The Block
Quick Take Guo Wengui, an exiled Chinese businessman and a close ally of Donald Trump associate Steve Bannon, was convicted on nine counts, including racketeering and wire fraud. He was arrested in 2023 for allegedly orchestrating schemes, including one that raised hundreds of millions of dollars from investors through a crypto asset security referred to as “H-Coin.”
Quick Take Crypto investment fund Maelstrom has launched a new grant program for bitcoin developers. The amount of grants range from $50,000 to $150,000 per applicant, issued across 12 months.
Spot bitcoin ETFs in the U.S. reported $422.67 million worth of net inflows on Tuesday.BlackRock’s IBIT led inflows with $260.23 million, its largest since June 6.
The world’s largest cryptocurrency rose beyond the $66,000 mark at one stage today before dipping.Traders are also keeping tabs on Mt. Gox’s transfers of billions of dollars worth of bitcoin ahead of its payouts.
Quick Take In a recent interview, Donald Trump said the country needs to take the lead in cryptocurrency before China. The former U.S. President also teased his plan to launch a fourth line of NFTs.
Cypherpunk Holdings “significantly” increased its solana holdings, the company disclosed Tuesday.It now holds 63,000 SOL worth around $14 million — up from its initial $1 million investment.The firm is also running its own Solana validator and staking a majority of its tokens using its own node.
Quick Take OpenSea’s market share has surged to 37.34%, up from a low of 13.19%. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The two have been negotiating over the past few months, according to a court document filed on July 12 in the U.S. Bankruptcy Court for the District of Delaware. As part of the settlement, the CFTC agreed it would receive nothing as long as FTX complies with its reorganization plan. Therefore FTX will pay up to $12.7 billion to creditors, subject to available funds.
Quick Take Crypto derivatives exchange Deribit is launching bitcoin and ether options that will expire in early November, allowing investors to bet on how the U.S. election session will affect crypto markets. The trading products will go live on Thursday, July 18.
Quick Take Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days Worldcoin token jumps over 20% with unlock for early contributors starting next week, period extended Crypto-AI startup Mira raises $9 million in seed funding The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
