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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
- 12:42Vitalik shares post on "10 Years of Zero Maintenance for Ethereum"According to Jinse Finance, Vitalik Buterin reposted on X: Ethereum has been running continuously for ten years with zero downtime and zero maintenance. Meanwhile, Facebook experienced a 14-hour outage, Cloudflare abandoned 19 data centers, and other Layer 1 networks have faced multiple issues. Ethereum will never stop—whether it's forks, crashes, bubbles, lawsuits, hacks, or any dramatic events the internet might trigger. Even as banks collapse and servers require patching, Ethereum continues to operate.
- 12:12Everbright Securities: Stablecoins Will Drive the Rise of RMB Global Payment ActivityAccording to a report by Jinse Finance, Everbright Securities has released a research paper stating that the global retail cross-border payments market will reach $39.9 trillion in 2024. FXC Intelligence forecasts that this figure will rise to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In business areas such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have become deeply integrated into the full-chain payment service ecosystem, playing a vital role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, thereby creating significant revenue growth opportunities for third-party payment companies. (Daily Economic News)
- 12:12Yonhap News: South Korean Finance Minister may hold tariff talks with the United States on July 31According to Jinse Finance, Yonhap News Agency reports that South Korea's Finance Minister may hold tariff negotiations with the United States on July 31.