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In this episode of The Scoop, Jim Greco, general partner and CEO at crypto HFT firm F9 Research, analyzes the causes behind the recent market sell off, and explains what adjustments crypto companies are going to need to make to survive a bear market.

The post F9 Research’s Jim Greco explains why crypto prices are cratering appeared first on The Block.

The deal was led by Paradigm, with support from Griffin Gaming Partners, Polygon, and Sabrina Hahn.  

The post Team behind Words with Friends raises $46 million for new gaming venture on Polygon appeared first on The Block.

Iowa’s Insurance Division has ordered the firm pay a $943,396.22 fine as part of a broader settlement with securities regulators across the US announced in February.

The post BlockFi fined more than $900K by Iowa as part of broader US regulatory settlement appeared first on The Block.

Coinbase stock down on the open following layoff announcement from CEO Armstrong.

The post Coinbase stock fluctuates at the open following layoff announcement appeared first on The Block.

Quick Take

• BitDAO is an investment DAO launched by Bybit in June 2021 to provide funding for promising projects across the blockchain ecosystem through community-driven investment proposals
• It has become one of the largest DAOs in the crypto space with an estimated treasury of $2.8 billion in assets and has invested in four key verticals since inception
• A consistent growth in community and sustained influx of treasury assets will build a steady runway for BitDAO’s success in the future

Lido’s staked ether (stETH) is now almost 7% cheaper than the price of ether (ETH) due to continued selling pressure from whale holders.

The post Lido staked ether selloff continues as larger holder unloads 56,000 stETH appeared first on The Block.

CEO Brian Armstrong wrote that the decision had been made to ‘ensure we stay healthy during this economic downturn.’

The post Coinbase cuts workforce by ‘about 18%’ appeared first on The Block.

The USDD stablecoin slipped further from its peg to the dollar on Tuesday in a sign of ongoing stress in crypto markets.

The post Tron’s algorithmic stablecoin slips further from its dollar peg appeared first on The Block.

The release comes despite wider market volatility in crypto and a recent drop in floor price of popular NFT projects.

The post French fashion brand Lacoste wades into web3 with NFT launch appeared first on The Block.

ScienceMagic.Studios, a firm advising brands and talent on implementing web3 technologies, has raised $10 million in pre-seed funding. 

The post Web3 tech advisory firm ScienceMagic.Studios raises $10 million pre-seed appeared first on The Block.