The Block
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.
Quick Take The Federal Bureau of Prisons confirmed to The Block that Caroline Ellison is in custody at the Federal Correctional Institution Danbury. Ellison was the co-CEO of Alameda Research, which was revealed to have closer than realized ties to FTX.
Quick Take Coinbase’s stock surged more than 30% in Wednesday’s session and a leveraged ETF tied to the stock doubled that performance. Leveraged ETFs are typically meant to be short-term plays for experienced traders because of the high risk involved.
Quick Take Sky voted to maintain the pivot away from the protocol’s original Maker brand following some backlash from community members. The rebranding is part of Rune Christensen’s Endgame strategy, which involves launching new stablecoins and establishing “subDAO” to build their own crypto apps and infrastructure.
Quick Take Detroit would become the largest U.S. city to accept cryptocurrency payments. Three U.S. states — Colorado, Utah and Louisiana — accept crypto for state payments.