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FTX’s bankruptcy proceedings move forward as the estate auctions off substantial Solana assets.
The suit, filed in a Texas court, alleges a regulatory overreach by the SEC
The 7-day moving average of the change in USDT held by exchanges reached $568 million — its highest level in a year. This is an excerpt from The Block’s Data & Insights newsletter.
The blockchain and web3 development company behind the well-known MetaMask Wallet filed a lawsuit against the agency on Thursday in a Texas court. The firm also noted in the complaint that SEC staff sent Consensys a Wells notice earlier this month, meaning a formal notice that the agency plans to bring an enforcement action against them.
ViaBTC auctioned off an ‘epic sat’ associated with the fourth Bitcoin halving block for 33.3 BTC ($2.13 million) on the crypto exchange CoinEx Global. Only four of these ‘epic sats’ exist thanks to the Bitcoin Ordinals protocol.
Web3 gaming platform Immutable said it’s launching a gaming “rewards program” worth $50 million. Games involved include high-profile crypto titles like “Illuvium” and “MetalCore.”
- 04:26Bitwise: Predicts that Ethereum will reach $7000 by 2025, and SOL will reach $750Bitwise predicts that Ethereum will reach $7000 by 2025, and SOL will reach $750.
- 03:58Ethena may collaborate with Aave to launch a new product, expected to go live in 1-3 monthsEthena Labs founder Guy Young posted a photo of his discussion with Aave founder Stani, stating: "Aavethena is a great proof of concept, Arcthena will increase the scale of DeFi by 10 times." In response to users asking about the timeline, Guy's answer was within 1-3 months.
- 03:55The trading volume of stablecoins reached 1.41 trillion US dollars in December 2024 after adjustment, setting a new historical recordData shows that in December 2024, the trading volume of stablecoins increased by 20.3% after adjustment, reaching a historical high of $1.41 trillion; the supply of issued stablecoins increased by 1.7% to reach $170 billion, with USDT and USDC's market shares being 79.2% and 18.3%, respectively; In addition, Bitcoin miners' income reached $1.44 billion, an increase of 18.9%, ETH stakers' income was $342 million, an increase of 30.2%. In December, a total of 47,064 ETH were burned on the Ethereum chain equivalent to $174 million since implementing EIP-1559 a total of approximately four point five three million ETH have been destroyed worth about twelve point eight billion dollars.
