Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Block reports that its Bitcoin wagers, helped along by the Cash App, brought in $20M. After-hours trading saw a spike in the stock of the Jack Dorsey-led payment company, which reported a 90% year-over-year gain in BTC.
  • A U.S. judge decided on Thursday that bankrupt cryptocurrency exchange FTX may sell its stake in artificial intelligence startup Anthropic. Based on court papers, FTX invested $500 million in Anthropic in 2021 and today owns 7.84 percent of the company.
  • According to his X post, Jeffrey Zirlin, co-founder of Sky Mavis, the company that made the Axie Infinity game, said that two of his wallets were compromised on Friday morning, Asia time, but Ronin was unaffected.
  • Fabric Ventures sponsored a strategic fundraising round for Superfluid that brought around $5.1 million. One-to-many streams are now possible thanks to the introduction of “distribution pools” by the Ethereum-based token streaming platform.
  • Plans to investigate stablecoin applications and regulations have been made public in South Africa. Stablecoin regulation is a key focus area.
  • The BNB Chain network has welcomed the protocol launch of Aave on its chain, a decentralised money platform.
  • With intentions to launch native ETH restaking on the BNB Chain in partnership with Connext, Renzo announced Ethereum restaking with a sizeable investment from Binance Labs by providing a unique rewards system and accepting multiple tokens, including wBETH and stETH.
  • Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) are held by social network Reddit, according to an IPO filing the company made with the U.S. SEC on February 22.
  • Helius raises $9.5 million to improve the Solana development platform. Helius wants to use the $9.5 million to expand its workforce and strengthen its tech stack in order to improve the developer experience on the Solana blockchain.
  • With the goal of tripling the daily performance of the CME Bitcoin Futures index, Valkyrie Investments launches BTFX, a 2x leveraged Bitcoin futures exchange-traded fund.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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