The Block
Quick Take The Block confirmed key details for the token distribution plan of the crypto casino and sports betting platform Shuffle. SHFL’s token generation event and airdrop will occur on the same day in the first week of March, though no specific date has been set yet. The first airdrop will contain 10% of the total token supply, with two additional airdrops of 9% happening in the coming years.
Quick Take “U.S. regulators can exert some control on Tether’s offshore usage via OFAC,” according to JPMorgan analysts. Tether’s CEO said JPMorgan’s concerns seem “more related to the jealousy towards the evolution of financial and payment services.”
Quick Take Lava Network raised $15 million in a seed round co-led by Jump Capital, Hashkey Capital and Tribe Capital. Lava is offering reward points called Magma ahead of its mainnet launch scheduled for the first half of this year.
MicroStrategy’s 190,000 bitcoin is now worth more than $10 billion as the world’s most popular cryptocurrency by market capitalization nears $53,000.
Bitcoin call options for all expiries from April through to December show a notable concentration at strike prices above $60,000, according to a QCP Capital report.The price of bitcoin increased above the $53,000 mark over the past 24 hours, according to The Block’s Price Page.
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.
