Investment funds have been launched for Dogecoin DOGE $0.3253 by Grayscale Investments. Dogecoin DOGE is the most popular memecoin by market cap, the asset manager said on Jan. 31.
Grayscale said that Grayscale Dogecoin Trust offers investors exposure to “the native coin of the Dogecoin network, an open-source peer-to-peer digital currency originally derived from Litecoin, which itself originated from Bitcoin.” The trust is only available to institutional investors.
Similar to Bitcoin, Dogecoin operates on a proof-of-work (PoW) blockchain network similar but with less computationally intensive transaction verifications and no upper limit on the total DOGE supply.
In a statement, Rayhaneh Sharif-Askary, Grayscale’s head of product and research said “Dogecoin has matured into a potentially powerful tool for promoting financial accessibility.”
Uniswap v4 launches on 12 chains
As per Jan 31 announcement, the Uniswap Foundation has launched its v4 decentralized exchange (DEX) on 12 blockchain networks, including Ethereum and Avalanche.
The upgraded DEX introduces “hooks,” plugins that let developers create custom logic for cryptocurrency trading pairs, Uniswap said.
Uniswap v4 will be available on layer-2 scaling networks such as Arbitrum, Base, Optimism, and Polygon, with plans to expand to additional chains in the coming weeks, according to Uniswap.
The update introduces "hooks," which enable features like dynamic swap fee adjustments, lending unused liquidity for additional yield, automatic hedging against impermanent loss, and protection against MEV strategies, including sandwich attacks.
The Uniswap Foundation issued grants to roughly 800 developers to create a total of 150 unique hooks, it said.
In a statement the foundation said, “For protocol teams, v4 enables a way to improve user experience, and to differentiate themselves. And for developers, v4 provides a platform to build powerful new DeFi applications.”
LayerZero CEO announces settlement with FTX estate
The co-founder and CEO of crosschain protocol LayerZero Labs, Bryan Pellegrino said, the firm reached an agreement with FTX involving transactions in 2022 with Alameda Research’s venture capital arm, Alameda Ventures.
On January 31, LayerZero CEO Bryan Pellegrino announced on X that the company had reached a settlement with the FTX estate after two years of legal disputes and significant legal expenses. The case involved funds LayerZero had withdrawn before FTX’s collapse in November 2022, as well as an equity stake in the cross-chain protocol. FTX had initially sought over $21 million from LayerZero in the lawsuit.
Pellegrino explained that the decision to settle was not about fighting FTX itself but about considering the interests of creditors, including LayerZero. As part of the settlement, the original repurchase agreement was returned to the FTX estate.
In 2022, Alameda Ventures had acquired approximately a 5% stake in LayerZero. Records show that Alameda transferred $70 million to LayerZero and purchased $25 million worth of STG tokens.
