The Block
Quick Take Core Scientific CEO Adam Sullivan sees an exponential growth opportunity from its AI data center services, potentially becoming a $25 to $30 billion company in the next few years. Despite the higher revenue and margins of diversifying into high-performance computing facilities, other Bitcoin miners are yet to compete, Sullivan said.
Quick Take The onchain data analytics firm aims to become an investment platform as it expands its services by acquiring StakeWithUs. Nansen intends to offer users access to over 20 crypto assets, including Ethereum, Solana and Sui.
After dropping to $52,500, Bitcoin rebounded above the $57,000 mark, triggering significant short liquidations.Analysts highlighted that upcoming U.S. political events, economic data, and the Fed’s interest rate decisions could impact bitcoin price movements.
Quick Take FTX proposed a $14 million deal with Emergent in which the latter firm will assign its claims in Robinhood shares to FTX debtors. FTX called the settlement agreement “another valuable piece of the puzzle” in its reorganization plan.
Quick Take The North Carolina Senate passed a bill on Monday that bans state participation in CBDC testing sponsored by the Federal Reserve.
Quick Take Fidelity’s FBTC led the inflows in spot bitcoin ETFs on Monday. Spot ether ETFs continued their negative streak with a fifth consecutive day of net outflows.
The Tokyo-listed firm said that it bought an additional 38.4 bitcoin.This purchase brings its total bitcoin holdings to 398.8 BTC.
Analysts at Animoca Brands Research claim that Polymarket users will likely stick with the platform after its biggest draw — the U.S. presidential election — has concluded.
Observing key crypto metrics on major platforms provides insight into what “smart money” is doing amid the U.S. election, according to Kaiko.Analysts predict big crypto price swings in either direction, depending on the outcome, as the presidential race draws to a close.
Traders expect a 3.5% swing in bitcoin prices on U.S. election night — though analysts warn that markets may be underestimating potential post-election volatility if results face delays or disputes.Analysts added that Bitcoin dominance has surged above 60% ahead of today’s elections as capital flows increasingly favor the foremost cryptocurrency over altcoins like Ethereum and Solana.
