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Yield-bearing stablecoin issuer Mountain Protocol raises $8 million in Series A round
Yield-bearing stablecoin issuer Mountain Protocol raises $8 million in Series A round

Quick Take Mountain Protocol has raised $8 million in Series A funding led by Multicoin Capital. The issuer of the yield-bearing USDM stablecoin targets 10x growth in USDM supply to 500 million tokens by year-end, co-founder and CEO Martin Carrica told The Block.

The Block·2024/06/06 15:04
How Bitcoin ETFs fared over their first five months
How Bitcoin ETFs fared over their first five months

Grayscale was holding about 619,220 BTC when the spot ETFs started trading, worth over $28.5 billion at the time.On May 29, IBIT took that top spot, dethroning Grayscale as the spot bitcoin ETF with the most assets.We now have a benchmark for how long it took Grayscale to fall from the largest AUM on the bitcoin side, and now time will tell if it’s longer or shorter on the ether side.

The Block·2024/06/06 14:10
Runes tamp down BRC-20 activity
Runes tamp down BRC-20 activity

Quick Take The following is an excerpt from The Block’s Data and Insights newsletter.

The Block·2024/06/06 14:07
Flash
22:10
A recent Gallup poll shows that, in the perception of the American public, the core of the American Dream is synonymous with freedom, economic stability, and the achievement of personal success.
However, more Americans now frankly admit that their current economic situation has declined compared to before, and even more people are worried about employment issues and job security.
21:22
Renato Mariotti comments on Terry Duffy's threat to sue the CFTC
Renato Mariotti commented on CME Group CEO Terry Duffy's threat to sue the CFTC, and pointed out that CFTC's classification of perpetual contracts as futures instead of swaps may violate the Dodd-Frank Act. (CoinDesk)
20:55
MEV bot JAREDFROMSUBWAY suffers losses exceeding 15 million dollars due to an attack
According to monitoring by AggrNews, the MEV bot JAREDFROMSUBWAY suffered an attack, resulting in losses of over $15 million. (BWEnews)
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