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The Daily: Bitcoin ETFs record third-largest daily inflows, Trump win could impact Bitcoin less than Ethereum and more

Bitcoin ETFs see record inflows, political factors affect Ethereum, Swell moves to OP Stack for Layer 2, Chainlink upgrades for broader use, and Magic Eden test token trends.

theblock.co • 30/10/2024 - 18:57 PM

INVESTMENT FIRMS

OpenEden fires employee following drugging allegations in Hong Kong

OpenEden terminated an employee after social media allegations of inappropriate behavior, prompting discussions about women's safety in the male-dominated crypto industry.

theblock.co • 30/10/2024 - 17:45 PM

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

Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale as total amount raised hits $67.7 million

Peter Thiel's Founders Fund invested in Infinex's $67.7 million patronage fundraising, selling Patron NFTs to various investors to support decentralized exchange platform development.

theblock.co • 28/10/2024 - 11:56 AM

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

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

JPMorgan says tokenized Treasuries to challenge but not fully replace stablecoins

The market for tokenized Treasuries is growing and could challenge stablecoins’ dominance, JPMorgan analysts said. However, analysts noted that regulatory restrictions and liquidity concerns suggest tokenized treasuries may only partially replace stablecoins.

theblock.co • 25/10/2024 - 14:50 PM

The Daily: Nigeria drops charges against Binance exec, Buterin hits back against Saylor's comments on regulated bitcoin custody and more

Nigeria drops charges against Binance exec Gambaryan; Buterin critiques Saylor; Bernstein predicts $200K bitcoin price by 2025; Variational raises $10.3M; Tesla retains 11,509 BTC.

theblock.co • 23/10/2024 - 17:33 PM

Metaplanet raises $66 million through stock rights offering, eyes bitcoin’s outlook

Metaplanet Inc. raised 10 billion yen for bitcoin investments, increasing holdings to 855.478 BTC. CEO Simon Gerovich highlights the firm's mission amid positive market movements.

theblock.co • 23/10/2024 - 07:21 AM

Nomura-backed Komainu to acquire crypto custodian Propine amid Singapore expansion

Nomura-backed Komainu announced Tuesday that it is acquiring Singapore-based custodian Propine, pending approval from the MAS. Komainu said that the acquisition is expected to strengthen its presence in Singapore.

theblock.co • 22/10/2024 - 04:11 AM

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