The Block
Quick Take Colorado state regulators have sued a Colorado couple in civil court, claiming that they cashed out at least $1.3 million in the “valueless” INDXcoin cryptocurrency they founded to spend on lavish personal expenses. In a video response, Eli Regalado admits to cashing out the funds, saying half the money went to the IRS and the remainder was used on a home remodel ordered by God.
The nine new spot Bitcoin ETFs have accumulated nearly $4 billion in assets under management, with Fidelity and BlackRock’s ETFs neck-and-neck for the top slot, according to preliminary data shared by Bloomberg analyst Eric Balchunas.
Quick Take Former IcomTech CEO Marco Ruiz Ochoa, 35, was sentenced on Friday before a U.S. district judge after pleading guilty in September to wire fraud.
Quick Take A U.S. bankruptcy court must appoint an independent examiner to investigate the collapse of FTX, the Third Circuit Court of Appeals ruled.
The SEC opened a comment period on a proposal from Nasdaq to allow for options trading on BlackRock’s spot bitcoin ETF, according to a filing posted on Friday.
The world’s largest crypto currency by market capitalization declined 1% to $41,065 at 1:17 p.m. ET.
LedgerPrime alumni Zaheer Ebtikar and Michael Churchouse have launched a new fund called Split Capital that aims to take a longer view with a focus on liquid token investments.
European bitcoin ETP outflows have increased since the launch of spot BTC ETFs in the U.S., according to an analyst.
Bitcoin’s rolling 60-day correlation with ether has fallen below 70% for the first time since early 2021, according to Kaiko’s data.The weakening correlation comes amid the launch of spot bitcoin ETFs in the U.S., with speculation that potential spot ether ETF approvals are next.
Uma’s native token price increased by 90%, from $2 to $3.8, after teasing an MEV solution named Oval.The token’s market capitalization has reached $300 million, the highest since mid-2022.
