The Block
Quick Take Core Scientific is ready to emerge from bankruptcy and re-list on Nasdaq, the mining firm said Tuesday.
Quick Take Former Terraform Labs CEO Do Hyeong Kwon, who was charged in February by the Securities and Exchange Commission over the collapse of algorithmic stablecoin Terra USD, faces a jury trial on fraud claims that was originally scheduled for Jan. 29.
Quick Take Businesses receiving crypto transactions worth more than $10,000 won’t have to report it as cash, for now.
The names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF.One of those funds “seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index,” according to the prospectus materials.
Quick Take Wash trading volumes on Ethereum NFT marketplaces hit a low of 1.8% of total USD volume, according to The Block Pro Data Dashboard.
Quick Take An unknown attacker appears to have drained millions worth of stablecoins and other tokens from the bridging aggregator Bungee.
Quick Take: An analyst suggested the approval of spot ETFs has made it easier for short trades by traditional market participants. Shorting of spot bitcoin ETFs could cause a subsequent increase in BTC supply in the spot market, and put downward pressure on the price of bitcoin.
The top three spot bitcoin ETFs are accounting for the lion’s share of volume as day three of trading enters into the final hours on Tuesday.The day’s total volume is trending to finish below the $3 billion seen last Friday.
Ether’s price has gained almost 2% in the past 24 hours, as Ethereum network transactions spike to a multi-year high.Current network transactions have reached highs not seen since November 2021, when the ETH price reached an all-time high.
Quick Take Cantor Fitzgerald’s CEO said Tether has the money it claims for its USDT reserves. Cantor Fitzgerald has been a Tether custodian since late 2021, Paolo Ardoino told The Block.
