Business intelligence firm and corporate bitcoin holder MicroStrategy purchased another 55,500 BTC for $5.4 billion between Nov. 18 and Nov. 24, according to an 8-K filing with the SEC on Monday.
Axie Infinity crypto game developer Sky Mavis is laying off 21% of its workforce, affecting about 50 of its 250 global team, amid a “shift in priorities,” according to CEO and co-founder Trung Nguyen.
Solana’s decentralized exchanges surpassed $100 billion in monthly trading volume for the first time, generating a record $109.8 billion in November so far, doubling Ethereum’s $55 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
theblock.co
•
25/11/2024 - 19:15 PM
The Solana memecoin launchpad has been criticized amid reports of users threatening self-harm or violent acts unless their tokens reach certain prices.
Pump.fun claims it moderates harmful content, but its decentralized nature means that traditional terms of service may not be present or enforced in the same way.
theblock.co
•
25/11/2024 - 14:26 PM
Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares.
The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
theblock.co
•
25/11/2024 - 11:53 AM
The Solana network saw over $109 billion in DEX trading volume in November.
theblock.co
•
25/11/2024 - 10:13 AM
Cboe BZX filed four applications for spot Solana ETFs earlier this week.
The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.
theblock.co
•
23/11/2024 - 17:57 PM
Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration.
XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021.
Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
theblock.co
•
22/11/2024 - 18:46 PM
Solana gained 11% in the past 24 hours, trading above $263 to reach a new all-time high.
theblock.co
•
22/11/2024 - 04:03 AM
SEC Chair Gary Gensler will step down on Jan. 20, 2025, coinciding with the start of President-elect Donald Trump’s term, according to a statement released by the agency on Thursday.
The SEC is now “engaging” with applicants on spot Solana ETFs, Fox News reporter Eleanor Terrett first reported, citing two people familiar with the matter, and confirmed by The Block with a source at one issuer.
U.S. spot Bitcoin ETFs surpassed $100 billion in combined assets under management on Wednesday — representing around 5% of bitcoin’s total market cap — driven by the cryptocurrency’s ongoing price rally.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
theblock.co
•
21/11/2024 - 19:06 PM
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.
VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.
SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
theblock.co
•
21/11/2024 - 15:52 PM
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
