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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
AI Agent AiXBT achieves a 48% win rate and 19% average return on 416 promoted tokens, showcasing its mixed impact on crypto markets.
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.
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.
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.
- 08:43Data: Hong Kong Virtual Asset ETF's trading volume today is approximately HKD 68.2496 millionAccording to Hong Kong stock market data, as of the close, the total trading volume of all Hong Kong virtual asset ETFs today was approximately HKD 68.2496 million. Among them: China Asset Bitcoin ETF (3042.HK/9042.HK/83042.HK) had a trading volume of HKD 62.84 million, and China Asset Ethereum ETF (03046.HK/09046.HK/83046.HK) had a trading volume of HKD 2.5966 million; Harvest Bitcoin ETF (03439.HK/09439.HK) had a trading volume of HKD 306,100, and Harvest Ethereum ETF (03179.HK/09179.HK) had a trading volume of HKD 108,600; Boshi Bitcoin ETF (03008.HK/09008.HK) had a trading volume of HKD 1.3599 million, and Boshi Ethereum ETF (03009.HK/09009.HK) had a trading volume of HKD 1.0384 million. Note: All the above virtual asset ETFs have HKD and USD counters, and only the two China Asset ETFs also have a RMB counter.
- 08:43Bitget Wallet Announces Sei Ecosystem Monthly TVL Surpasses $20 Million, Total Prize Pool Expands to $1.2 MillionBitget Wallet announced that its ongoing Sei Ecosystem Month event has seen its TVL (Total Value Locked) surpass $20 million within a week of launch, with user participation continuing to rise. To reward community support, the total prize pool has been increased to $1.2 million, and more tasks and rewards will be introduced in subsequent phases. With the full integration of Bitget Wallet into the Sei network, users can now trade, track, and transfer Sei assets through the wallet, and bridge assets from over 30 major public chains to the Sei EVM via cross-chain infrastructure. Additionally, leveraging the Super DEX that covers 130+ public chains, users can achieve efficient interaction and trading experience of Sei assets on a single interface. This Ecosystem Month consists of multiple phases. The first phase began on May 8, with Bitget Wallet partnering with Takara Lend to launch a USDT bridging staking event offering up to 40% APY, with rewards distributed in $SEI, continuing until August 8. The second phase started on May 15, in collaboration with Sailor Finance, launching an on-chain trading event. By completing social media tasks and trading WBTC, WETH, WSEI, USDC through SAILOR on Bitget Swap, participants can share $30,000 SEI rewards based on cumulative trading volume. The event will run until May 29. Subsequent phases will introduce more Sei ecosystem projects.
- 08:29Famous Wall Street Short Seller Jim Chanos: We Are Selling MicroStrategy Stock and Buying BitcoinJim Chanos, a well-known Wall Street short seller, stated at the Sohn Investment Conference in New York that he is engaging in an aggressive long-short trade involving MicroStrategy and Bitcoin. Chanos is bullish on Bitcoin while shorting MicroStrategy, believing that the company holds a large amount of Bitcoin through leverage, and its stock price has a significant premium relative to its Bitcoin holdings. Chanos pointed out that MicroStrategy and its imitators promote the idea of buying Bitcoin through corporate structures to retail investors, and valuing it at a similar premium is unreasonable. He stated that by shorting MicroStrategy stock and buying Bitcoin, it's akin to buying at $1 and selling at $2.5. Over the past year, MicroStrategy's stock price has risen by more than 220%, while Bitcoin's increase over the same period is nearly 70%.