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Quick Take Michael Saylor’s MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC. In all, the firm reported a 5% decrease in year-over-year revenue of $115.2 million.
Last week marked the third straight week of outflows for US bitcoin funds as demand for the BlackRock and Fidelity products hit a low point
Quick Take Moonbirds, recently acquired by NFT studio Yuga Labs, announced a “new direction” that includes both requiring people to own a Moonbird token if they want to commercialize the assets and introducing “a new art direction and 3D avatars built for animation” and Yuga Labs’s Otherside metaverse project. In 2022, Moonbirds adopted the Creative Commons CC0 copyright code, which meant the art became part of the public domain and could be freely commercialized without the owner’s consent.
EigenLayer unveiled its native token, which will be distributed by the newly formed Eigen Foundation. The project will allocate 15% of Eigen tokens over multiple seasons to stakers.
TD Cowen anticipates a prolonged legal battle between Consensys and the SEC.The investment bank reiterates that it does not expect the SEC to approve spot Ethereum ETFs before 2025.