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- 15:23Stablecoin payment company Zynk completes $5 million seed round led by Hivemind CapitalBlockBeats News, November 4, according to The Block, stablecoin payment company Zynk has completed a $5 million seed round of financing, led by Hivemind Capital. A certain exchange Ventures, Alliance DAO, Transpose Platform VC, Polymorphic, Tykhe Ventures, and Contribution Capital also participated in this round. Zynk co-founder and CEO Prashanth Swaminathan stated that this round of financing was conducted in the form of a Simple Agreement for Future Equity (SAFE) and was completed in August, but he declined to disclose the post-financing valuation. Zynk is a cross-border payment infrastructure company supporting stablecoins, enabling users to achieve instant settlement without pre-funding. The company stated that the new funds will mainly be used to expand its transaction corridor coverage, enhance its liquidity, technology, and compliance infrastructure, and establish partnerships with leading global payment service providers.
- 15:23Bloomberg ETF analyst: Short-term outflows from Bitcoin ETF are normal, don’t expect it to rise every dayBlockBeats News, November 4, Bloomberg ETF analyst Eric Balchunas stated in a post that the growth of bitcoin ETFs will experience a "two steps forward, one step back" process, and it is currently in the retreat phase. This pattern can be seen from the capital flows of IBIT. "In my view, this is part of the development process. Only children would expect prices or inflows to rise every single day."
- 15:22The three major U.S. stock indexes opened lower collectively, and crypto-related stocks declined.BlockBeats News, November 4th, U.S. stock market opened with the Dow Jones down 0.68%, the S&P 500 index down 1.12%, and the Nasdaq down 1.58%. Crypto-related stocks also declined simultaneously, including: Bitcoin treasury stock MSTR opened down 3.83%; SOL treasury stock FORD opened down 20.46%; Ethereum treasury stock BMNR opened down 3.94%; COIN opened down 4.49%; CIRL opened down 4.24%; GLXY opened down 6.36%.