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Decentralized exchange protocol Kyber Network has launched a dynamic market-making (DMM) protocol, which it says is designed to be more capital efficient than its automated market-making (AMM) protocol.

The post Kyber Network launches dynamic market-making protocol for higher capital efficiency appeared first on The Block.

Quick Take

• For the first time since January 2018, the infamous “Kimchi Premium” has returned in the last week of March 2021 (premium above 10%).
• While it remains far below the 2017 peak levels, it signals strong retail inflows.

Gucci and a number of other luxury fashion brands are reportedly close to launching non-fungible tokens (NFTs).

The post Gucci, other luxury fashion brands are poised to launch NFTs: Report appeared first on The Block.

Quick Take

• Q1′ 21 was a historical quarter in venture funding for the crypto/blockchain sector with roughly $3.18 billion allocated to crypto/blockchain projects
• The first quarter had more private investment in dollar volume than all of 2020 combined
• Five deals this quarter qualified as one of the fifteenth largest crypto/blockchain funding deals of all time, all occurring in March.
• Decentralized Finance (DeFi) continues to be a popular vertical amongst investors, roughly 26% of the private investment rounds that occurred this quarter were DeFi-related projects. 

Local broadcaster TVB said the 300 GPUs were just launched last month, which could be the Crypto Mining Processor rolled by NVIDIA. 

The post Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operations appeared first on The Block.

Bitcoin is trading near $66,000 levels in South Korea as “Kimchi Premium” has returned.

The post Bitcoin is trading near $66,000 in South Korea as ‘Kimchi Premium’ returns appeared first on The Block.

The Bank of Japan announced Monday that it has begun central bank digital currency (CBDC) experiments.

The post Japan’s central bank begins digital currency experiments appeared first on The Block.

Ethereum miners set a record for monthly revenue in March after doing the same thing in February,  according to data gathered by The Block. 

The post Monthly Ethereum miner revenue reached all-time high in March appeared first on The Block.

This month marks the first time since November 2020 that the monthly DEX volume has decreased, according to data gathered by The Block.

The post March decentralized exchange volumes fell by 8% appeared first on The Block.

Fei Labs, the firm behind the Fei Protocol stablecoin, raised 639,000 ETH, roughly $1.27 billion at current prices, in commitments for its Fei Protocol stablecoin on Saturday. The ETH raised will be used as collateral to mint Fei stablecoins. According to Fei Labs, over 17,000 unique addresses participated in the “Genesis” event of the Fei […]

The post Fei Labs raises over $1.2 billion for its stablecoin project appeared first on The Block.