US spot Ethereum ETFs now hold over 5% of ETH supply

Spot Ethereum exchange-traded funds in the U.S. currently hold 5.08% of ETH supply, according to Dune data.

https://www.theblock.co/post/367378/ethereum-etfs-eth-supply?utm_source=rss&utm_medium=rss

Illinois governor signs new crypto oversight laws targeting exchanges and ATMs

Illinois governor JB Pritzker signed two new crypto regulation bills into law on Monday, targeting exchanges and ATMs in the state.

https://www.theblock.co/post/367383/illinois-passes-two-crypto-bills?utm_source=rss&utm_medium=rss

Nonprofit American Innovation Project backed by Coinbase, Uniswap, others launches to educate US lawmakers on crypto

A new nonprofit organization, supported by industry leaders including Coinbase and Uniswap Labs launched Tuesday with a shared mission.

https://www.theblock.co/post/367303/nonprofit-american-innovation-project-backed-by-coinbase-uniswap-others-launches-to-educate-us-lawmakers-on-crypto?utm_source=rss&utm_medium=rss

Bernstein analysts see crypto bull market running through 2027

Bernstein raised its price targets for Coinbase, Robinhood and Circle, saying policy tailwinds and surging volumes could push the bull market into 2027.

https://www.theblock.co/post/367390/bernstein-analysts-see-crypto-bull-market-running-through-2027?utm_source=rss&utm_medium=rss

Tether appoints former White House Crypto Council head Bo Hines as US strategy advisor

Bo Hines, who led the White House Crypto Council and aided the GENIUS Act, has joined Tether as strategic advisor as the firm moves to enter the U.S.

https://www.theblock.co/post/367394/bo-hines-joins-tether?utm_source=rss&utm_medium=rss

Trump Jr.-backed Thumzup crypto treasury company pursues all stock deal with Dogecoin and Litecoin miner

The Trump Jr.-backed Thumzup raised $50 million in July in a common stock offering to purchase tokens and invest in crypto mining.

https://www.theblock.co/post/367421/trump-jr-backed-thumzup-crypto-treasury-company-pursues-all-stock-deal-with-dogecoin-and-litecoin-miner?utm_source=rss&utm_medium=rss

KindlyMD secures $679 million in bitcoin to begin Nakamoto treasury buildout

KindlyMD, following its merger with Nakamoto, purchased 5,744 BTC for $679 million to launch its bitcoin treasury vehicle, joining the corporate BTC race.

https://www.theblock.co/post/367419/kindlymd-secures-679-million-in-bitcoin-to-begin-nakamoto-treasury-buildout?utm_source=rss&utm_medium=rss

1inch launches native cross-chain swaps between Solana and EVM chains

1inch has introduced native swaps between Solana and EVM networks, aiming to improve liquidity across ecosystems.

https://www.theblock.co/post/367406/1inch-launches-native-swaps-between-solana-and-evm-chains?utm_source=rss&utm_medium=rss

Valantis acquires StakedHYPE, a liquid staking platform on Hyperliquid

Operations and development for StakedHYPE move to Valantis Labs; StakedHYPE founder Addison Spiegel joins Valantis as an advisor.

https://www.theblock.co/post/367418/valantis-acquires-stakedhype-a-liquid-staking-platform-on-hyperliquid?utm_source=rss&utm_medium=rss

Robinhood launching sports betting prediction markets on NFL and NCAA football via Kalshi partnership

The trading platform will provide a way for people to wager on football games without having to use popular betting apps.

https://www.theblock.co/post/367417/robinhood-launching-sports-betting-prediction-markets-on-nfl-and-ncaa-football-via-kalshi-partnership?utm_source=rss&utm_medium=rss

Ethereum treasury SharpLink spends another $667 million adding to its ETH stockpile

The company, which pivoted to a crypto treasury in June, holds 740,760 ether, worth nearly $3.2 billion at current prices.

https://www.theblock.co/post/367447/ethereum-treasury-sharplink-spends-another-667-million-adding-to-its-eth-stockpile?utm_source=rss&utm_medium=rss

MetaMask continues expansion beyond Ethereum with latest TRON integration

The self-custodial wallet has previously integrated Sei and Solana and has signaled plans to add Bitcoin support.

https://www.theblock.co/post/367316/metamask-continues-expansion-beyond-ethereum-with-latest-tron-integration?utm_source=rss&utm_medium=rss

Wyoming launches first state-backed stablecoin on seven blockchains

The Frontier Stable Token (FRNT) will go live on seven blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.

https://www.theblock.co/post/367459/wyoming-launches-first-state-backed-stablecoin-on-seven-blockchains?utm_source=rss&utm_medium=rss

Sen. Tim Scott pushes crypto bill ahead of Sept. deadline but says Sen. Elizabeth Warren is ‘standing in the way’

Sen. Tim Scott says he is banking on getting enough Democrats to pass his larger crypto market structure bill.

https://www.theblock.co/post/367471/sen-tim-scott-pushes-crypto-bill-ahead-of-sept-deadline-but-says-sen-elizabeth-warren-is-standing-in-the-way?utm_source=rss&utm_medium=rss

Crypto exchange Bullish settles $1.15 billion IPO using stablecoins

After going public last week, Bullish has announced it is settling its $1.15 billion initial public offering using stablecoins like USDC.

https://www.theblock.co/post/367480/crypto-exchange-bullish-settles-1-15-billion-ipo-using-stablecoins?utm_source=rss&utm_medium=rss

Scaramucci’s SkyBridge eyes tokenizing $300 million on Avalanche blockchain: Fortune

Two funds will have their assets tokenized on Avalanche, including one that invests in directly in crypto assets including bitcoin.

https://www.theblock.co/post/367494/scaramuccis-skybridge-eyes-tokenizing-300-million-on-avalanche-blockchain-fortune?utm_source=rss&utm_medium=rss

SoFi taps Lightspark as it looks to use Bitcoin Lightning for an international money transfer service

In 2019, the neobank introduced crypto trading — though it curtailed the service amid the regulatory backlash following the FTX collapse.

https://www.theblock.co/post/367506/sofi-taps-lightspark-as-it-looks-to-use-bitcoin-lightning-for-an-international-money-transfer-service?utm_source=rss&utm_medium=rss

‘We stand at a crossroads’: Fed’s Bowman urges more of an embrace toward crypto and tech

The Federal Reserve's Michelle Bowman says the central bank is at a "crossroads" when it comes to financial innovation.

https://www.theblock.co/post/367508/we-stand-at-a-crossroads-feds-bowman-urges-more-of-an-embrace-toward-crypto-and-tech?utm_source=rss&utm_medium=rss

The Daily: Ethereum ETFs hold 5% of ETH supply, Thumzup acquiring Dogecoin and Litecoin miner, Wyoming launches stablecoin, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

https://www.theblock.co/post/367532/the-daily-ethereum-etfs-hold-5-of-eth-supply-thumzup-acquiring-dogecoin-and-litecoin-miner-wyoming-launches-stablecoin-and-more?utm_source=rss&utm_medium=rss

Digital asset treasuries eclipse venture funding as companies raise $15 billion in 2025

Traditional crypto startup VC rounds total just 856 deals in 2025, compared to 1,933 in the same period last year.

https://www.theblock.co/post/367485/digital-asset-treasuries-eclipse-venture-funding-as-companies-raise-15-billion-in-2025?utm_source=rss&utm_medium=rss