The Block
Quick Take Miners prioritize revenue, making them unlikely to limit Bitcoin inscriptions like Ordinals, which could reduce their earnings, according to Bioniq CEO Bob Bodily. Even if limitations were imposed, alternative methods for data storage on Bitcoin would continue, Bodily said.
Bitcoin’s price may rise above the $50,000 mark in early 2024, according to a CryptoQuant report.The report added that 90% of bitcoin’s circulating supply is now in profit, indicating possible short-term corrections.
Quick Take Babylon has raised $18 million in a Series A round co-led by Polychain Capital and Hack VC. The bitcoin staking protocol is expected to launch “around the next Bitcoin halving.”
Quick Take Xion released its testnet focusing on “generalized abstraction” to simplify network use. It previously raised over $11 million from various investors, including Circle Ventures and Animoca Brands.
Quick Take Sindri, a zero-knowledge infrastructure platform, secured $5 million in a seed round led by CoinFund. The funding is meant to support Sindri in expanding its team, developer network and zero-knowledge-based developer stack.
Quick Take Safe (formerly Gnosis Safe) has teamed up with Sygnum Bank and Coincover to launch an optional crypto recovery service. The service called Safe RecoveryHub offers a range of recovery options from self-custodial to custodial and social recovery.
Quick Take One Trading will launch its new platform in the next few weeks, after the business span out from Bitpanda earlier this year. The startup claims it has created the fastest digital asset trading venue in the market.
Quick Take The launch in Europe comes after previous attempts to roll out its services in the UK went awry.
Quick Take Grayscale Investments CEO Michael Sonnenshein said timelines have not been shared. “We have been actively engaging with the SEC,” he said. “”We’re feeling optimistic.”
Quick Take Gaming DAO Merit Circle and Immutable announced a partnership aimed at expansion and fostering development of web3 video games. Partnership means Merit Circle’s Beam will launch on Immutable zkEVM, a scaling solution powered by Polygon.
