The Block
Quick Take French President Emmanuel Macron said on social media that Durov’s arrest was part of an ongoing judicial investigation. Durov was arrested on Saturday as part of an investigation that included allegations of offering “cryptology” services, French prosecutors said Monday.
The memecoin ‘Resistance Dog’ experienced a market rally, increasing by over 140% on Monday.This surge was triggered after the developers designated it as the official avatar for Toncoin across various community channels.
Quick Take U.S. spot bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows. Ether ETFs recorded another day of total net outflows.
McDonald’s Instagram account seemingly hacked to promote Solana token ‘Grimace’NBA All-Star Jimmy Butler and Ben ‘BitBoy’ Armstrong agree to settle Binance-related class action lawsuitBitcoin trades flat following lower U.S. jobs growth revisionThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Memecoin Sundog rose by 25% on Wednesday as traders test out the recently launched Tron-based token generator SunPump.Solana-based generator Pump.fun has been for several weeks dominating the memecoin space.
Bitcoin’s price remains subdued following figures showing the U.S. added 818,000 fewer jobs than previously estimated.Equities showed mixed results following the lower-than-expected U.S. employment data.
The fast-food chain’s Instagram account appeared to have been hacked to promote a Solana memecoin.GRIMACE token shot to a market capitalization of $20 million before plummeting to less than $1 million.
Ethereum dominance, a measure of the digital asset’s market capitalization relative to the total crypto market cap, has declined by over 1.5% since November 2022.In the same period, bitcoin dominance has increased from 38% to 56% of the total digital asset market today.
Quick Take The volume of stablecoins transferred on Coinbase’s Base Ethereum Layer 2 blockchain on Oct. 26 was higher than all other blockchains for the first time, Artemis data shows. 30% of all stablecoin volume took place on Base, a higher proportion than typical leaders Ethereum, Solana, and Tron.
