Coinbase cuts 14% of staff as it navigates downturn, shifts to AI-native operations

Coinbase CEO Brian Armstrong confirmed the layoffs on X, saying that the company's business remains "volatile" from quarter to quarter.

https://www.theblock.co/post/400023/coinbase-cuts-staff?utm_source=rss&utm_medium=rss

Global crypto ETP inflow streak extends to five weeks, masking sharp intraweek reversal: CoinShares

The inflows mark the fifth straight positive week, though the total masked strong outflows that were reversed by a single session on Friday.

https://www.theblock.co/post/400016/global-crypto-etp-inflow-streak-extends-to-five-weeks-masking-sharp-intraweek-reversal-coinshares?utm_source=rss&utm_medium=rss

Sequans sells 1,025 bitcoin to fund debt redemption and buybacks as revenue drops 24.8%

Sequans sold 1,025 bitcoin, cutting its treasury reserves to 1,114 BTC, as Q1 revenue fell 24.8% to $6.1 million.

https://www.theblock.co/post/400035/sequans-sells-1025-bitcoin-to-fund-debt-redemption-and-buybacks-as-revenue-drops-24-8?utm_source=rss&utm_medium=rss

Cipher Digital loses $114 million in Q1 as bitcoin miner accelerates AI data center pivot

The company has been pivoting from a pure-play mining model and toward leasing power and infrastructure to AI and cloud providers.

https://www.theblock.co/post/400034/cipher-digital-loses-114-million-in-q1-as-bitcoin-miner-accelerates-ai-data-center-pivot?utm_source=rss&utm_medium=rss

Coinbase makes ‘seven-figure’ investment in Centrifuge, taps platform as Base’s main tokenization partner

Centrifuge will be the go-to platform for launching tokenized assets on Base, the Ethereum blockchain incubated by Coinbase.

https://www.theblock.co/post/399963/coinbase-figure-investment-centrifuge-base-main-tokenization-partner?utm_source=rss&utm_medium=rss

Wormhole bridges ‘canonical’ version of Bittensor’s TAO token to Solana

The activation is powered by Wormhole Labs’ Sunrise platform, which acts as a "day-one asset gateway" for bridging native assets.

https://www.theblock.co/post/400038/wormhole-bridges-canonical-version-of-bittensors-tao-token-to-solana?utm_source=rss&utm_medium=rss

Securitize taps Jump and Jupiter as it rolls out fully onchain, regulated onchain stocks

Jump will provide institutional liquidity via its PropAMM, while Solana DeFi aggregator Jupiter will support retail and institutional access.

https://www.theblock.co/post/400051/securitize-taps-jump-and-jupiter-as-it-rolls-out-fully-onchain-regulated-onchain-stocks?utm_source=rss&utm_medium=rss

IREN snaps up Mirantis in $625 million all-stock deal to round out its AI cloud platform

Analysts say that IREN's deal implies roughly four to five times revenue valuation for privately held Mirantis.

https://www.theblock.co/post/400032/iren-mirantis-625-million-all-stock-deal-round-out-ai-cloud-platform?utm_source=rss&utm_medium=rss

Google Cloud, Solana Foundation roll out new pay-as-you-go system for AI agents

The Solana Foundation's Pay.sh provides a way for AI bots to discover, access, and pay for API usage on Google Cloud.

https://www.theblock.co/post/400059/google-cloud-solana-foundation-ai-payments?utm_source=rss&utm_medium=rss

MoneyGram supports crypto-to-cash withdrawals for Kraken users

The firms plan to expand this partnership beyond cash withdrawals to support local bank deposits and cross-border remittance flows.

https://www.theblock.co/post/400068/moneygram-supports-crypto-to-cash-withdrawals-kraken-users?utm_source=rss&utm_medium=rss

Ripple CEO Brad Garlinghouse warns next two weeks are critical for crypto legislation

The next two weeks will be pivotal in passing broader cryptocurrency legislation, says Ripple CEO Brad Garlinghouse.

https://www.theblock.co/post/400073/ripple-ceo-brad-garlinghouse-warns-next-two-weeks-are-critical-for-crypto-legislation?utm_source=rss&utm_medium=rss

MoonPay acquires Solana execution layer firm DFlow used by Coinbase, Phantom

DFlow is used by both Coinbase and Phantom and has processed over $50 billion in cumulative trading volume.

https://www.theblock.co/post/400078/moonpay-acquires-solana-execution-layer-firm-dflow-used-coinbase-phantom?utm_source=rss&utm_medium=rss

State Street and Galaxy launch fund on Solana designed to ‘sweep’ stablecoins into productive vehicle

The State Street Galaxy Onchain Liquidity Sweep Fund lets investors push stablecoins into a yield-bearing tokenized fund.

https://www.theblock.co/post/400086/state-street-and-galaxy-launch-fund-on-solana-designed-to-sweep-stablecoins-into-productive-vehicle?utm_source=rss&utm_medium=rss

SoFi to launch its stablecoin on Solana, citing speed and cost

SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, nationally chartered bank.

https://www.theblock.co/post/400098/sofi-to-launch-its-stablecoin-on-solana-citing-speed-and-cost?utm_source=rss&utm_medium=rss

‘We do not see a middle ground’: TD Cowen says stablecoin yield fight could still delay crypto bill

The dispute could still delay the crypto bill and reduce the chances of it passing this year, despite a proposed compromise, the firm said.

https://www.theblock.co/post/400115/we-do-not-see-a-middle-ground-td-cowen-stablecoin-yield-fight-crypto-bill?utm_source=rss&utm_medium=rss

CME Group to launch cash-settled bitcoin volatility futures

Traders use volatility products to speculate on or hedge against swings without having to take a directional bet on prices.

https://www.theblock.co/post/400121/cme-group-to-launch-cash-settled-bitcoin-volatility-futures?utm_source=rss&utm_medium=rss

Ledger integrates Hyperliquid perps trading in its hardware wallets via Yield.xyz

About 20% of Ledger users will be able to access Hyperliquid's onchain perps markets from their hardware wallets.

https://www.theblock.co/post/400110/ledger-hyperliquid-perps-trading-hardware-wallets-yield-xyz?utm_source=rss&utm_medium=rss

Strategy posts $12.5 billion Q1 loss as execs tout STRC ‘big success’

The premier bitcoin treasury company said strong demand for STRC helped it raise $5.58 billion out of a total $11.68 billion so far this year.

https://www.theblock.co/post/400096/strategy-posts-12-5-billion-q1-loss-execs-tout-strc-big-success?utm_source=rss&utm_medium=rss

Kelp DAO ditches LayerZero for Chainlink’s cross-chain infrastructure following $292 million exploit

Many onlookers blame LayerZero's default infrastructure setup because the cross-chain bridge that was attacked used a 1-of-1 configuration.

https://www.theblock.co/post/400131/kelp-dao-ditches-layerzero-chainlink-cross-chain-infrastructure-292-million-exploit?utm_source=rss&utm_medium=rss

CFTC looks to cement non-custodial software developer protections following Phantom no-action letter

The CFTC is considering writing rules to further cement its stance on whether software developers should register as brokers with the agency.

https://www.theblock.co/post/400133/cftc-looks-to-cement-non-custodial-software-developer-protections-following-phantom-no-action-letter?utm_source=rss&utm_medium=rss