Blockchain Evening Briefing | Must-Know Updates on February 8

Key Highlights Today

February 8 brought several notable developments in the blockchain space. Here's a recap of the most important updates:

• Block May Cut 10% Workforce: The company is reportedly considering a potential 10% workforce reduction.
• CoinShares on Bitcoin's Quantum Risk: CoinShares' analysis suggests that Bitcoin's risk from quantum computing is manageable and market concerns are overblown.
• Ethereum PoS Staking Grows: Over 4 million ETH are now queued for staking on Ethereum's PoS network, reflecting strong confidence in the ecosystem.
• Kyle Samani Criticizes Hyperliquid: Kyle Samani accused Hyperliquid of operating closed-source code and enabling criminal and terrorist activities.
• Ark Invest Adjusts Holdings: Ark Invest added $10.7 million in Bullish shares while offloading $22 million worth of Coinbase shares.
• Vitalik on ETH's Dual Role: Vitalik Buterin highlighted ETH's role as both a store of value and a cornerstone application within the Ethereum ecosystem.