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Quick Take

• Livepeer is a video streaming network built on the Ethereum blockchain to provide video transcoding infrastructure.
• The recent successful migration to Arbitrum has allowed greater profitability and efficiency of operations between network orchestrators and delegators.
• Usage metrics on Livepeer have been encouraging, with a 573% increase in transcoding service usage and 68% increase in transcoding revenue year-on-year.
• Fresh investor funding and continued community engagement are catalysts for the continued growth of the Livepeer network moving forward.

While the proposal has been wracked by political controversy, the CFTC is clearly invested in it. Expect delays, but the proposal’s ultimate outlook is bright. 

The post What’s next for FTX’s proposal for crypto derivatives trading in the US? appeared first on The Block.

ARK Invest and 21Shares are making another attempt to get their collaborative bitcoin ETF through the SEC.

The post ARK and 21Shares make another attempt at a bitcoin etf approval appeared first on The Block.

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Quick Take

• Rollups have seen significant adoption and development over the past year
• In general, optimistic rollups have outperformed zk rollups in terms of adoption, likely due to the convenience of EVM compatibility they offer
• Both DeFi and NFT activity have ramped up on rollups, indicating that Ethereum users have been migrating their funds to rollups
• A handful of ZK rollups are looking to support EVM compatibility, although that will likely still take quite some time
• Optimism recently launched its native token, which raises questions on how other rollups may launch their own token

The round, first announced in October, brought Elliptic’s total funding to date to $100 million.

The post Blockchain analytics firm Elliptic announces JPMorgan joined its $60 million Series C appeared first on The Block.

Block, Inc. released its first study on bitcoin, gauging knowledge and perceptions of the cryptocurrency in 14 countries.

The post Lack of knowledge about bitcoin is the biggest barrier to use, finds new study by Block, Inc. appeared first on The Block.

Co-CEO RJ Phillips described the new platform as ‘family friendly.’

The post Former OnlyFans execs set to launch influencer NFT trading card app appeared first on The Block.

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 creation of adequately decentralized and secure stablecoins remains a lofty but important goal for a crypto industry that hopes to one day facilitate the majority of the world’s financial activities
• Taking inspiration from Terra’s astonishing level of growth prior to its now-infamous collapse, several L1s are now boldly pushing forward with experimental stablecoins of their own as they attempt to drive growth to their ecosystems
• This week, we take a look at Fantom, NEAR, and TRON

Tether has launched a new Mexican peso-pegged stablecoin, marking its entrance into Latin America.

The post Tether launches a new stablecoin pegged to the Mexican peso appeared first on The Block.