The Block
Quick Take 0G Labs announced $290 million in new funding, which includes a $40 million seed round and a $250 million token purchase commitment. The project will be able to draw from the token commitment once the 0G token is live and liquid on crypto exchanges sometime next year, 0G Labs co-founder and CEO Michael Heinrich told The Block.
Quick Take Pepe surged in price following Robinhood’s announcement that it has listed the memecoin for spot trading, and an update from Coinbase revealing it will also list the token later today. The memecoin has surged by over 30% in the past hour, and over 40% in the past 24 hours.
Quick Take Bitwise announced it has acquired Attestant, an Ethereum staking provider with $4 billion in staked assets.
Quick Take BlackRock’s BUIDL fund, tokenized by Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains. BUIDL currently leads the tokenized government securities niche with $517 million in assets under management — equivalent to a market share of roughly 22%.
Quick Take Until bitcoin hits the $500,000 level, “it’s still early,” according to Bitwise CIO Matt Hougan — marking the point at which the cryptocurrency “matures.” Amid a series of new all-time highs for bitcoin following Donald Trump’s election victory, “$100,000 feels like it could be right around the corner,” he said.
Quick Take BitcoinOS CEO Edan Yago explains how bringing DeFi and scaling to the Bitcoin ecosystem will allow it to regain its spirit of innovation.
Quick Take MicroStrategy Executives Chairman Michael Saylor said the company has purchased another 5,262 BTC for approximately $561 million at an average price of $106,662 per bitcoin.
Quick Take Global digital asset ETPs saw $308 million in net inflows last week, overcoming intra-week outflows and volatility after the Fed’s Dec. 18 rate cut. Bitcoin led with $375 million in inflows, while Ethereum added $51 million and Solana faced $8.7 million in outflows, according to a CoinShares report.
Quick Take The Italian government will likely take the softer tax rate hike to crypto of 28%, Bloomberg reported. Last month, Italy’s Vice Economy Minister stated that the country intends to accept a 42% rate hike on crypto taxes.
Quick Take U.S. prosecutors filed a lawsuit to recoup over $17.9 million worth of crypto tied to alleged bribes paid to Chinese officials prior to the FTX collapse. The account consists of Solana, Cardano, Ripple, Internet Computer and Avalanche tokens, according to the filing.
