The Block
U.S. spot bitcoin ETFs returned to net outflows after eight straight days of positive flows.Ether ETFs saw their ninth day of total daily net outflows.
Quick Take The Open Network (TON) has been experiencing an outage, with no transactions being processed for over six hours. The disruption is attributed to an abnormal load on the network, resulting in a consensus loss.
The price of Bitcoin briefly fell below $60,000 and was down 5.4% over the past 24 hours.The entire cryptocurrency market fell by 6% in the past day.
Quick Take Solana’s biggest wallet, Phantom, is experiencing downtime, according to a status update. Similar issues have happened in the recent past and were quickly resolved.
Quick Take The Tokyo-listed firm invested an additional $10.4 million in bitcoin, bringing its total holdings to 1,018.17 BTC ($68.8 million).
Quick Take FTX has agreed to drop its lawsuit against Bybit in a settlement that would allow FTX to collect around $228 million. Earlier this month, a U.S. bankruptcy court approved FTX’s reorganization plan to repay its creditors.
Quick Take The Hong Kong government’s Treasury chief said the city will extend existing tax concessions to cover cryptocurrency investments by the end of this year. The regulators also plan to approve more crypto asset trading platform licenses by the end of the year.
Quick Take Hong Kong Exchanges and Clearing Ltd. announced that the “HKEX Virtual Asset Index Series” will go live on Nov. 15. The new indexes are expected to provide a single reference price for bitcoin and ether during the Asian time zone.
Quick Take Founders Fund has invested in Infinex’s new “patronage” fundraising model, which sold Patron NFTs to venture capitalists, angel investors and the community. The Patron NFT sale completed on Monday, with a total of $67.7 million raised.
Quick Take Digital asset investment products attracted another $901 million worth of net inflows globally last week, according to CoinShares. The positive flows and bitcoin prices are driven by Republican poll gains ahead of the U.S. election, Head of Research James Butterfill said.
