The Block
Quick Take Craig Wright was sentenced to 12 months and suspended for two years on Thursday, according to multiple news reports. In March, a U.K. judge ruled that Wright is not Satoshi Nakamoto.
Quick Take Sui Foundation, the organization tasked with promoting the Sui blockchain, appointed Christian Thompson as its new managing director.
Quick Take Usual, the issuer of what is now the seventh-largest stablecoin, is launching an extension of M^0’s M token, called UsualM.
Quick Take Mo Shaikh has stepped down from his role as Aptos Labs CEO to “start a new chapter.” Aptos Labs co-founder and CTO, Avery Ching, will assume the CEO position.
Quick Take In his first public comments since being sentenced, Ilya Lichtenstein said he worked alone to hack Bitfinex, clearing an accusation raised by a Netflix documentary that alleged his wife, Heather “Razzlekhan” Morgan, and father, Eugene Lichtenstein, may have been involved. Lichtenstein said he intends to put his hacking experience to use in the cybersecurity industry after finishing his five-year sentence.
BlackRock’s spot bitcoin ETF had over $1.1 billion in net inflows on Thursday, marking its new record amount of single-day inflows.The 12 U.S. spot bitcoin ETFs recorded a total daily net inflow of $1.38 billion, also their highest daily net inflows since launching in January.
In a signal of rising bitcoin demand from U.S. investors, the Coinbase bitcoin premium has turned positive for the first time since Oct. 18, according to an analyst.Additionally, institutional activity has surged, with CME bitcoin futures open interest hitting an all-time high and bitcoin options OI increasing to $25.2 billion — nearing its March peak.
Chainalysis estimated that a French Polymarket whale made a profit of $78.7 million on U.S. election bets, primarily on a Donald Trump victory.The market resolution in favor of the French trader comes amid reports that authorities in the country are considering banning the decentralized predictions platform under its gambling laws.
Quick Take A lawsuit alleges that the memecoin HAWK acted as an unregistered security that damaged cryptocurrency investors. Twelve plaintiffs who invested in HAWK, collectively experiencing a financial loss exceeding $151,000, filed the complaint and requested a jury trial.
El Salvador agreed to limit various bitcoin-related activities in exchange for a $1.4 billion IMF loan that aims to promote fiscal and external stability.Cathie Wood-led investment firm Ark Invest sold 13,780 Coinbase shares worth $3.9 million on Wednesday as it rebalanced its Fintech Innovation fund weightings amid a sharp drop in COIN’s price.Bitcoin’s market cap recently reached 14% of gold’s, marking a new all-time high in relative valuation, according to data from Galaxy Research.The following article
