FTX didn’t know Backpack bought its EU arm – Blockworks
This is part of the Lightspeed newsletter. To read the full version, go to Subscribe. On Tuesday, we reported that Backpack acquired FTX EU in a $32.7 million deal. The next day, FTX statement Revealed the announcement of the backpack. Then in the press release ownBackpack revealed FTX clarification. This is probably how companies fight. […]
Morgan Stanley’s ETF move a ‘giant step’ for bitcoin adoption – Blockworks
Enjoy Blockworks.co’s On the Margin newsletter today, and get the news delivered straight to your inbox tomorrow. Subscribe to the On the Margin Newsletter. Welcome to the On the Margin newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what’s in today’s edition: What it means for Morgan Stanley to allow advisors to […]
Funding Wrap: Solana-based Ellipsis draws an Ethereum-heavy cap table – Blockworks
The developer of Solana-based decentralized exchange Phoenix has just secured $20 million in a Series A funding round for startup Ellipsis. The financing was led by Paradigm with support from Electric Capital and other industry leaders. Notably, Ethereum public figures also supported the development of Ellipsis. These include Ethereum researchers Justin Drake and Mike Newder, […]
The 2024 halving could usher in a new era for Bitcoin – Blockworks
The fourth Bitcoin halving event is expected to occur on or around April 19, 2024, heralding a major change in the cryptocurrency landscape. The crux of the quadrennial halving event is that it involves a reduction in the reward (block subsidy) given to miners for each block mined on the Bitcoin blockchain, as defined by […]
Crypto Hiring: McKinsey exec joins Ondo Finance – Blockworks
Ian de Bord left his job as head of digital assets at blue-chip consulting firm McKinsey & Company to join real-world assets startup Ondo Finance. Mr. De Bode will become Ondo’s Chief Strategy Officer and is a new hire to the company from the traditional large financial industry. Ondo founder and CEO Nathan Allman comes […]
21Shares president 'less bearish' than Cathie Wood on ether ETF approval – Blockworks
Executives at two issuers that are jointly considering launching a SpotEther ETF have differing views on whether such a fund can win approval in the near future. Ark Investments CEO Cathie Wood said on a podcast this week with Blockworks co-founder Jason Yanowitz that the Ark21Shares Ethereum ETF and other similar products will be approved […]
Solana price dips as outage requires a network restart – Blockworks
The Solana mainnet (technically still referred to as “mainnet beta”) went down around 5:30 a.m. ET, effectively suspending all activity on the chain. A major failure required a network restart. Engineers responded with a validator software patch about an hour after the incident, allowing validators to upgrade to version 1.17.20 and make adjustments to get […]
As bitcoin ETFs continue fight for assets, here's where they all stand – Blockworks
Ten spot Bitcoin ETFs were launched on January 11th. Eight days later, two funds topped the list in terms of net inflows: BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Investments' Wise Origin Bitcoin Fund (FBTC). BlackRock's assets for sale reached $1 billion in four trading days, while Fidelity's fund reached that milestone on the fifth […]