BlackRock is launching an extension of its tokenized treasury fund on BNB Chain as Binance begins to accept BUIDL as off-chain collateral.
Cathie Wood's Ark Invest also bought $8.86 million worth of BitMine shares and $7.28 million worth of Bullish.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Upexi's board of directors approved $50 million for an open-ended stock repurchase program, intended to boost shareholder value.
Bitcoin’s downside from current levels appears to be “very limited,” according to JPMorgan, which sees its support price at around $94,000.
The exchange is exploring measures including requiring companies to undergo fresh audits if they pivot into large-scale crypto accumulation.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Since their 2024 debut, the Bitcoin ETFs have attracted total net inflows of $61 billion, with cumulative trading volume near $1.5 trillion.
The negative sentiment was driven by post-liquidity cascade volatility and uncertainty over a U.S. rate cut, James Butterfill said.
BitMine is the largest Ethereum treasury company, holding nearly 3.4 million ETH ($11.2 billion) as of Nov. 2.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin could climb to around $170,000 over the next 6–12 months based on its volatility-adjusted comparison to gold, according to JPMorgan.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Recently, more digital asset treasuries are using share buybacks to narrow NAV discounts and support share prices.
"Early investors selling does not mark the end of an asset's journey; it just represents a new phase," Matt Hougan said.
Bullish, a crypto exchange backed by Peter Thiel, launched spot trading in the US last month after obtaining a key New York license.
The second-largest digital asset treasury now holds nearly 3.4 million ETH, worth $12 billion, and 192 BTC, valued at about $20 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investors interpreted Fed Chair Powell's remarks on the likelihood of December rate cuts as hawkish, Head of Research James Butterfill said.
“The fact that other chains are faster or cheaper is irrelevant, in our view,” Standard Chartered’s Geoffrey Kendrick said.
USDC's market cap has surged 72% since January to $74 billion, far outpacing USDT's 32% growth, JPMorgan said.
Hougan argued that Solana benefits from both the growth of stablecoin and tokenization markets and its expanding share within them.
Grayscale's new U.S. spot Solana ETF, GSOL, registered $1.4 million in net inflows on its Oct. 29 trading debut.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitwise's BSOL generated $57.9 million in volume on its first trading day — the most of any ETF launch this year.
SharpLink will deploy $200 million worth of its ETH treasury holdings into staking and restaking strategies using ether.fi and EigenCloud.
More than 100 firms across finance, payments, and technology are participating in the network's early development.
Ark Invest also bought shares in DraftKings, which is launching its own prediction market in the near term.
ETHZilla Chairman McAndrew Rudisill said the firm will continue to repurchase shares while ETHZ “trade at a significant discount to NAV."
Standard Chartered’s Geoffrey Kendrick says easing U.S.-China tensions have lifted sentiment from fear to hope, among other factors.