The Block
Quick Take Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital participate in $25-million Series A investment in crypto mobile payment firm Oobit. Oobit wants to make it easier for consumers to purchase goods and services using cryptocurrency.
Quick Take Ethereum Name Service is collaborating with GoDaddy to link domain names to blockchain-based ENS names. The collaboration aims to connect traditional DNS with blockchain names, requiring no extra costs or technical knowledge.
Quick Take Chapter 2, the successor to Solana’s hit crypto phone Saga, reached 60,000 preorders ahead of its tentative 2025 rollout.
Quick Take Former Terraform Labs CFO Han Chang-joon has been extradited from Montenegro to South Korea. Han Chang-joon was handed over to South Korean authorities following a decision by the Balkan country’s Ministry of Justice.
Wider markets are looking to May for the commencement of the Federal Reserve’s anticipated rate-cutting cycle, an analyst said.
Quick Take A judge has ordered Ryder Ripps and Jeremy Cahen to pay nearly $9 million in damages to Yuga Labs in a final judgment that brings the long-running trademark infringement suit to an end. With penalties of only about $1.5 million, most of the sum is attorneys’ fees.
Quick Take “Shrapnel” joins other high-profile early releases of blockchain games on the Epic Games Store including “Illuvium” and “Star Atlas.” Neon Machine, the game studio behind the project, aspires to empower gamers to customize “every aspect of the game, from its characters and weapons to in-game maps.”
Quick Take Crypto lender Genesis, as part of its bankruptcy proceedings, has filed a motion asking a judge to approve the sale of certain trust assets, including nearly $1.4 billion in Grayscale Bitcoin Trust shares. Assets also include $200 million in shares of Grayscale’s Ethereum and Ethereum Classic trusts.
Quick Take FTX has filed a motion that would allow the company to sell its nearly 8% stake in AI company Anthropic, which could fetch a price of over one billion dollars. FTX also asked the court to shorten the sale motion’s deadlines so it can be heard at the court’s next hearing, currently scheduled for February 22.
Quick Take Former Senior Vice President of Compliance Steve Christie is returning to Binance after leaving for health and family reasons. Christie will step in as the firm’s Deputy Chief Compliance Officer and work to bolster the exchange’s global compliance program.
