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The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

Bernstein analysts highlight Robinhood as a major beneficiary of potential crypto deregulation under Trump, estimating increased revenues and new listings amid changing regulations.

theblock.co • 20/11/2024 - 10:34 AM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

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 Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

The Daily: Monad begins rolling out testnet, Bernstein's catalysts for a $200,000 bitcoin price and more

The highly-anticipated Ethereum-compatible Layer 1 Monad has begun rolling out its testnet as part of a phased release, a source told The Block. Analysts at Bernstein have outlined the key upcoming catalysts that could propel bitcoin’s price to their cycle target of $200,000 in 2025. Netherlands-based Quantoz Payments has launched MiCA-compliant stablecoins USDQ and EURQ, pegged to the dollar and euro, on the Ethereum blockchain. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/11/2024 - 18:26 PM

Crypto funds add another $2.2 billion in a week as YTD inflows and AUM hit record levels

Global crypto funds experienced record inflows of $2.19 billion, driven by Bitcoin's price surge; analysts predict further growth amidst changing regulations and market conditions.

theblock.co • 18/11/2024 - 12:23 PM

Bernstein outlines $200,000 bitcoin target catalysts as price nears fresh all-time high

Bernstein analysts predict bitcoin could reach $200,000 by 2025 due to political changes, regulatory adjustments, and increasing demand from institutions and retail investors.

theblock.co • 18/11/2024 - 11:20 AM

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Dogecoin investors dropped their lawsuit against Musk; JPMorgan forecasts crypto-friendly changes under Trump; RFK Jr. nominated for health position; Upbit faces KYC violations; Saylor plans $100K bitcoin party.

theblock.co • 15/11/2024 - 20:16 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

The Daily: Monad begins rolling out testnet, Bernstein's catalysts for a $200,000 bitcoin price and more

Crypto funds add another $2.2 billion in a week as YTD inflows and AUM hit record levels

Bernstein outlines $200,000 bitcoin target catalysts as price nears fresh all-time high

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Michael Saylor says bitcoin is 'Manifest Destiny' for the US amid Red Wave, with $100K NYE party plans underway

President-elect Trump nominates bitcoin-friendly RFK Jr. for US Secretary of Health

The Daily: Gary Gensler's potential farewell, bitcoin ETFs' half-trillion-dollar milestone and more

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