FreeCryptoCurrency.Me

Quick Take

• Some DeFi protocols have launched governance tokens with retroactive distribution to their users.
• Despite the controversial token launch, Curve Finance is already distributing fees to veCRV holders.
• Uniswap governance, with the help of Dharma and the Gauntlet Network as delegates, executed its first proposal for Grants Program.
• The community saw signs of vote manipulation by 1inch to receive the most revenue.

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The aggregated open interest on Ethereum (ETH) options and futures broke records this past weekend, according to data compiled by The Block Research. 

Ethereum futures peaked at $2.65 billion on January 3, growing 28.6% from December’s peak. Binance held the largest share at 23.8%, with OKEx in second place with 17.8% and Huobi’s 14.4% in third.  

Aggregated open interest options on Ethereum also reached an all time high on Sunday at $1.22 billion, with Deribit holding the largest share at 86.8%. 

© 2021 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.

Digital asset services firm Ripio said Tuesday that it acquired BitcoinTrade, Brazil’s second-largest crypto exchange, for an undisclosed amount. Ripio plans to bolster its presence in Brazil and across Latin America with the move. 

“We’re very excited and confident that Ripio is the best choice to help extend the path we’ve built with BitcoinTrade in Brazil,” said BitcoinTrade founder Carlos Andre Montenegro in a press statement. Montenegro will exit his role as CEO but remain at Ripio, with BitTrade CFO Bernardo Teixeira taking over as chief executive.

BitcoinTrade was founded in 2017 and is now one of the main cryptocurrency exchanges in the country. 

As previously reported by The Block, Ripio is one of a number of firms in Latin America that are advancing crypto-centric transactions in the region — particularly in the context of stablecoins. Ripio previously said that saw a significant jump in stablecoin activity during the first and second trimesters of 2020, chiefly in Argentina.

© 2021 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.

TradeBlock, a crypto market index provider and data firm, has been acquired by CoinDesk.

The deal, announced Tuesday, will see TradeBlock, which previously raised funds from the likes of A16z and Digital Currency Group, become a wholly owned subsidiary of CoinDesk, which is itself a subsidiary of DCG.

The terms of the deal were not disclosed. TradeBlock was founded in 2013, and its founders later created Axoni, a firm focused on distributed ledger applications in capital markets. TradeBlock raised $2.8 million in 2014.

CoinDesk is positioning the deal in part as a means to offer new data-focused and index products. “The entire TradeBlock team will stay with the company in the acquisition,” the media company said in its release. 

“Mainstream acceptance of bitcoin is accelerating right now as Wall Street wakes up to its potential. With that has come an urgent need for the kind of robust data and professional tools that enable institutions to participate,” CoinDesk CEO Kevin Worth said in a statement. 

© 2021 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.