The Block
Quick Take Bitcoin miner Riot Platforms generated record total revenue of $280.7 million in 2023, according to its annual report filed today. Riot produced 6,626 BTC last year, supported by a peak hash rate capacity of 12.4 EH/s.
Quick Take: In a new report, Grayscale said ether’s “recent price performance reflects the market’s anticipation” of the Dencun upgrade coming next month. Grayscale is also hoping the Securities and Exchange Commission approves converting its Ethereum trust into a spot ether ETF.
Quick Take: Uniswap Foundation has proposed changes regarding Uniswap’s community governance. One notable upgrade would change the fee mechanism to reward users who delegated and staked their UNI tokens.
Quick Take: Social media platform Farcaster has added support for Solana. This allows Solana users to verify their addresses using the platform.
Quick Take: Avalanche has confirmed a block finalization stall, preventing blocks from being accepted on the primary network. The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.
Quick Take: U.S. Presidential candidate Donald Trump appears to be warming toward Bitcoin, having previously called it a “scam.” Trump said that some regulation was likely required, but many people are embracing it, and he could “live with it one way or the other.”
Cumulative trading volume for spot Bitcoin ETFs broke past $50 billion yesterday.The ETFs also returned to net inflows, bringing in $251.4 million on Thursday.
Quick Take Uniswap has introduced ‘uni.eth’ subdomains, allowing users to access their addresses as human-readable names. Users can claim a free ‘uni.eth’ subdomain, and changing names is designed to be gasless.
Its Cash App made $66 million in gross profits via sales of bitcoin, marking a 90% year-on-year growth.
Quick Take The Council of the European Union and the European Parliament representatives agreed that AMLA will be based in Frankfurt. AMLA will directly oversee the crypto sector, among other things.
