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The mining of the first block since the invention of Bitcoin Ordinals and the launch of the Rune protocol led to sky-high fees paid to miners for the first few blocks of the halving. The most valuable block in Bitcoin’s history, however, was the result of a mistake.
This is the fourth edition of a regular opinion column by The Block’s editor-in-chief on current events in the crypto space and other musings.Today’s topics include the bitcoin halving, the Mango Markets exploiter, Telegram, Tether and upcoming Hong Kong ETFs.
Grayscale’s Bitcoin Mini Trust, a new fund automatically formed from 10% of the Bitcoin held by GBTC, will charge a more competitive rate than its parent.
- 01:33As of the end of September, BlackRock holds IBIT shares worth 78 million US dollars through two investment fundsAccording to reports, newly shared documents by the U.S. Securities and Exchange Commission (SEC) show that BlackRock has increased its holdings in the iShares Bitcoin Trust (IBIT) for its two funds, totaling $78 million as of September 30. The BlackRock Strategic Income Opportunities Fund (BSIIX), which manages $39 billion in assets, disclosed that it added over 2 million shares of IBIT to its portfolio during the period ending September 30. Currently, the fund holds 2,140,095 shares of IBIT, valued at approximately $77 million. Another document reveals that the BlackRock Strategic Global Bond Fund (MAWIX), managing $816 million in assets, purchased over 24,000 shares of IBIT, increasing its total holdings to 40,682 shares, valued at about $1.4 million. Both funds are managed by Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income. Since trading began in January, IBIT has grown rapidly, with its managed assets reaching about $48 billion as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust Fund (IAU), which manages about $33 billion in assets. IBIT has attracted a diversified group of investors including hedge funds, pension funds, and institutional investors. In the latest 13F filings, Millennium Management leads with approximately $848 million in IBIT shares, followed by Goldman Sachs with $461 million, and Capula Management holding $308 million.
- 01:29pump. fun sold 65,000 SOL seven hours ago, worth 15.3 million US dollarsAccording to on-chain analyst EmberCN, pump.fun sold 65,000 SOL about 7 hours ago, worth $15.3 million. So far, pump.fun has earned approximately 1.516 million SOL in transaction fees. The total amount they have sold is around 1.137 million SOL (approximately $206.76 million), with an average price of about $182 per SOL.
- 2024/11/28 23:55The USDC Treasury has destroyed 50 million USDC on the Ethereum chainAccording to Whale Alert monitoring, around 6:49 in the morning Singapore time, USDC Treasury destroyed 50 million USDC on the Ethereum chain.