The Block

Quick Take Former IcomTech CEO Marco Ruiz Ochoa, 35, was sentenced on Friday before a U.S. district judge after pleading guilty in September to wire fraud.

Quick Take A U.S. bankruptcy court must appoint an independent examiner to investigate the collapse of FTX, the Third Circuit Court of Appeals ruled.

The SEC opened a comment period on a proposal from Nasdaq to allow for options trading on BlackRock’s spot bitcoin ETF, according to a filing posted on Friday.

The world’s largest crypto currency by market capitalization declined 1% to $41,065 at 1:17 p.m. ET.

LedgerPrime alumni Zaheer Ebtikar and Michael Churchouse have launched a new fund called Split Capital that aims to take a longer view with a focus on liquid token investments.

European bitcoin ETP outflows have increased since the launch of spot BTC ETFs in the U.S., according to an analyst.

Bitcoin’s rolling 60-day correlation with ether has fallen below 70% for the first time since early 2021, according to Kaiko’s data.The weakening correlation comes amid the launch of spot bitcoin ETFs in the U.S., with speculation that potential spot ether ETF approvals are next.

Uma’s native token price increased by 90%, from $2 to $3.8, after teasing an MEV solution named Oval.The token’s market capitalization has reached $300 million, the highest since mid-2022.

Fidelity’s FBTC spot bitcoin ETF joined BlackRock’s IBIT in becoming the second fund to hit more than $1 billion worth of inflows after five days of trading, according to data from BitMEX Research.Flows for most of the ETFs were either flat or positive yesterday, but $579.6 million worth of outflows from Grayscale’s GBTC eclipsed total inflows from the other funds.

Quick Take The country’s top industrial authority said that working group members include those from Chinese tech giants such as Huawei, Ant Group, Tencent and Baidu.