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Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• The L2 scaling protocol Optimism has launched its native governance token as the team looks to attract further adoption of its network, but challenges with supporting infrastructure remain
• Avalanche and Solana have made progress on their own approaches to scaling, but they face the need to make additional technical advances before they can achieve sufficient stability at scale

Bloomberg announced on Thursday that it had expanded its Bloomberg Terminal coverage to include data on 50 cryptocurrencies.

The post Bloomberg expands terminal data offering with 40 new cryptocurrencies appeared first on The Block.

The fresh raise of $8 million brings 6th Man Ventures, Worklife, B Capital Group and others onto Floor’s cap table.

The post NFT price tracker Floor raises $8 million in Series A funding appeared first on The Block.

Quick Take

• Since the second half of 2021, the bitcoin mining industry has witnessed an increasing number of traditional financial institutions jumping into the miner lending business.
• 11 major public mining firms had outstanding loan payables of $776 million as of March 31 and drew an additional $235 million in the subsequent months.
• As the interest among traditional lenders grows, we take a look at some of the most fundamental metrics for evaluating a miner’s creditworthiness.

Dorsey said he believes that Bitcoin could be a “critical” financial tool for certain communities in the US.

The post Jay-Z and Jack Dorsey fund bitcoin education program for residents of Marcy Houses in Brooklyn appeared first on The Block.

With the release of Connect, the Aztec team wants to position Connect as a privacy-preserving alternative to competing Layer 2s.

The post Aztec updates its Layer 2 network to introduce privacy-focused DeFi on Ethereum appeared first on The Block.

Orderly Network, a decentralized exchange protocol, has announced a $20 million fundraise led by a group of DeFi heavyweights.

The post Orderly bags $20 million raise in boost for DeFi protocol appeared first on The Block.

Terraform Labs and its CEO Do Kwon must comply with SEC subpoenas, according to a ruling from the US Court of Appeals.

The post Terraform Labs ordered to cooperate with SEC probe of Mirror Protocol appeared first on The Block.

Wintermute — one of the largest trading firms in the DeFi market — has been building out a decentralized exchange aggregator.

The post Crypto trading firm Wintermute has been incubating a new decentralized exchange aggregator appeared first on The Block.

FireStake, a validator on the Osmosis network, admitted that it took advantage of the blockchain’s recent exploit to take $2 million.

The post Osmosis validator FireStake admits it drained $2 million during Osmosis exploit appeared first on The Block.