The Block

Quick Take Bastion, a web3 startup that streamlines how businesses onboard web3 users, named Caroline Friedman as Chief Operating Officer. Friedman formerly served as Chief of Staff to Kraken and a16z, as well as an Assistant United States Attorney in Major Crimes at the United States Attorneys’ Offices.

Quick Take Bitcoin mining pool AntPool, which mined the record-breaking $3 million transaction fee paid last week, has agreed to refund it. AntPool said its risk control system froze the mining fee and has asked the owner to reach out before December 10 to verify their ownership.

Bitcoin could see an increase in capital inflow if the Federal Reserve decides to pause interest rates at its December meeting, according to analysts.

Quick Take Anthony Scaramucci explains how the approval of a spot bitcoin ETF in the U.S. could lead to hundreds of billions of dollars flowing into bitcoin.