launched its testnet, focusing on high throughput and funding, while allowing easy migration for Ethereum applications.

theblock.co • 18/11/2024 - 13:56 PM

The Funding: A dozen crypto VCs share what’s next after Trump’s win and bitcoin’s surge

Bitcoin's rise over $93,000 after Trump's election reignites investment enthusiasm in crypto, particularly in sectors like AI and DeFi, amid anticipated regulatory clarity.

theblock.co • 17/11/2024 - 21:36 PM

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