The Block
Quick Take The Open Platform (TOP) has officially launched the TON Space custodial wallet. According to a TOP announcement, TON Space has emerged from its development phase, having already been used by over 100 million Telegram users.
Quick Take Meanwhile Co-Founder and CEO Zac Townsend explains his company’s model for Bitcoin-denominated life insurance, highlighting its benefits for crypto natives and newcomers alike.
Quick Take Craig Wright was sentenced to 12 months and suspended for two years on Thursday, according to multiple news reports. In March, a U.K. judge ruled that Wright is not Satoshi Nakamoto.
Quick Take Sui Foundation, the organization tasked with promoting the Sui blockchain, appointed Christian Thompson as its new managing director.
Quick Take Usual, the issuer of what is now the seventh-largest stablecoin, is launching an extension of M^0’s M token, called UsualM.
Quick Take Mo Shaikh has stepped down from his role as Aptos Labs CEO to “start a new chapter.” Aptos Labs co-founder and CTO, Avery Ching, will assume the CEO position.
Quick Take In his first public comments since being sentenced, Ilya Lichtenstein said he worked alone to hack Bitfinex, clearing an accusation raised by a Netflix documentary that alleged his wife, Heather “Razzlekhan” Morgan, and father, Eugene Lichtenstein, may have been involved. Lichtenstein said he intends to put his hacking experience to use in the cybersecurity industry after finishing his five-year sentence.
BlackRock’s spot bitcoin ETF had over $1.1 billion in net inflows on Thursday, marking its new record amount of single-day inflows.The 12 U.S. spot bitcoin ETFs recorded a total daily net inflow of $1.38 billion, also their highest daily net inflows since launching in January.
In a signal of rising bitcoin demand from U.S. investors, the Coinbase bitcoin premium has turned positive for the first time since Oct. 18, according to an analyst.Additionally, institutional activity has surged, with CME bitcoin futures open interest hitting an all-time high and bitcoin options OI increasing to $25.2 billion — nearing its March peak.
