The Block
Traders sold over $238 million worth of TUSD on Binance in the last 24 hours.
Anticipation over the potential approval of spot ether ETFs will likely result in ETH continuing to outperform BTC, according to Wednesday’s QCP Market Report.
Quick Take Three more senior executives have exited crypto custodian Qredo. The developments come as the firm works to enhance equity business value and build token utility.
Quick Take Nearly 50,000 dormant BTC woke up, not even a week after spot bitcoin ETFs were approved in the U.S., Arkham finds.
The total trading volume for the 11 spot bitcoin ETFs reached the $10-billion mark on the fourth day of trading.
Quick Take JP Morgan Chase CEO Jamie Dimon is tired of answering questions about bitcoin and doesn’t care what BlackRock CEO Larry Fink’s views are regarding the popular digital asset. BlackRock launched a spot bitcoin ETF last week.
Quick Take ZenLedger has partnered with AI-powered tax software firm April to create a simplified filing process on a single platform that allows traders to import their trade data “with a single tap.” “The IRS is going to increase audits in the future,” said ZenLedger’s CEO.
Crypto investment products recorded a net outflow of $424 million since Monday, according to CoinShares data.Funds like ProShares Bitcoin Strategy ETF (BITO) and Grayscale’s GBTC have seen net outflows as investors shift towards other spot bitcoin ETFs.
Quick Take Joseph Bankman and Barbara Fried, both Stanford Law School professors, argued that the familial relationship is “not actionable” and denied involvement in allegedly fraudulent transfers. Debtors of FTX and Alameda Research sued the parents in September 2023 to recover damages.
Quick Take: Ethereum core developers deployed the Dencun upgrade, incorporating proto-danksharding (EIP-4844) on the Goerli test network. This serves as a precursor to the anticipated release on the Ethereum mainnet, expected in the first quarter of 2024.
