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Sui Network faces 'major outage' as validators go down

Sui Network has been down for nearly two hours. The team appears to be investigating the issue.

theblock.co • 21/11/2024 - 11:26 AM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Coinbase to delist wBTC as Justin Sun gains influence over protocol, launches its own wrapped bitcoin token

Coinbase will suspend trading of wBTC on December 19, 2024, amid changes in the wBTC protocol influenced by Justin Sun and following BitGo's new custody arrangements.

theblock.co • 19/11/2024 - 18:02 PM

Competing AI agent tokens within ai16z community cause debate as prices whipsaw

Memefund ai16z planned to launch an AI token inspired by the ELIZA chatbot with a partner, but the project was frontran with “ai16zeliza” created by another entity. After ai16z partner “Shaw” posted that Eliza had been “set free,” launching a competing ELIZA token, whipsawing price action ensued, sparking a community debate.

theblock.co • 19/11/2024 - 16:31 PM

A16z-backed Forta launches Firewall to help prevent smart contract exploits

Forta has launched Firewall, a product designed to detect and prevent smart contract exploits, using machine learning to enhance security for the decentralized finance ecosystem.

theblock.co • 19/11/2024 - 15:23 PM

Bernstein outlines $200,000 bitcoin target catalysts as price nears fresh all-time high

Bernstein analysts predict bitcoin could reach $200,000 by 2025 due to political changes, regulatory adjustments, and increasing demand from institutions and retail investors.

theblock.co • 18/11/2024 - 11:20 AM

JPMorgan eyes six potential crypto market changes under Trump

Following the U.S. election, JPMorgan analysts predict significant changes in crypto regulations and market dynamics under Trump and a Republican Congress, impacting legislation, bank involvement, and investment opportunities.

theblock.co • 15/11/2024 - 13:16 PM

DeFi platform Folks Finance raises $3.2 million Series A at $75 million valuation

Folks Finance raised $3.2 million in Series A funding led by Borderless Capital, exceeding expectations and indicating future token plans for its cross-chain DeFi platform.

theblock.co • 14/11/2024 - 13:00 PM

TOKENS

Pepe’s market cap briefly tops $10 billion on back of 77% price surge

Pepe's market cap briefly hit $10.2 billion after major exchanges listed it, with a 77% price surge and increased accessibility for U.S. investors.

theblock.co • 14/11/2024 - 03:37 AM

The Daily: Trump says 'DOGE' to be led by Musk and Ramaswamy as Dogecoin soars, Bitwise CIO makes the case for $500K bitcoin and more

President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million in funding, including a $40 million seed round and a $250 million token purchase commitment. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 13/11/2024 - 18:52 PM

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