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PIPPIN rallies 56%, recovering losses and targeting new highs. Bullish indicators and investor confidence drive its momentum
Quick Take Corn, an Ethereum Layer 2 network, raised $8.3 million in a community funding round. The round involved 675 investors alongside venture capital and investment firms.
Quick Take Jump Trading filed a lawsuit against Liam Heeger, founder of Unto Labs, for allegedly breaching non-competition obligations. Jump claimed that Heeger secretly raised funds for his new business at the Breakpoint conference in Singapore while still employed by the company to co-lead Project Firedancer. Heeger and Unto Labs “strongly deny these allegations,” saying they’re building “something entirely new.”
Quick Take Frax is discussing a governance proposal for a temperature check on potentially investing $5 million in World Liberty Financial. The proposal also suggested a follow-on investment of another $5 million contingent on the success of the initial investment.
Quick Take Glassnode’s data shows that bitcoin’s current price trajectory mirrors the midpoint of the 2015-2018 market cycle, suggesting potential for further growth. While historical data offers valuable insights, analysts caution that today’s market dynamics differ significantly due to institutional adoption, regulatory developments, and evolving infrastructure.
Quick Take Litquity, the Ethereum-based lending and borrowing protocol, has launched the second version of its app, Litquity V2. Liquity V2 will enable borrowers to pick their own interest rates when borrowing against ETH and staked ETH from RocketPool or Lido.
Quick Take White House AI and Crypto Czar David Sacks views Trump’s recently launched memecoin as a type of collectible. Sacks’ stance opposes that of Sen. Elizabeth Warren and Rep. Jacob Auchincloss, who argue that the token not only represents a conflict of interest but could permit foreign influence on the president.