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Quick Take

• The current market capitalization of the digital assets market sits at $2.5TN and nearly $17.8 billion in venture capital has poured into crypto firms from the beginning of the year
• From Paypal to Visa to Tesla to Morgan Stanley, some of the world’s largest and most well-respected institutions have adopted Bitcoin, digital assets, and blockchain technology
• In total, the digital asset institutional infrastructure space has at least 127 companies across 12 different sub-categories, which The Block has mapped out

During today’s keynote, Cosmos revealed the launch of a new blockchain for trialling protocols before mainnet launch.

The post Cosmos is building a new blockchain called Sagan for experimentation appeared first on The Block.

Chainalysis has bought an undisclosed amount of bitcoin for its balance sheet, following the likes of MicroStrategy and SpaceX.

The post Chainalysis buys bitcoin for its balance sheet, intends to buy more digital assets appeared first on The Block.

COIN’s hot streak continues, fueled by NFT announcement.

The post Coinbase’s hot streak continues appeared first on The Block.

Crypto tracer Chainalysis has added bitcoin to its corporate balance sheet.

• The $4.2 billion software company said Tuesday that it purchased an undisclosed amount of BTC through NYDIG, an institutional bitcoin management firm popular on Wall Street.
• CEO Michael Gronager called it Chainalysis’ first crypto buy: “We will continue to pursue other digital assets as potential future investments,” he said in a statement.
• Holding bitcoin as a reserve asset was popularized last year by MicroStrategy and has since caught on in the bitcoin mining crowd. Few public or private companies have done it, however, though Coinbase and BitGo stand out from the pack.

Read more: Crypto Sleuthing Firm Chainalysis Raises $100M, This Time at $4.2B Valuation

Revolut is on the hunt for a new CEO for its business in the United States, a key market for the $33 billion fintech firm.

The post Revolut hunts for new US CEO with Ronald Oliveira set to leave appeared first on The Block.