The Block

Quick Take The Elon Musk-led company did not mention bitcoin activities in its Q4 report, suggesting that the firm retained its bitcoin holdings.

Quick Take Several major South Korean corporations, including Hyundai and Netmarble, have recently terminated their web3 divisions.

With the latest funding round, the company said its valuation sits at $900 million.The firm plans to use the new funds to enter new markets and grow existing products.

BlackRock filed for its spot Ethereum ETF in November, called the iShares Ethereum Trust.Fidelity’s application for the Fidelity Ethereum Fund was also delayed.

The price of bitcoin largely hovered around $40,000 on Wednesday as market watchers kept their eye on the selling off of Grayscale’s spot bitcoin ETF.Bitwise executive Matt Hougan said on Tuesday that there has been an “expectations-led” sell-off in recent days.

Bitwise published digital wallet addresses containing its spot bitcoin ETF holdings as a way to bolster on-chain transparency.

The Block spoke with Coinbase Head of Institutional Product Greg Tusar and Head of Coinbase Institutional Brett Tejpaul.The executives shared their take on how the spot bitcoin ETF launches went and where they go from here.

Quick Take Brink’s Company, a firm known for its armored trucks carrying cash, has partnered with and made an investment in crypto custody firm BitGo. Brink’s will become BitGo’s global secure logistics and vaulting provider through the partnership.

Quick Take Noble partnered with Hashnote to introduce tokenized securities in the Cosmos ecosystem. The collaboration’s first product is USYC, a short-duration fund that includes U.S. treasury bills.

Quick Take B&S Holdings, which allegedly caused the sequential suspension of withdrawals, reportedly lost hundreds of millions in the FTX collapse.