The Block
Quick Take The U.S. Treasury Department issued sanctions against individuals that laundered cryptocurrencies to fund the North Korean regime. North Korea’s state-backed hackers are accused to be behind some of the largest hacks in crypto.
Quick Take Ohio State Representative Derek Merrin introduced a bill to create a bitcoin reserve within the state treasury. Several other state representatives have pushed for state bitcoin reserves, as U.S. president-elect Donald Trump looks to build a national strategic reserve of bitcoin.
Quick Take Ethereum Name Service will use Linea’s technology to develop its own Layer 2 network called Namechain.
Former BitMEX CEO Arthur Hayes expects crypto markets to experience a “harrowing dump” around Trump’s inauguration day.Hayes said crypto investors’ expectations for the upcoming policy changes under the Trump administration are far from reality.
Quick Take BlackRock’s spot bitcoin ETF recorded its largest daily trading volume of $4.1 billion on U.S. presidential election day. The 12 spot bitcoin ETFs traded over $6 billion yesterday, marking their highest daily total since March.
Quick Take Wintermute’s proposal requested that a portion of Ethena protocol’s revenue be allocated to programs related to staked ENA. The proposal also asked for clarity on the past and future revenue allocation of the Ethena protocol.
Quick Take Donald Trump’s victory is expected to benefit both gold and bitcoin, JPMorgan analysts said. Bitcoin is predicted to get a further boost thanks to MicroStrategy’s $42 billion bitcoin acquisition plan, the analysts added.
Quick Take Republican Donald Trump has won the U.S. presidential election, defeating his Democrat rival Kamala Harris, according to major media outlets, with four results still to come. Bitcoin reached a new all-time high above $75,000 as Donald Trump’s early lead in the 2024 U.S. presidential race became clear, gaining nearly 10% within 24 hours to reach the milestone. DeFi tokens also surged after Donald Trump’s U.S. presidential victory, with Aave gaining over 26% and Uniswap rising 30%. The following a
Quick Take A bankruptcy court has allowed the Avalanche Foundation to buy back over $52 million worth of AVAX tokens it sold to the defunct Luna Foundation Guard in early 2022. The move marks the closing of the book of Avalanche’s doomed relationship with the failed algorithmic stablecoin project.
Quick Take U.S. markets closed higher Wednesday following Donald Trump’s victory over Vice President Kamala Harris in the 2024 presidential election. Coinbase led the way, rising more than 30%, followed by a slew of bitcoin miners, including Cipher Mining, Riot Platforms and others.
