The Block
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 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.
Quick Take In its third-quarter earnings report Coinbase said its board of directors had authorized a $1 billion share repurchase program.
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 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 Riot posted a net loss of $154.4 million, or $0.54 per share, compared to a $0.44 per share loss in the year-ago quarter. The miner produced 1,104 bitcoin during the quarter, in line with the 1,106 mined during the year-ago quarter.
Quick Take The number of addresses that have claimed the GRASS token airdrop has jumped to nearly 1.5 million, making it the most claimed Solana airdrop to date.
Quick Take The U.S. government has sold off ANT tokens seized from Alameda Research, according to Arkham Research. This is the first time the wallet has moved funds in nearly two years. Last year, AragonDAO voted to dissolve and exchange ANT for ETH until the beginning of November.
Quick Take The crypto investment firm filed an S-1 registration statement for the Canary Solana ETF on Wednesday. Fund manager VanEck similarly filed for a spot Solana ETF in June.
Quick Take Robinhood reported quarterly sales of $637 million, which missed the consensus estimate of $650.67 million.
