Dune Analytics has entered the unicorn club with its latest $69,420,000 Series B round led by Coatue.
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FTX is set to acquire Japan’s Liquid Group that runs a licensed crypto exchange in the country.
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MicroStrategy plans to continue investing its free flows into bitcoin, and expects its investors to think of it as a vehicle for crypto exposure.
The post MicroStrategy will continue to buy BTC despite 146.6 million in Q4 impairment charges appeared first on The Block.
Congress’s recent scrutiny of crypto mining is not a prelude to a crackdown, according to Representative Darren Soto.
The post ‘No pending legislation’ on crypto mining, says Blockchain Caucus co-chair appeared first on The Block.
The popular music festival will offer various kinds of NFTs ranging from digital collectibles to lifetime passes.
The post Coachella partners with FTX US to launch NFTs appeared first on The Block.
Quick Take
- The IRS is facing a severe backlog of work after a challenging 2021 tax season.
- Crypto tax experts say an overburdened IRS mostly means that the usual processes will take longer, but that’s not an excuse not to file.
A lot of it has to do with human psychology.
The post FTX’s Sam Bankman-Fried explains why NFTs outperformed broader crypto markets appeared first on The Block.
Quick Take
- Total adjusted on-chain volume decreased by 20.3% to $626 billion.
- A total of 398,062 Ethereum, equivalent to $1.2 billion, was burned in January.
- NFT marketplace volume saw an all-time high with $7 billion in monthly volume.
- Centralized exchange spot trading volumes decreased by 20% to $833.5 billion.
Digital asset management platform Amber Group is making a splash in Japan by acquiring the FSA-registered DeCurret crypto exchange.
The post Amber Group acquires FSA-licensed crypto exchange service DeCurret appeared first on The Block.
Quick take
- Squeeth (a derivative developed by Opyn) is a power perpetual indexed to the price of ETH raised to the second power.
- Power perpetuals are an iteration on everlasting options, which attempt to consolidate options market liquidity similar to perpetual futures.
- Composable perpetual options-like exposure has the potential to be a useful lego in the DeFi stack, specifically structured derivatives products, while also supporting the development of novel volatility-based on-chain derivatives.
