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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
- 10:07Privasea Partners with Telecom Giant to Advance Stablecoin Use Cases in Hong KongAccording to ChainCatcher, Privasea, a leading player in the field of trusted AI computing, will partner with Hong Kong Telecom (HKT) and Golink to launch a Web3-native SIM card, offering both physical and virtual SIM card versions. This initiative aims to drive Web3 innovation in Hong Kong, actively expand the use cases for stablecoins, and build a genuine and broad user base in preparation for the upcoming launch of offshore stablecoins in Hong Kong.
- 10:06BTC Surpasses $116,000According to Jinse Finance, market data shows that BTC has surpassed $116,000 and is now quoted at $116,008, with a 24-hour decline of 2.11%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 09:37SOL Surpasses 180 USDAccording to Jinse Finance, market data shows that SOL has surpassed $180 and is currently trading at $180.04, with a 24-hour decline of 2.96%. The market is experiencing significant volatility, so please manage your risks accordingly.