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The company booked a gain of $XX million on its bitcoin holdings.

Maple’s new lending pool offers accredited investors, crypto firms and DAO treasuries a way to earn yield on their idle stablecoin holdings by investing in one-month U.S. Treasury bills.

BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week.

Members of Starbucks Odyssey who had two unique stamps (NFTs) in their wallet were able to access a pre-sale before it opened to the rest of the beta group.

The future of debt instruments is being built today, Arca’s Anthony Bufinsky writes.

The former president released his second series of Trump Trading Cards on Tuesday, though it appears that the hype surrounding his Web3 debut is cooling off.

The auction house said that 3AC’s Grails collection includes “some of the most significant digital artworks ever assembled.”

Sotheby’s will auction a series of blue-chip NFTs that belonged to the now-defunct crypto hedge fund Three Arrows Capital, with the auction house saying the “multi-part sales series” will begin in May and continue throughout the year. 

Listed NFTs in the “Grails” collection include the zombie-styled CryptoPunk #6649, Ringers #879 by Dmitri Cherniak, and Fidenza #216 by Tyler Hobbs. 

“This expansive collection marks an important moment in the rise of generative art on the blockchain in 2021, and was guided by an ethos of acquiring the highest quality and rarest works available on the market,” Michael Bouhanna, Sotheby’s head of digital art and NFTs, said in a statement. 

The collection’s history is notorious, given its previous owner’s dramatic rise and fall. It was seized as part of a long-running process that began after the hedge fund, once a top investor in the crypto market, filed for bankruptcy last July. Court documents at the time revealed that creditors had loaned 3AC billions of dollars. 

Sotheby’s Grails collection

Screenshot of works featured in Sotheby’s “Grails” collection.

During its peak, 3AC spent lavishly on NFTs. The firm spent 1,800 ETH — worth about $5.6 million at the time of sale — on Ringers #879, known popularly as The Golden Goose. 

“Thesis: we like the Goose,” 3AC co-founder Su Zhu tweeted then. 

Sotheby’s, which started showcasing NFTs in 2021, saw tepid response to its “Oddly Satisfying” auction last month, where the top-selling piece, “Eternity” by the artist Anyma, fetched just €50,800 ($55,653) compared to an estimated closing price of between €70,000 and €100,000.

Bouhanna said the March auction brought in about $316,00, with 93% of the pieces sold.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bank of Russia is planning to allow mining and using cryptocurrencies for cross-border trade, the regulator said.

The developer known as @dhruv on Twitter and GitHub, formerly a Google software engineer and successful entrepreneur, is taking a break from Bitcoin for another shot at a startup.