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Quick Take High fees might have caused the slowdown in Bitcoin active addresses, but it doesn’t appear to be the main culprit. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take DAI’s supply has climbed from 4.42 billion to 5.48 billion, a 24% jump in two months. When looking at the raw circulating supply of DAI, its supply has been on a downward trend for a while. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin traded down after U.S. wholesale prices jumped 0.5% in April, another sign inflation remains sticky.Traders are looking at Tuesday’s PPI reading and Wednesday’s CPI data for clues on rates.
Polymarket Labs has raised $70 million across two rounds, the most recent led by Peter Thiel’s venture capital firm Founders Fund. Ethereum co-founder Vitalik Buterin is also among the decentralized prediction market platform’s backers.
Paxos tapped Giancarlo, who has also been nicknamed “CryptoDad,” to serve on its board of directors. Giancarlo was chair of the CFTC from March 2017 to April 2019, where he oversaw the first bitcoin futures products being launched.
