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Pi Network’s token has surged 86% in value, reflecting strong market interest despite ongoing controversies.
Quick Take This is an excerpt from the 22nd edition of The Funding sent to our subscribers on Feb. 23. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take A recent proposal by the Arbitrum DAO’s recently-appointed Growth Management Committee has sparked backlash after recommending that 7,500 ETH be deployed to Lido, Aave, and Fluid, three decentralized finance protocols not native to Arbitrum. The proposal argues the selected protocols “represent safe applications that achieve conservative yield and strongly support ecosystem growth,” while critics argue the move signals that Arbitrum-native protocols are inferior. Should the proposal fail, the co
- 09:22Galaxy Digital distributes 3,715 BTC to 12 new addresses again in the past 15 minutesAccording to Jinse Finance, on-chain analyst Ai Yi has monitored that Galaxy Digital distributed 3,715 BTC, worth $428 million, to 12 new addresses in the past 15 minutes. The ownership of these addresses is currently unknown, and the receiving addresses have not taken any further action.
- 09:03American Economist Sachs: The Future Internationalization of the Renminbi and Digital Currencies Will Play a Key Role in TransformationAccording to a report by Jinse Finance, American economist and Director of the Center for Sustainable Development at Columbia University, Jeffrey Sachs, recently pointed out that the international monetary system is gradually moving toward diversification. He predicts that the influence of the US dollar will decline significantly within the next decade. He stated that the internationalization of the renminbi and the rise of digital currencies will become key driving forces in reshaping the global financial landscape.
- 08:57Galaxy Digital has transferred nearly 30,000 BTC todayAccording to a report by Jinse Finance, Lookonchain monitoring shows that Galaxy Digital has transferred nearly 30,000 BTC today (worth $3.5 billion), with most of it sent directly to exchanges and sold. Subsequently, Galaxy Digital withdrew 1.15 billion USDT from exchanges and currently still holds 18,504 BTC (worth $2.14 billion).