News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Pi Network’s token has surged 86% in value, reflecting strong market interest despite ongoing controversies.
Quick Take This is an excerpt from the 22nd edition of The Funding sent to our subscribers on Feb. 23. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take A recent proposal by the Arbitrum DAO’s recently-appointed Growth Management Committee has sparked backlash after recommending that 7,500 ETH be deployed to Lido, Aave, and Fluid, three decentralized finance protocols not native to Arbitrum. The proposal argues the selected protocols “represent safe applications that achieve conservative yield and strongly support ecosystem growth,” while critics argue the move signals that Arbitrum-native protocols are inferior. Should the proposal fail, the co
- 07:01Canary Capital establishes trust fund "Canary Staked INJ ETF" in DelawareAccording to Cointelegraph, fund manager Canary Capital has established a trust fund in Delaware named "Canary Staked INJ ETF," aiming to launch a fund based on staking Injective tokens. This move is the first step in launching an ETF, typically done before submitting further documents to the U.S. Securities and Exchange Commission (SEC). Injective's native token INJ has risen by 3.7% in the past 24 hours, indicating a positive market reaction to the news.
- 07:00UK-listed company Smarter Web Company increases its holdings by 45.32 BTC, bringing the total to 168.08 BTCAccording to official news, the UK-listed company Smarter Web Company has increased its treasury by 45.32 BTC, bringing its total BTC holdings to 168.08 BTC.
- 06:58Data: The amount of staked Ethereum reaches 34.65 million, setting a new recordAccording to Cointelegraph, the amount of staked Ethereum has reached a record high of 34.65 million ETH, accounting for nearly 30% of the current circulating supply.