The Block
Ark Invest disposed of another 80,118 Coinbase shares ($13.5 million) on Thursday.The investment management firm has now sold over $200 million worth of Coinbase shares this month, rebalancing its fund weightings amid a surge in COIN’s price.
Argentina has “ratified and confirmed” that contracts can be set in bitcoin, according to the nation’s newly appointed foreign minister.
Quick Take “This move by Epic is a step in the right direction towards mainstream acceptance and adoption,” said one blockchain gaming executive in response to the company’s decision to re-list web3 titles despite an “Adults Only” rating.
Quick Take Coinbase obtained a greenlight from a French financial regulator to provide digital asset services in the country via VASP approval, CNBC reported.
Quick Take Circle is deepening its European compliance by obtaining DASP registration and onboarding a regulatory veteran to head French operations.
Quick Take PancakeSwap’s CAKE spiked more than 20% following a proposal to reduce the maximum token supply from 750 million to 450 million.
Quick Take Qredo has undergone management changes in a push by its lead investor, 10T Holdings — resulting in a new CEO, COO, and board. Qredo has also secured debt financing amid its persisting challenges.
Quick Take Liquidators for Three Arrows Capital are estimating a 45.74% recovery rate for creditors. They say the estate has $563 million of illiquid tokens that will be unlocked over the next three years. They note Su Zhu was under house arrest for the last few weeks but finished his sentence on Dec. 20.
Quick Take Worldcoin has discontinued its Orb-verification service in India, Brazil and France, according to TechCrunch. Developer Tools for Humanity told the outlet it had expanded the eyeball-scanning device to many markets in 2023 for “limited time access” only.
Quick Take Ark Invest offloaded another 149,780 Coinbase shares ($24.2 million) on Wednesday. Ark also sold $14.3 million worth of GBTC shares and bought Block shares worth around $12.1 million.
