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The Daily: BlackRock's Bitcoin ETF sees largest daily outflows since launch, Do Kwon pleads not guilty and more
The Daily: BlackRock's Bitcoin ETF sees largest daily outflows since launch, Do Kwon pleads not guilty and more

BlackRock’s IBIT spot Bitcoin ETF posted $332.6 million in net outflows on Thursday, marking its largest daily outflow since launching a year ago.Terraform Labs co-founder Do Kwon pleaded not guilty in a Manhattan court on Thursday to multiple criminal charges, including fraud and money laundering, following his extradition from Montenegro, Reuters reported.Stuart Hoegner has retired as General Counsel for Tether and Bitfinex, with Michael Hilliard now in sole charge of their legal operations.The following

The Block·2025/01/03 20:56
AI Agent AiXBT Shilled 416 Tokens With a 48% Win Rate
AI Agent AiXBT Shilled 416 Tokens With a 48% Win Rate

AI Agent AiXBT achieves a 48% win rate and 19% average return on 416 promoted tokens, showcasing its mixed impact on crypto markets.

BeInCrypto·2025/01/03 16:49
Hyperliquid leads the pack as DEX futures hit $285 billion in 2024
Hyperliquid leads the pack as DEX futures hit $285 billion in 2024

Quick Take DEX futures surge to record high as December sees 10.17% of CEX trade volume shift onchain. The following is an excerpt from The Block’s Data and Insights newsletter.

The Block·2025/01/03 16:00
JPMorgan says 'debasement trade' is here to stay as bitcoin and gold gain structural importance
JPMorgan says 'debasement trade' is here to stay as bitcoin and gold gain structural importance

Quick Take Bitcoin and gold are structurally becoming key components of investor portfolios, according to JPMorgan analysts. As a result, the debasement trade, driven by concerns over inflation and fiat currency devaluation, is here to stay, they said.

The Block·2025/01/03 16:00
Crypto wallet Phantom quashes airdrop rumors after social feature launch, Sui support announcement
Crypto wallet Phantom quashes airdrop rumors after social feature launch, Sui support announcement

Quick Take Crypto wallet Phantom clarified it has no plans to launch a token in response to rumors that circulated following the recent launch of social features on the app. Phantom also announced in December it will add support for Sui, adding a fourth supported Layer 1 blockchain to the wallet alongside Bitcoin, Ethereum, and Solana.

The Block·2025/01/03 16:00
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