The Block
Quick Take FTX co-founder Wang is set to be sentenced in a New York court on Nov. 20. Wang is also expecting the birth of his son a week later, on Nov. 27, with his wife, Cheryl Chen.
Quick Take Coinbase CEO Brian Armstrong reflected on the Nov. 5 elections in the United States, which seated crypto-friendly politicians Donald Trump as president and Sen. Bernie Moreno in Ohio. “We are going to see this industry be built in America,” Armstrong said in a Wednesday X post. He added that the crypto-friendly super PAC Fairshake amassed $78 million thus far in the 2026 U.S. midterms.
Quick Take Matter Labs has hired Meghan Hughes, the former VP of Marketing at the Solana Foundation. Hughes will be the ZKsync developer’s new chief marketing officer. She previously worked at Google, Facebook, Niantic and Stripe, among others.
Quick Take Hadley Stern will lead endeavors to bolster Marinade’s staking solution and its place in the digital asset industry. He previously served as Global Head of Digital Asset Custody at the New York banking corporation BNYM.
Quick Take Persistent bearish sentiment in the perpetual swaps market has triggered negative funding rates, according to K33 analysts. The analysts said average returns after 30-day average funding rates flip negative and sit at 79%, supporting the case for a bullish end to the year.
CryptoQuant noted the number of bitcoins held by short-term holders has been declining since late May, suggesting a weakening in demand.In contrast, long-term bitcoin holders appear to accumulate in the face of this short-term holder capitulation.
Quick Take Caroline Ellison’s attorneys claimed she should not serve jail time for her role in FTX’s collapse. The attorneys advocated for a sentence of time served with a period of supervised release. Ellison will face sentencing on Sept. 24 in a New York courtroom.
On Tuesday, spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $117 million.Fidelity’s FBTC led with $63.16 million daily inflows among bitcoin ETFs.
BlackRock’s IBIT spot bitcoin ETF experienced heightened trading volumes of $1 billion in the first 20 minutes of trading the day after Donald Trump won the U.S. presidential election.Trump’s victory also sent bitcoin to an all-time high.
Arkham Research is launching an exchange for trading perps next week, marking its first foray directly into crypto trading.Perps, or perpetual swaps, are a type of derivative contract without an expiration date pioneered by the crypto industry.
