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Polychain Capital leads $38 million round for Movement Labs to bring Facebook’s Move to Ethereum

Polychain Capital leads $38 million round for Movement Labs to bring Facebook’s Move to Ethereum

Movement Labs will use the funding to bring Facebook’s Move Virtual Machine to Ethereum ahead of a potential mainnet launch this year.

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Movement Labs Raises $38M For Rollup Based on Facebook’s Move Language

Movement’s 21 and 24-year-old co-founders say they are on a mission to “make blockchain security sexy” with the launch of their L2.

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The memecoin ‘casino’ undermines crypto’s long-term prospects: a16z

Memecoins, collectively worth tens of billions of dollars in market cap, are unpopular among some builders in the crypto space.

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MicroStrategy could see $3 billion earnings boost if it adopts new accounting rules: Benchmark

MicroStrategy could boost its earnings by over $3 billion if it chooses to adopt new accounting rules, according to Benchmark.

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Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.

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The FTC’s Non-Compete Ban Is Good for the Crypto Industry

Employment contracts that stop free movement of labor conflict with an innovative industry’s open-source ethos, says Linda Jeng, CEO of Digital Self Labs, a Web3 advisory firm.

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SEC delays decision on listing and trading spot bitcoin ETF options, asks for public comments

The U.S. SEC is again delaying a slew of proposals that would allow for options on spot bitcoin ETFs and asked for public input. 

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CryptoPunk sells for 4,000 ETH ($12.41 million), sixth-most expensive ever

The sale is the sixth-most expensive CryptoPunk sale of all time and the third-most expensive one to happen in 2024. 

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Arbitrum, Optimism, Polygon, StarkWare and zkSync to integrate with Avail for data availability

Following Avail’s upcoming mainnet launch, the integrations aim to help developers build more scalable, cost-efficient and composable chains.

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Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync

The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.

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