The Block
Quick Take Spot bitcoin ETFs in the U.S. drew in a total of $470 million on Thursday. BlackRock’s IBIT led the inflows with $309 million in positive flows. IBIT has drawn in $1.07 billion so far this week. Spot ether ETFs also recorded net inflows of $48 million, their largest this month.
Quick Take The major European securities clearing house said this is the firm’s first strategic investment in Asia as part of its growth strategy in the Asia-Pacific region. Singapore’s Marketnode counts SGX Group, Temasek and HSBC as its major shareholders.
Quick Take The agency filed late on Thursday what is called a “Civil Appeal Pre-Argument Statement” or Form C. The SEC said it is looking to see whether the U.S. District Court for the Southern District of New York made an error in a previous judgment.
Quick Take Success on the public markets contrasts sharply with the struggles faced by crypto venture capital funds. This column is adapted from The Scoop newsletter.
DEXs face an uphill battle in the futures market.The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The CFTC argued that a previous judgment should be “reversed.” A judge ruled in September that the CFTC went beyond its statutory authority when it tried to block Kalshi from offering election contracts.
Quick Take The Sam Altman-backed Worldcoin project has rebranded to World Network, or World for short. Additionally, the Ethereum-secured Layer 2 blockchain network connected to the project, known as World Chain, launched its mainnet Thursday.
Quick Take Blockchain Capital has led a $33 million Series C funding round in African stablecoin exchange Yellow Card. Other participants included Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.
Quick Take The onchain real-world asset trading startup hopes to become a place where users can trade anything from gold to pork belly futures.
Quick Take Crypto exchange Kraken has launched its own version of wrapped bitcoin, kBTC, on Ethereum and OP Mainnet amid an increasingly competitive lineup of WBTC alternatives. The FBI arrested Eric Council Jr., 25, on Thursday over his involvement in hacking the Security and Exchange Commission’s social media account and posting a false announcement regarding spot Bitcoin ETFs. Lawyers for Nishad Singh, FTX’s former engineering director, argued he should not serve jail time in a Wednesday filing, citing
