The Block
Quick Take Following the fourth straight day of net outflows on Friday, spot bitcoin exchange-traded funds based in the U.S. logged an overall net loss for the month of August, though a modest one at $94 million. Spot bitcoin ETFs have lost over $4 billion in total net asset value since the beginning of the month, largely due to bitcoin’s decline in price from its value at the start of August. Meanwhile, spot Ethereum ETFs logged their first day of no recorded inflows or outflows across all nine commercial
Bitcoin’s price has been approaching new all-time highs just days away from the 2024 U.S. presidential election.A Trump win would be more impactful for Ethereum and other altcoins, Bitwise CIO Matt Hougan said Wednesday.
Nitro Labs, the developer of Termina, has raised $4 million in a seed funding round.Termina is a Solana scaling infrastructure platform that aims to help developers deploy SVM “network extensions.”
BlackRock’s IBIT drove the inflows on Tuesday, with $642 million flowing into the fund.All of the spot bitcoin ETFs in the U.S. recorded $4.75 billion in total trading volume on Tuesday, up from $3 billion the day before.
Quick Take BlackRock’s IBIT led U.S. spot Bitcoin ETF inflows with $643 million added on Tuesday, contributing to a total of $870 million in daily net inflows — the largest since June and third-largest to date as bitcoin reapproached its record high of nearly $74,000. Bitwise CIO Matt Hougan sees regulatory clarity as more crucial for Ethereum and altcoins than Bitcoin, with a win for Donald Trump potentially sparking a stronger rally for these assets. Liquid restaking protocol Swell is transitioning its p
Quick Take MicroStrategy reported quarterly sales of $116 million, which missed the consensus estimate of $122.660 million by about 5%. The company reported a year-to-date BTC Yield of 17.8%, a measure it uses to assess the performance of its bitcoin strategy.
Quick Take This represents a big shift from the start of the year when Solana’s DEX volume was just 48.85% of Ethereum’s. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take In its third-quarter earnings report Coinbase said its board of directors had authorized a $1 billion share repurchase program.
Quick Take Nishad Singh’s lawyers previously asked for the New York court to not impose jail time. Singh cooperated with authorities in testifying against his former boss, former FTX CEO Sam Bankman-Fried, in October 2023.
