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The Daily: Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more

Peter Thiel’s Founders Fund was unveiled as an investor in Infinex’s new “patronage” fundraising model on Monday, as the sale officially closed, raising a total of $67.7 million. The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments. Solana’s leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/10/2024 - 18:19 PM

October’s crypto investment inflows climb to $3.4 billion after $900 million added last week: CoinShares

Global crypto funds saw $901M net inflows last week, driven by Bitcoin. Political events influence inflows as Trump's poll gains boost investor sentiment ahead of the election.

theblock.co • 28/10/2024 - 11:00 AM

Hong Kong Stock Exchange to introduce price indices for bitcoin and ether next month

HKEX will launch crypto price indexes on Nov. 15 to provide benchmarks for bitcoin and ether, supporting investor decisions and Hong Kong's financial center role.

theblock.co • 28/10/2024 - 08:42 AM

Japan’s Metaplanet now holds over 1,000 bitcoin with latest $10 million investment

The Tokyo-listed firm invested an additional $10.4 million in bitcoin, bringing its total holdings to 1,018.17 BTC ($68.8 million).

theblock.co • 28/10/2024 - 05:43 AM

BITCOIN

Emory University reports holding $15 million worth of shares in Grayscale Bitcoin Mini Trust: filing

Emory University holds 2.7 million shares of Grayscale Bitcoin Mini Trust valued at $15.1 million, along with shares in Coinbase, reflecting growing institutional investment in crypto.

theblock.co • 26/10/2024 - 12:34 PM

The Daily: Microsoft set to vote on bitcoin investing, MicroStrategy 'highly unlikely' to be forced to sell its holdings and more

Microsoft may invest in bitcoin, MicroStrategy unlikely to sell its holdings, increased demand for bitcoin call options, and a decline in revenue for Farcaster.

theblock.co • 25/10/2024 - 17:26 PM

MicroStrategy 'highly unlikely' to be forced to sell bitcoin as stock reaches 25-year high, analysts say

BitMEX analysts believe MicroStrategy is unlikely to sell its bitcoin despite debt risks, highlighting its significant holdings and stock premium, while noting potential future pressures.

theblock.co • 25/10/2024 - 12:37 PM

BITCOIN

Microsoft places 'assessment in investing in bitcoin' as a voting item for December shareholder meeting

Microsoft may invest in bitcoin, as a proposal is up for discussion at its Dec. 10 meeting, but the board recommends voting against it citing current considerations and risks.

theblock.co • 24/10/2024 - 22:17 PM

The Daily: Denmark proposes taxing unrealized crypto gains, Kraken plans 'Ink' Ethereum Layer 2 launch and more

Denmark proposes taxing unrealized crypto gains; Kraken launches Ink Layer 2; Base enhances decentralization; Stokr raises funds for bitcoin treasury; Saylor supports self-custody.

theblock.co • 24/10/2024 - 17:37 PM

BITCOIN

STOKR raises $7.98 million to establish one of first corporate bitcoin treasuries in Europe

STOKR, a European digital asset marketplace, aims to create a bitcoin treasury and expand into tokenized assets, leveraging regulatory changes under the EU's MiCA framework.

theblock.co • 24/10/2024 - 08:00 AM

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