The Block
Digital asset investment products brought in $1.2 billion worth of net inflows globally for the third consecutive week, according to CoinShares.The positive flows were a reaction to continued expectations of dovish monetary policy in the U.S. and associated positive price momentum, Head of Research James Butterfill said.
Quick Take Singapore-based Matrixport has acquired Swiss crypto asset manager Crypto Ginance to expand its European presence. Matrixport said it has completed the deal and renamed the Swiss unit.
Bitcoin fell 2.07% to $64,392, while ether dipped 1.69% to $2,624, both losing momentum after last week’s bull run.Investors are now looking to the upcoming Monday speech from Fed Chair Jerome Powell and the non-farm payroll data set to be released on Friday, both of which have the potential to move the market.
Quick Take South Korea’s ruling Democratic Party plans to forge ahead with the planned crypto tax from the start of 2025. The party, however, is looking to raise the tax exemption limit from about $1,795 to $35,919.
Quick Take Here’s our preview of all the significant token unlocks scheduled for October, worth $10 million or more. Celestia’s mammoth $1 billion unlock is scheduled for the end of the month and will kick off a year of daily token emissions.
Quick Take The price of bitcoin touched the $93,900 level for the first time ever on Tuesday. BlackRock’s IBIT saw nearly $2 billion in notional exposure traded.
Quick Take According to a newly-revealed agreement, FTX will set aside up to $230 million worth of proceeds from government forfeiture actions for the benefit of certain shareholders. The agreement was finalized after the deadline for creditors to vote on the plan and was revealed thirty days later—the maximum time legally permitted—surprising and angering some creditors. While shareholders are traditionally reimbursed last in bankruptcy proceedings, the FTX estate argues in a filing that the reimbursement
Quick Take President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The
Quick Take BlackRock’s IBIT, the largest Bitcoin ETF with nearly $45 billion AUM, was the first to be approved for options trading. Firms have been looking to list and trade options for their spot Bitcoin funds following the SEC’s approval of 11 BTC ETFs in January.
Quick Take Forta has launched Firewall, a new web3 security tool designed to identify and prevent smart contract exploits. Forta raised $23 million in 2021 and is backed by a16z, Coinbase Ventures and others.
