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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
- 06:32LazAI’s debut IDO project CALITH is now trading at $0.4646, with a market capitalization surpassing $46 millionBlockBeats News, July 30 — The first IDO project on LazAI’s Launchpad platform, LazPad, Corrupted Alith (token: CALITH), is currently priced at $0.4646, with a circulating market capitalization of $46 million. Since its TGE (Token Generation Event) opening price of $0.0088 on June 10, CALITH has surged by 5,163%, making it the top-performing AI concept token within the Metis ecosystem this year. CALITH has also been listed on Netswap, the native decentralized exchange of the Metis ecosystem. LazPad is a user-friendly on-chain AI agent launch platform that supports both open and curated assetization pathways. Backed by the robust internal incentive ecosystem of LazAI and deeply integrated into its broader ecosystem, LazPad is dedicated to transforming complex AI models into interoperable, composable, and tradable agent tokens. These AI agents, carried by tokens, open up collaborative crowdfunding, public participation, and mutually beneficial development opportunities for creators, investors, and the agents themselves, thereby unlocking and activating intrinsic value potential.
- 06:32Ethereum Foundation Transfers Another 1,000 ETH to Its Internal Address, Worth Approximately $3.83 MillionAccording to a report by Jinse Finance, Arkham monitoring data shows that approximately 18 hours ago, the Ethereum Foundation once again transferred 1,000 ETH (worth about $3.83 million) to its internal address (address: 0xbC9a...fbC3). This address currently holds 13,531 ETH, valued at approximately $36,101,347.
- 06:31Analysis: After the "80,000 BTC Ancient Whale" Sell-off, 97% of Circulating Supply Remains in ProfitBlockBeats News, July 30 — Glassnode published an analysis regarding last weekend’s “80,000 BTC ancient whale” sell-off, noting that despite a seller volume as high as $9.6 billion, the market effectively absorbed the selling pressure. Bitcoin’s price dropped to $115,000, then briefly stabilized at $119,000, slightly below its all-time high. The analysis states that even after this large-scale distribution event, the unrealized profit held by market participants remains substantial. Currently, more than $1.4 trillion in paper gains are being held, and 97% of the circulating supply is still in profit. According to multiple on-chain valuation models, Bitcoin’s price is still fluctuating between $105,000 and $125,000. If it decisively breaks out of this range, a rally toward $141,000 could be triggered. Given the high level of unrealized profit expected at that price, selling pressure may further intensify in this area.