The Block

Quick Take Polychain Capital-backed Bioniq launched a Bitcoin Ordinals marketplace that leverages the Internet Computer blockchain to reduce trading costs.

Quick Take Potential spot bitcoin ETF approvals next year could coincide with reduced liquid supply, positively impacting the valuation of BTC, according to a report.

Conditions are developing for China to dramatically flood its economy with credit, Arthur Hayes said.

Quick Take John Hoffman is taking on a new role as a managing director and head of distribution and partnerships at Grayscale Investments, according to his LinkedIn profile.

Quick Take Reddit r/cryptocurrency subreddit moderators have relinquished control over the smart contract for the Moons token. The decision follows Reddit’s move to sunset its community points program that introduced Moons in 2020.

Quick Take The Starknet Foundation addressed speculations about an upcoming airdrop after screenshots circulated on social media. The foundation emphasized that the screenshots showed draft plans still under development. It clarified that the eligibility cutoff date for the airdrop has been set, and no further user actions can affect this.

Quick Take The current bitcoin put-call options ratio indicates “bullish sentiment in the market” for the spring of 2024, according to Deribit.

Quick Take The Zug-based crypto firm’s new name is AMINA, which it said steps from the term “transamination.”

Quick Take JPMorgan says “it is too early to be getting excited” about the recent recovery in DeFi and NFT areas. “Ethereum does not appear to have benefitted much” from the recent DeFi/NFT revival, JPMorgan added.

Quick Take Circle sent a letter to U.S. senators, refuting claims that it participated in illicit financing activities. In the letter, Circle also said it did not provide banking services to Justin Sun, the TRON Foundation or HTX.