The Daily: Founders Fund invests in Infinex’s Patron NFT sale, FTX agrees to drop its Bybit lawsuit and more
2024-10-29

I hope you had a good weekend, folks. In today's newsletter, Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale, FTX agrees to drop its Bybit lawsuit, Solana's Phantom wallet faces downtime and more.
Meanwhile, crypto and stock trading app Robinhood gets in on the U.S. presidential election predictions game amid the rising popularity of Polymarket and Kalshi.
Let's get started.
Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale
Peter Thiel's Founders Fund was unveiled as an investor in Infinex's new "patronage" fundraising model on Monday, as the sale officially closed.
FTX agrees to drop lawsuit against Bybit
The FTX estate has settled its lawsuit with crypto exchange Bybit, its executives and its investment arm Mirana for $228 million, aiding upcoming creditor repayments.
Solana's Phantom wallet faces downtime, causing inaccurate account balances for users
Solana's leading web3 wallet Phantom, was hit with 2 hours and 45 minutes of downtime on Monday, leading to inaccurate account balances for users.
Japan's Metaplanet now holds over 1,000 bitcoin
Japanese investment company Metaplanet has invested another $10.4 million in bitcoin, bringing its total holdings to 1,018.17 BTC, valued at around $70 million.
Marc Andreessen shoutouts help AI-powered VC fund ai16z to nearly $100 million market cap
The newly launched, AI-powered VC fund "ai16z" reached nearly a $100 million market cap over the weekend after a shoutout from the unaffiliated a16z partner on which it's modeled, Marc Andreessen.
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Disclaimer: Larry Cermak, CEO of The Block, also invested in the Patron NFT sale.
Disclaimer: Evgeny Gaevoy, the founder and CEO of Wintermute, previously sat on The Block’s board of directors from April 2023 to early November 2023 and remains a minority shareholder.
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.
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