Ellipsis is best known as the builder of Phoenix, the popular orderbook-style exchange on Solana.
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.
The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.
The $410 million fund is also available on Stellar, Aptos, Avalanche, Arbitrum and Polygon.
The Binance founder and former CEO received an ovation at a standing-room only appearance in Dubai.
The latest price moves in crypto markets in context for Oct. 31, 2024.
The company missed consensus revenue expectations, analysts said.
Completion of the acquisition is subject to regulatory approval in Spain.
The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.
Strong net flows into bitcoin exchange-traded funds indicate robust institutional demand as BTC dominance rises at the expense of ether, one trader noted.