The Block
Quick Take Cumulative trading volume for the U.S. spot bitcoin ETFs broke past the $500 billion mark on Wednesday — just ten months after launch. The milestone comes amid a record $5 billion trading day for BlackRock’s IBIT as the bitcoin ETFs have clocked a collective $2.4 billion in net inflows so far this week.
Quick Take CoreFi Strategy will offer investors the opportunity for higher beta Bitcoin exposure through the Core blockchain.
Quick Take Bitcoin ETFs hit the market in January 2024, followed by the approval of Ethereum ETFs that began trading in July. Adding support for a wider range of digital assets will be a key part of the crypto ETF story in 2025 and beyond.
Quick Take Hyperliquid saw about $250 million net outflows on Monday after a Metamask researcher said North Korea-backed hackers were on the platform. The platform said user funds are safe and no exploit or vulnerability has been found.
Quick Take MicroStrategy, the largest corporate owner of bitcoin, has proposed increasing its number of shares in the company. Stockholders will vote on proposals to increase Class A common shares by 10 billion and preferred shares by 1 billion.
Quick Take Trump’s promise to be a pro-crypto president was buoyed by hopes for a dovish Fed. Now that the latter is on shaky ground, the market is adjusting. This column is adapted from The Scoop newsletter.
Quick Take This sets up for the Republican to lead the House Financial Services Committee — an influential panel that has oversight over the Securities and Exchange Commission and other federal agencies. A new chair for the House Financial Services Committee will likely be picked this month or by December.
The price of the frog-faced memecoin surged 77% in the past 24 hours to trade at $0.000024.Major exchanges, including Coinbase, Robinhood and Upbit, have recently listed Pepe trading pairs.
Quick Take Uniswap Labs and web3 security firm Blockaid have partnered on a new onchain detection and response system to protect DEX users from malicious tokens.
Quick Take Vlad Tenev, CEO of trading platform Robinhood, said there have been internal discussions about holding bitcoin, but the company doesn’t have plans to maintain a BTC reserve. Robinhood’s stock price is “highly correlated with bitcoin,” he said.
