The Block
Quick Take: With 115 billion points handed out, it’s no surprise that traders have worked out a way to speculate on them. Yet, crypto projects don’t make it obvious how many points are in circulation — and some simply won’t say.
Quick Take Bankrupt lender Celsius has distributed $2 billion worth of crypto to creditors, including over 20,000 BTC and 301,000 ETH, the firm said in a court filing.
Quick Take Bored Ape Yacht Club creator Yuga Labs announced it has acquired Proof, which created the Moonbirds non-fungible token collection. Yuga Labs said it will fold Moonbirds into its gamefied, metaverse play dubbed Otherside.
Quick Take Bitcoin mining difficulty reached 81.73 trillion on Feb. 16. That figure could reach 100 trillion before the next bitcoin halving in late April.
Bitcoin could find support from increased institutional ETF attention over the coming months, according to a Coinbase report.
Ether perpetual futures open interest has surged on centralized exchanges, hitting an all-time high on Deribit.The rise in the ether perpetual futures funding rate since the start of February on Deribit suggests an increasing demand for long (buy) positions.
Quick Take: The Uniswap version 4 protocol launch is tentatively scheduled for Q3 this year. Launch timing depends on Ethereum’s Dencun upgrade in March and subsequent security audits. V4 aims for a more modular structure with “hooks” for customizing liquidity pools.
Jupiter’s 2023 investment in an XRP ETP was canceled due to regulations in Ireland.
Quick Take According to a research report, the theoretical costs associated with successfully attacking Bitcoin or Ethereum far outweigh the benefits.
Quick Take The two aim to educate emerging economies on web3 via Jambo’s affordable blockchain smartphone device.
