The Block
The ether-to-bitcoin price ratio dropped to 0.032, a level last seen in March 2021.Bitcoin has been rewriting record-high prices, currently trading at around $97,770.Ether has been underperforming amid the rise of Bitcoin and Solana this year.
Quick Take Pike Finance’s token generation event took place on Monday with an initial liquidity of only $10,000. Early investors complained as the lack of initial liquidity saw the value of the token drop significantly.
Quick Take Vitalik Buterin said he supports the existence of a Hezbollah betting section on the predictions platform Polymarket, despite community concerns. Buterin was among the participants in Polymarket’s $45 million Series B funding round.
Quick Take Jesse Pollak, protocols lead at Coinbase, is stepping up to head the crypto exchange’s web3 non-custodial Coinbase Wallet. Pollak, currently leading the development of the Ethereum Layer 2 network Base, is also joining Coinbase’s executive team.
Quick Take According to a Monday filing, about 94.48% of creditors in the “dotcom customer entitlement claims” class who returned ballots voted in favor of the plan. The reorganization plan’s confirmation hearing is scheduled for Oct. 7.
Quick Take BitGo Singapore will offer cold storage for over 1,100 digital assets, voice trading, automated settlement and token management for organizations, among other services. In August, BitGo received the Major Payment Institution License from the Monetary Authority of Singapore.
Quick Take Arbitrum One, a Layer 2 rollup for Ethereum, has surpassed 1 billion transactions since its mainnet launch in August 2021.
The price of bitcoin hit the $95,000 level for the first time ever on Wednesday night on Coinbase, marking a new all-time high.The price of the world’s largest cryptocurrency is now up 110% in 2024.
Quick Take EigenLayer lifted transfer restrictions on its EIGEN token, enabling trading on various exchanges. The current trading price is about $4.28, which results in a fully diluted market valuation of $7.1 billion.
Spot bitcoin ETFs in the U.S. reported daily net inflows of $61.3 million on Monday.BlackRock’s IBIT led the inflows, with $72.15 million flowing into the fund.
