The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Tuesday! While a Cloudflare outage took down multiple crypto front-ends this morning, markets are looking a little less shaky. Let's get you up to speed on the latest.
In today's newsletter, bitcoin briefly dips below $90K before recovering, Mt. Gox moves nearly $1 billion in BTC, El Salvador discloses a $100 million bitcoin "purchase," and more.
Meanwhile, Standard Chartered says the bitcoin sell-off is likely over, eyeing a year-end rally.
P.S. Don't forget to check out The Funding, a biweekly rundown of crypto VC trends. It's a great read — and just like The Daily, it's free to subscribe!
Bitcoin briefly slipped below $90,000 to a seven-month low early Tuesday as institutional repositioning and short-term profit-taking intensified sell pressure.
Defunct crypto exchange Mt. Gox transferred 10,608 BTC worth about $956 million late Monday to unmarked addresses, according to Arkham data.
Cloudflare's global network outage on Tuesday disrupted front-ends across major crypto exchanges, DeFi protocols, block explorers, and data dashboards, triggering widespread "500" errors.
Asset management giant Fidelity launched its Solana ETF, FSOL, on Tuesday, becoming the latest issuer to debut a spot SOL fund in the U.S. after Bitwise, Grayscale, and VanEck.
El Salvador's Bitcoin Office disclosed a 1,090 BTC addition worth about $100 million — its largest single-day increase — bringing total holdings to 7,474 BTC, worth roughly $676 million.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
