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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
Flash
  • 03:56
    Loopscale Releases Post-Hack Report: All Funds Recovered, Refinancing Function to Restart Soon
    Loopscale released a post-hack report, disclosing that hackers exploited a pricing logic vulnerability in the protocol, leading to the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis vaults. All funds have now been recovered. Loopscale added that the full protocol functionality will be re-enabled in phases, with the refinancing feature set to restart soon. The grace period will be extended by 3 days, providing borrowers with the opportunity to repay or close positions. Borrowers are advised to monitor their positions in case of interest rate changes or liquidity tightening. Additionally, balances of Vault or Advanced Lend depositors from April 26 to June 7 will receive a 12x points boost.
  • 03:56
    Registration Open for Bitget's Second VIP Trading Competition with a Total Prize Pool of 100,000 USDT
    The second Bitget VIP Trading King Competition is now officially open for registration. As a regular incentive mechanism launched by the platform for professional trading users, this event will last until May 23, 2024 (UTC+8). This competition has a total prize pool of 100,000 USDT, with a maximum individual reward of 10,000 USDT. Participants must click the "Register" button on the event page to complete the registration before they can participate in the ranking and reward selection. Detailed rules have been published on the official Bitget platform.
  • 03:48
    Microsoft publicly bans employees from using DeepSeek for the first time
    Brad Smith, Vice Chair and President of Microsoft, stated at a U.S. Senate hearing that an internal ban has been issued prohibiting all employees from using the DeepSeek application (including desktop/mobile versions). Although DeepSeek is an open-source model that companies can deploy themselves to prevent data backflow, Microsoft pointed out that it still poses risks of "spreading propaganda content or generating unsafe code." It is noteworthy that Microsoft has not completely banned competing products (such as Perplexity) in the Windows App Store, but Google-related applications (including Gemini) have quietly disappeared. (TechCrunch)
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