The Block
Quick Take Kalshi hit first place while Polymarket reached fourth in the Apple App Store’s financial category on the morning of the United States 2024 presidential election. Both platforms allow users to bet on the winner of the election, but only Kalshi is available to U.S. users.
Quick Take Bitcoin’s simpler value proposition as a digital store of value may resonate more clearly with institutional investors compared to Ethereum’s more complex role in decentralized computing and finance. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take A U.S. presidential election victory for Donald Trump could see Silk Road creator Ross Ulbricht pardoned and SEC Chair Gary Gensler fired, while the impact of a Kamala Harris win is less clear. Defunct bitcoin exchange Mt. Gox transferred approximately 32,371 BTC, worth $2.2 billion, to unmarked wallets late Monday, according to the onchain analytics platform Arkham. Bitcoin mining difficulty jumped 6.2% to hit an all-time high of 101.7 trillion on Tuesday, following the network’s record seven-d
Quick Take Privacy startup Nym Technologies will buyback $1 million worth of NYM tokens. The company plans to launch its NymVPN in the coming weeks and will rely on the tokens to incentivize participation.
Quick Take Built on Ethereum Layer 2 Base, the Perp Launchpad will allow projects to create perpetual futures markets for any asset, including memecoins.
Quick Take Investors in five U.S. states are expected to get back 100% of their money invested through GS Partners. GS Partners offered several crypto investments such as virtual real estates in a metaverse.
Quick Take Oasys aims to onboard “millions of users” to its gaming ecosystem through a partnership with SK Planet, a subsidiary of SK Telecom. SK Planet will become a validator for Oasys as part of the partnership.
Quick Take The U.S. Federal Bureau of Investigations recorded a 45% uptick in losses tied to crypto scams in 2023, according to an annual financial fraud report.
The 7-day moving average (7DMA) of daily transactions on the TON network has increased by 160% since the Telegram founder was arrested.The following is an excerpt from The Block’s Data and Insights newsletter.
Bitwise Invest CIO Matt Hougan says “investment advisors are adopting bitcoin ETFs faster than any new ETF in history” while citing data showing BlackRock’s spot BTC fund has attracted $1.5 billion from investment advisors.Bloomberg ETF analyst Eric Balchunas agreed with Hougan, pointing out that the BlackRock spot bitcoin ETF’s “advisor allocations [has] more organic inflows than any other ETF launched this year.”
