The Block

Quick Take The two entities will collaborate on utilizing web3 technology for fraud prevention in SIM cards.

Quick Take Klaytn and Finschia are backed by leading internet conglomerates in Asia. The merger will establish a new native token along with a unified foundation based in Abu Dhabi.

Quick Take Moonwell’s ‘USDC Anywhere’ allows individuals to lend USDC to Moonwell from various Ethereum networks. The tool also lets users leverage their digital assets to send USDC throughout the Ethereum ecosystem.

Many Gerber Kawasaki clients have demonstrated interest in the new spot bitcoin ETFs.Traditional financial institutions and wealth platforms are still reviewing spot bitcoin ETFs before approving and recommending to retail clients.

Quick Take Digital Licensing Inc., doing business as DEBT Box, was sued by the SEC last year over an alleged fraud scheme. It now says the regulator should not be allowed to dismiss the case and retry it.

Quick Take: Genesis has been granted permission to sell about 35 million shares in Grayscale’s GBTC fund, which is worth over $1.3 billion.

Quick Take SEC Chair Gary Gensler also said the agency is merit-neutral when talking to CNBC about the approval of spot bitcoin ETFs last month.

Quick Take: Starkware’s core contributors and investors will see the first tranche of their tokens unlocked in less than two months after the token goes live next week. That’s because the token was generated a long time before it was made available for trading — something that has caused controversy among the crypto crowd.

Net inflows into spot bitcoin ETFs have reached over $4 billion since their launch, according to CoinShares Head of Research James Butterfill.

Quick Take CoW DAO rolled out an automated market maker to protect liquidity providers from arbitrage bots. The AMM aims to protect liquidity providers by capturing and redistributing MEV that would otherwise benefit arbitrageurs.