The Block
Quick Take Someone spent $8.6 million worth of SOL to buy 15.92 million dogwifhat (WIF) on Jan. 10 — at a near immediate loss. The price of WIF rose 118% the last 24 hours.
Quick Take Users with Vanguard brokerage accounts have not been able to buy spot bitcoin ETFs during their first day of trading in the U.S. A company spokesperson said it has no plans to offer crypto products, citing high volatility.
Quick Take House Financial Services Committee Chair Patrick McHenry, Rep. Bill Huizenga of Michigan, Rep. French Hill of Arkansas and Rep. Ann Wagner of Missouri called the SEC’s lack of two-factor authentication “unacceptable.”
BlackRock and Fidelity are leading the pack of new spot bitcoin ETFs that began trading on Thursday, with more than $958 million in trading volume between the two instruments in early trading.Some new bitcoin ETFs had less than $10 million win trading volume while Grayscale’s product, which is a conversion, had about $1 billion in trading volume.
With spot bitcoin ETFs starting to trade, nearly the entire crypto market is up with high-profile tokens like Ethereum, Solana, Cardano, XRP and Avalanche all increasing by more than 10% during the past 24 hours.
Spot bitcoin ETFs are live in a first day of trading in the U.S.
Quick Take The Cosmos-based, EVM-compatible Layer 1 Berachain has launched its public testnet ahead of the anticipated mainnet release in Q2. Berachain introduces the concept of “proof of liquidity” consensus — aimed at aligning incentives between security and liquidity.
Quick Take StarkWare CEO Uri Kolodny has stepped down, but will remain a board member of StarkWare and the Starknet Foundation. StarkWare co-founder and president Eli Ben-Sasson is taking over the CEO role.
Quick Take USDC stablecoin issuer Circle has confidentially filed for an initial public offering of its equity securities.
Quick Take Bitfinity, an EVM-compatible Bitcoin Layer 2 network based on the Internet Computer protocol, raised $7 million in total funding. The funding was realized via tokens rounds, with the latest valuation reaching $130 million, Bitfinity co-founder Max Chamberlin told The Block.
