The Block
Quick Take This represents a big shift from the start of the year when Solana’s DEX volume was just 48.85% of Ethereum’s. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take In its third-quarter earnings report Coinbase said its board of directors had authorized a $1 billion share repurchase program.
Quick Take Nishad Singh’s lawyers previously asked for the New York court to not impose jail time. Singh cooperated with authorities in testifying against his former boss, former FTX CEO Sam Bankman-Fried, in October 2023.
Quick Take Riot posted a net loss of $154.4 million, or $0.54 per share, compared to a $0.44 per share loss in the year-ago quarter. The miner produced 1,104 bitcoin during the quarter, in line with the 1,106 mined during the year-ago quarter.
Quick Take The number of addresses that have claimed the GRASS token airdrop has jumped to nearly 1.5 million, making it the most claimed Solana airdrop to date.
Quick Take The U.S. government has sold off ANT tokens seized from Alameda Research, according to Arkham Research. This is the first time the wallet has moved funds in nearly two years. Last year, AragonDAO voted to dissolve and exchange ANT for ETH until the beginning of November.
Quick Take The crypto investment firm filed an S-1 registration statement for the Canary Solana ETF on Wednesday. Fund manager VanEck similarly filed for a spot Solana ETF in June.
Quick Take Robinhood reported quarterly sales of $637 million, which missed the consensus estimate of $650.67 million.
Quick Take Popular messaging app Telegram generated a significant chunk of its revenues from crypto-related activities and held $400 million in digital assets as of 2023, according to a report from the Financial Times. The company’s founder Pavel Durov was indicted by a French court this week on charges Telegram’s tools and services have aided illicit activities.
Elon Musk wins the dismissal of a class action lawsuit, which alleged his comments manipulated the Dogecoin market.BlackRock’s IBIT spot Bitcoin ETF logs its first daily net outflows since May.Gnosis Chain community members evaluate their gas token choices amid MakerDAO’s pivot to Sky.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
