Quick Take
- Capital is pouring into crypto companies, particularly exchanges, propelling them to unicorn status
- Two in-progress fundraises — Gemini and BinanceUS — speak to the state of interest in the market today
Lummis advocated for the value of a programmable dollar that represents a direct claim on the Federal Reserve.
The post Senator Lummis lays out principles for a US digital currency, alongside continued role of private stablecoins appeared first on The Block.
The capacity of the Bitcoin Lightning Network has reached an all-time high, nearing 3,000 bitcoin, according to The Block’s Data Dashboard.
The post Bitcoin’s Lightning Network capacity reaches an all-time high appeared first on The Block.
Noah Davis, associate vice president and head of digital sales at Christie’s, joins The Scoop podcast to chat about the auction house’s growing NFT footprint.
The post Christie’s NFT business is booming despite a market lull appeared first on The Block.
XDEFI Wallet, a multi-chain browser wallet extension that claims to be a Metamask challenger, has raised $6 million in a new funding round.
The post Multi-chain crypto wallet XDEFI raises $6 million in new funding appeared first on The Block.
The Bank of England said Wednesday that it has staffed up a pair of third-party working groups that will collectively provide input as the U.K. central bank pursues initiatives related to central bank digital currency (CBDC).
The post Bank of England announces members of CBDC working groups including PayPal, Monzo and more appeared first on The Block.
R3, developer of the enterprise blockchain Corda, is exploring the launch of a DeFi network with a corresponding token.
The post R3 is working on a DeFi network with its own token appeared first on The Block.
A body formed to steer the development of Metaplex, an open-source platform for building NFT storefronts, has named former Citadel and Google executive Adam Jeffries as CEO, according to a press release.
The post Solana-based NFT platform Metaplex Studios names new CEO and advisory board appeared first on The Block.
Ripple has announced a “creator fund” worth $250 million to support NFT projects building on its native blockchain XRP Ledger.
The post Ripple announces $250 million fund to support NFT projects on XRP Ledger appeared first on The Block.
Quick take
- After massive inflows last summer, liquidity in on-chain DEX’s has struggled to sustain further growth.
- AMM’s are currently in a state where passive strategies aren’t sufficiently profitable to attract additional liquidity, and on-chain bandwidth remains prohibitive for traditional order books.
- The space between basic AMM’s and central limit order books remains largely unexplored and could contain an avenue to further enhance on-chain liquidity.
