The Block
Quick Take Approval of spot bitcoin ETFs in the U.S. looks “nailed on” for January, according to K33 Research. Bitcoin has ranged between $40,500 and $43,500 over the past week amid “pockets of euphoria” in memecoins and alternative Layer 1 tokens, the analysts said.
Quick Take EigenLayer’s total deposits now exceed $900 million after increased LST caps. Revised caps led to a surge in inflows, currently at more than 410,000 ether.
Quick Take Lisk is collaborating with Optimism and Gelato to transition from a Layer 1 to an Ethereum Layer 2 solution. Lisk will migrate its LSK tokens to Ethereum as part of the transition. The testnet deployment of the Layer 2 scheduled for the first quarter of 2024.
7RCC intends to offer a spot bitcoin and carbon credits futures ETF, according to its S-1 filing.
Quick Take Google search volume for the term “solana” increased 250% between October and December, coinciding with the asset’s performance and surge of memecoins.
Quick Take The Ethereum Layer 2 scaling protocol Metis has dedicated 4.6 million METIS tokens toward the new Metis Ecosystem Development Fund. The Fund will begin disbursing grants in the first quarter of 2024.
ASTR, the native token of the Astar Network, posted a double digit gain after its Upbit listing.The web3 firm’s founder discussed plans to focus on the Korean market as part of its expansion outside Japan.
Quick Take Circle has launched its euro-backed stablecoin on Solana. Solana joins Ethereum, Stellar and Avalanche among the chains Circle is utilizing for EURC.
Quick Take Layer 2 Manta Pacific has adopted Celestia’s modular data availability solution to reduce transaction fees.
Quick Take The amount of AVAX burned per week has risen to its highest level yet. This is largely due to increased activity related to minting and sending inscriptions.
