The Block
Quick Take Arweave released the public testnet for Arweave AO, a scalable blockchain network built on its data storage platform. The team makes lofty claims that the network is more scalable than any existing blockchain — but it’s yet to be seen.
Quick Take Colosseum’s Clay Robbins and Matty Taylor breakdown the role their accelerator plays in the Solana ecosystem.
Quick Take Gauntlet will work on Morpho, designing and managing risk for lending vaults.
Quick Take Initia’s funding round was co-led by Delphi Ventures and Hack VC. The team has extensive experience in the Terra and Cosmos ecosystems. Initia is a blockchain platform designed to support multiple Layer 2 networks — and has an incentive mechanism to support their growth.
The bitcoin price has surged above the $56,000 mark in the past 24 hours.Short positions were impacted, with over $164 million in bitcoin shorts liquidated.
The newborn nine U.S. spot bitcoin ETFs have now amassed more than 300,000 BTC in assets under management.Daily net inflows exceeded $500 million on Monday as total net inflows reached $6 billion and bitcoin’s price surged.
Quick Take Ethereum Layer 2 Blast has hit more than $2 billion in total value locked. Blast’s mainnet launch is anticipated for Feb. 29.
Quick Take Do Kwon seeks to appeal Montenegro’s decision to extradite the Terra co-founder to the U.S.
The price of bitcoin hit a high of $56,740 at one stage on Tuesday morning in Asia.An expert pointed to the record spot bitcoin ETF trading volume on Monday in the U.S.
The nine new spot bitcoin ETFs set a daily volume record on Monday by registering a combined $2.4 billion in buying and selling, according to Bloomberg.The $2.4 billion in trading, led by BlackRock’s ETF, was enough to snap the previous daily record set on the first day the instruments traded on Jan. 11.
