The Block
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 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 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.
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 Hana Network has raised $4 million from builders and angels of Sushiswap, Alliance, Orange DAO, and others. The startup is building Hypercasual Finance, bringing casual finance optipon on social network such as attention incentive, social tipping, P2P funding.
Quick Take Gelato has raised $11 million in a Series A+ funding round led by Hack VC. The rollup platform also announced Kraken’s new Layer 2 blockchain Ink as a customer.
Quick Take Robinhood Derivatives has introduced event contracts allowing users to bet on the outcome of the U.S. presidential election, tapping into the rising interest in prediction markets. This feature launch comes on the heels of an early October federal court ruling in favor of the Kalshi prediction market.
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.
