The Block
ParaFi Capital is tokenizing an interest in one of its venture funds on the Avalanche blockchain via the Securitize platform.The tokenized fund opens ParaFi’s venture strategy to a new group of investors, selecting Avalanche for its EVM compatibility, fast transactions and low fees.
Quick Take Kraken demanded a jury trial in the SEC lawsuit after its motion to dismiss the suit was denied last month.
Quick Take Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network. The proposal, submitted by StarkWare, was ratified by a majority of STRK token holders.
In a signal of rising bitcoin demand from U.S. investors, the Coinbase bitcoin premium has turned positive for the first time since Oct. 18, according to an analyst.Additionally, institutional activity has surged, with CME bitcoin futures open interest hitting an all-time high and bitcoin options OI increasing to $25.2 billion — nearing its March peak.
Quick Take ZKsync has officially launched its governance model with smart contracts active on the mainnet.
Six spot bitcoin ETFs, including ARKB, reported net inflows on Thursday.Spot ether ETFs recorded daily net outflows of $20.14 million.
Chainalysis estimated that a French Polymarket whale made a profit of $78.7 million on U.S. election bets, primarily on a Donald Trump victory.The market resolution in favor of the French trader comes amid reports that authorities in the country are considering banning the decentralized predictions platform under its gambling laws.
BlackRock’s spot bitcoin ETF had over $1.1 billion in net inflows on Thursday, marking its new record amount of single-day inflows.The 12 U.S. spot bitcoin ETFs recorded a total daily net inflow of $1.38 billion, also their highest daily net inflows since launching in January.
Quick Take Dean Skurka, CEO of Toronto-based WonderFi, was kidnapped and then released after paying a $1 million ransom.
Quick Take Bitcoin’s price traded higher on Thursday afternoon after the Federal Reserve cut interest rates by 25 basis points to the 4.50%-4.75% range. The rate reduction comes after bitcoin reached a new all-time high of over $76,000, after Donald Trump won the U.S. presidential election.
