The Block
![Bitcoin scaling protocol QED raises $6 million seed round at '9-figure' valuation](https://img.bitgetimg.com/multiLang/image/social/4650bec319980bfd1f60be479004b6a61720000452862.jpg)
QED Protocol has raised $6 million in a seed funding round from Blockchain Capital.The round brought QED’s valuation to a “9-figure” amount, meaning at least $100 million, founder Carter Feldman told The Block.
![Former IcomTech CEO sentenced to five years in prison for his role in crypto Ponzi-like scheme](https://img.bitgetimg.com/multiLang/image/cdc2b6fc098fe9e726d40e49c03912631705651222332.jpg)
Quick Take Former IcomTech CEO Marco Ruiz Ochoa, 35, was sentenced on Friday before a U.S. district judge after pleading guilty in September to wire fraud.
![FTX must be investigated by independent examiner, court rules](https://img.bitgetimg.com/multiLang/image/930f263edb3f72a57c7642e8a60477751705676581880.jpg)
Quick Take A U.S. bankruptcy court must appoint an independent examiner to investigate the collapse of FTX, the Third Circuit Court of Appeals ruled.
![SEC opens comment period on proposal that would allow options trading on BlackRock's spot bitcoin ETF](https://img.bitgetimg.com/multiLang/image/540e00d4621b22f7c9a3e656d035a2fc1705616437508.png)
The SEC opened a comment period on a proposal from Nasdaq to allow for options trading on BlackRock’s spot bitcoin ETF, according to a filing posted on Friday.
![Bitcoin continues to hover around $41,000 as Grayscale's fund dominates spot ETF volumes](https://img.bitgetimg.com/multiLang/image/8a01309b0e398df661abe03536e7e1951705678628727.jpg)
The world’s largest crypto currency by market capitalization declined 1% to $41,065 at 1:17 p.m. ET.
![Ex-LedgerPrime employees start liquid token hedge fund called Split Capital](https://img.bitgetimg.com/multiLang/image/e3567372ad76176eac6f5a9c1fc3d2301705603200882.jpg)
LedgerPrime alumni Zaheer Ebtikar and Michael Churchouse have launched a new fund called Split Capital that aims to take a longer view with a focus on liquid token investments.
![European bitcoin ETP outflows increase as institutional traders switch to US funds, analyst says](https://img.bitgetimg.com/multiLang/image/4662a5c634c7e8a1f28caed9d3c131fe1705601334136.jpg)
European bitcoin ETP outflows have increased since the launch of spot BTC ETFs in the U.S., according to an analyst.
![Bitcoin correlation with ether hits lowest level since 2021](https://img.bitgetimg.com/multiLang/image/e2a862a40ed27cab7af234597625df8c1705592049307.jpg)
Bitcoin’s rolling 60-day correlation with ether has fallen below 70% for the first time since early 2021, according to Kaiko’s data.The weakening correlation comes amid the launch of spot bitcoin ETFs in the U.S., with speculation that potential spot ether ETF approvals are next.
![Uma token sees 90% surge after hinting at MEV-focused solution](https://img.bitgetimg.com/multiLang/web/dfb82b8a9f94b8da7160f7217536f0df.webp)
Uma’s native token price increased by 90%, from $2 to $3.8, after teasing an MEV solution named Oval.The token’s market capitalization has reached $300 million, the highest since mid-2022.
![Fidelity becomes second spot bitcoin ETF issuer to hit $1 billion of inflows](https://img.bitgetimg.com/multiLang/web/455ad3b39b654e22e9b43af19f735fbb.webp)
Fidelity’s FBTC spot bitcoin ETF joined BlackRock’s IBIT in becoming the second fund to hit more than $1 billion worth of inflows after five days of trading, according to data from BitMEX Research.Flows for most of the ETFs were either flat or positive yesterday, but $579.6 million worth of outflows from Grayscale’s GBTC eclipsed total inflows from the other funds.