The Block
Trading volume for CME options on bitcoin futures has increased ahead of the U.S. election, with significant institutional trades betting on prices exceeding $85,000 by late November.Additionally, a multi-month high in the bitcoin open interest-weighted funding rate signals strong bullish positioning and anticipation of potential gains.
Securitize unveiled a new service aiming to simplify and condense tokenized fund administration, which will be available globally.
BlackRock’s IBIT reported $872 million in net inflows yesterday, its largest since launch.Bloomberg analyst Eric Balchunas said spot bitcoin ETFs as a group may soon surpass Satoshi Nakamoto as the largest holder of bitcoin.
Crypto exchange Kraken has launched Kraken Desktop, a fully-customizable trading application designed for active traders.Kraken Desktop draws inspiration from the highly popular Cryptowatch tool sunset by the crypto exchange last year.
JPMorgan analysts say a Trump win could drive even more retail demand for bitcoin and boost its price.Retail investors are already flocking to bitcoin as the election nears, according to the analysts.
Quick Take CMT Digital led the round, which had additional support from a16z Crypto Startup School, Escape Velocity, IDG Vietnam and Artichoke Capital, among others. Axal also announced the launch of its first product: the agent-powered trading automation platform Axal Autopilot.
Quick Take Spire Labs has raised $7 million in a seed funding round to develop “Based Stack.” Based Stack aims to help developers deploy application-specific chains (appchains) as Ethereum Layer 2 networks.
Quick Take The Bitcoin white paper reached its sixteenth anniversary on Thursday. Bitcoin recently surpassed $70,000 for the first time in over seven months and could approach an all-time high above $73,000.
Quick Take Off The Grid’s is a breakout blockchain game built in the Avalanche ecosystem. Off The Grid’s game’s core gameplay involves players fighting one another in addition to collecting in-game items in the form of NFTs. The game became the most popular free-to-download game in the Epic Games store just three days after its early access release.
Quick Take Glow Labs, an Ethereum-based solar project, announced it has raised $30 million in a funding round led by Framework Ventures and Union Square Ventures. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million which will support the expansion of solar farms in India.
