The Block
Quick Take With bitcoin soaring past $88,000 for the first time, BlackRock’s spot BTC exchange-traded fund hit a new daily trading volume record. BlackRock’s spot bitcoin ETF generated $4.5 billion in daily trading volume on Monday.
Quick Take As of 7:00 a.m. ET on Nov. 11, an individual share for “yes” on whether bitcoin would break $100,000 this year cost $0.32. The same share reached $0.57 by 2:35 p.m. ET, reflecting a 78% increase. Bitcoin reached a new peak price point of $85,000 around 1:30 p.m. ET on Nov. 11.
Quick Take The share price of business intelligence firm Microstrategy, the largest publicly traded corporate holder of bitcoin, hit a historic high on Monday. MSTR closed at $340 per share on NASDAQ but reached a high of $350 on Monday. The stock movement broke past the firm’s all-time high of $333 in March 2000.
Quick Take The SEC charged and settled with Rari Capital and its co-founders, marking the latest DeFi firm to be scrutinized by the agency. Rari Capital and its co-founders did not admit or deny the SEC’s findings.
Greg Cipolaro believes that investors no longer have an excuse to avoid exposure to bitcoin following President-elect Donald Trump’s and the Republican party’s landslide victory in the United States.“Not owning the asset is going to become a liability in the future,” the global head of research at NYDIG claimed.
Quick Take Infinex, founded by Kain Warwick, has inked a partnership with Near Foundation to integrate Near Chain Signatures into the platform.
Quick Take Stacks founder Muneeb Ali, in a post on X, hinted that the long-awaited Stacks upgrade could come as early as next month. Stacks bills sBTC as the first trustless two-way bitcoin peg system, with the potential to expand DeFi applications on the bitcoin base layer.
Quick Take The organization behind the Ethereum Naming Service announced today that it is building its own Layer 2 network called Namechain. Namechain is designed to prioritize interoperability and allow users to start ENS from “any L2 network.” Namechain’s launch is expected around the end of 2025.
Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.
