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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
• Emerging L1 DeFi ecosystems are starting to contend with unique technical challenges related to performance and scalability while more established chains deal with the fallout of recent network outages and developer scandals
• This week, we take a look at Cardano, Harmony, Fantom, and Solana

After immense backlash from musicians and fans, the music NFT marketplace HitPiece removed the beta version of its platform.

The post Music NFT marketplace HitPiece slammed for selling music assets without artist permission appeared first on The Block.

Quick Take

• While Jump Trading has built its name and reputation in the traditional finance world being one of the largest traders by volume, its been involved with the crypto sector in some capacity since 2015
• Throughout 2021, Crypto trading firms, including Jump ramped up their venture investing in early-stage startups and projects
• In total, the firm has deployed capital to at least 99 startups and protocols across 15 verticals, which The Block has mapped out.

According to a series of etherscan transaction records, an attacker has just exploited Wormhole, a bridge between the Ethereum and Solana blockchains, for close to $256 million in ETH. Wormhole is a bridging protocol that enables assets to move across various blockchain protocols. When a user sends assets from one chain to another, the bridge […]

The post $256 million in ETH stolen from cross-chain protocol Wormhole appeared first on The Block.

Quick Take

• January saw a considerable amount of C-suite hires in the crypto industry.
• Plus, there are a lot of new faces on the crypto company boards.

A Treasury undersecretary is slated to guide Congress through the department’s reasoning on stablecoins in the next two weeks.

The post House and Senate hearings on stablecoins will spotlight official behind Treasury report: sources appeared first on The Block.

Pixel Vault intends to use the funding to launch a multi-franchise non-fungible token platform for individuals to own digital media content.

The post NFT-focused web comic creator Pixel Vault raises $100 million in funding appeared first on The Block.

Crypto asset manager Grayscale has made a splash in the $7 trillion exchange-traded fund market by launching its first ETF.

The post Grayscale debuts ETF to track digital asset-based equities index appeared first on The Block.

WazirX CEO Nischal Shetty is building an “infinitely scalable” blockchain called Shardeum, which aims to serve billions of users.

The post WazirX CEO Nischal Shetty unveils new blockchain project Shardeum appeared first on The Block.

Atlas Technology Management Pte. Ltd (Atlas) theSingapore headquartered technology group and one of the world’s largest companies application specific computing has said in its year end note that it expects aggressive growth from its bitcoin mining operations in 2022 and that it sees an abundance of opportunities to expand its services in the face of a Web 3.0 future.

The post Atlas to Accelerate its Global Expansion Seropositive Growth Outlook for BTC Mining Industry Beyond 2022 appeared first on The Block.