The Block
Ark and 21Shares’ ARKB led outflows in spot bitcoin ETFs on Wednesday.Spot ether ETFs recorded around $542,870 in net outflows.
With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration.The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.
Quick Take Donald Trump’s victory is expected to benefit both gold and bitcoin, JPMorgan analysts said. Bitcoin is predicted to get a further boost thanks to MicroStrategy’s $42 billion bitcoin acquisition plan, the analysts added.
Quick Take BlackRock’s spot bitcoin ETF recorded its largest daily trading volume of $4.1 billion on U.S. presidential election day. The 12 spot bitcoin ETFs traded over $6 billion yesterday, marking their highest daily total since March.
Quick Take Wintermute’s proposal requested that a portion of Ethena protocol’s revenue be allocated to programs related to staked ENA. The proposal also asked for clarity on the past and future revenue allocation of the Ethena protocol.
Quick Take The CFTC’s Office of Customer Outreach and Education partnered with several organizations to disseminate information related to crypto relationship investment, or “pig butchering,” scams. Pig butchering scams have increasingly replaced Ponzi schemes in the last year as criminals attempt to reap higher rewards from more targeted attacks.
Quick Take The DEX landscape is undergoing some diversification, with Uniswap’s once-dominant market share facing a steady erosion. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take LEVR Bet is launching its decentralized sports betting app in testnet on the Monad Layer 1. The application is looking to differentiate itself from incumbent platforms like FanDuel by offering users leverage.
Quick Take Paradigm-backed Succinct Labs announced it has been working with OP Labs, the main contributor to the Optimism protocol, in an effort to “solve” ZK rollups.
The U.S. presidential debate spurs risk-off sentiment in the crypto market, according to Bitfinex analysts.Indonesian exchange Indodax faces a $20 million loss following an apparent exploit.ZKsync developer Matter Labs poaches the Solana Foundation’s former VP of marketing.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
