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The Block News Feed
‘First they fight you, then add you to the S&P 500’: Coinbase could see $9 billion in passive inflows, Bernstein says
The Block
'First they fight you, then add you to the S&P 500': Coinbase could see $9 billion in passive inflows, Bernstein says
Coinbase is set to join the S&P 500 — a move that could see billions of dollars allocated to COIN, according to analysts at Bernstein.
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Dubai’s finance department signs MOU with Crypto.com to enable crypto payments for government services
The Block
Dubai’s finance department signs MOU with Crypto.com to enable crypto payments for government services
Dubai is tapping Crypto.com to realize its cash strategy by allowing residents and businesses pay government fees in cryptocurrency.
The Block News Feed
Galaxy Digital finalizes US move ahead of planned Nasdaq listing this week, posts $295 million Q1 net loss
The Block
Galaxy Digital finalizes US move ahead of planned Nasdaq listing this week, posts $295 million Q1 net loss
The firm reported a Q1 net loss of $295 million, driven by a slump in digital asset prices and a mining-related impairment charge.
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Robinhood to acquire Canadian crypto trading platform WonderFi for around $179 million
The Block
Robinhood to acquire Canadian crypto trading platform WonderFi for around $179 million
The $179 million offer by Robinhood Markets represents a 71% premium to WonderFi's 30-day average share price.
The Block News Feed
Yuga Labs sells CryptoPunks IP to nonprofit Infinite Node Foundation
The Block
Yuga Labs sells CryptoPunks IP to nonprofit Infinite Node Foundation
Yuga Labs sold the CryptoPunks IP following the community backlash of a derivative project and criticism over its handling of the series.
The Block News Feed
VanEck, Securitize launch tokenized US Treasury fund across four blockchains
The Block
VanEck, Securitize launch tokenized US Treasury fund across four blockchains
While leveraging "Securitize's integrated services" the VBILL fund is initially available on Avalanche, BNB Chain, Ethereum, and Solana,
The Block News Feed
Crypto equities surge as US inflation prints three-month cooling streak; ‘catch-up rally’ expected, analyst says
The Block
Crypto equities surge as US inflation prints three-month cooling streak; 'catch-up rally' expected, analyst says
Stocks related to blockchain and U.S. tech companies may play catch-up while BTC takes a breather before ATH as inflation softens.
The Block News Feed
BitGo to manage e-commerce firm Upexi’s growing Solana treasury worth over $100 million
The Block
BitGo to manage e-commerce firm Upexi’s growing Solana treasury worth over $100 million
Upexi has a $100 million investment commitment anchored by GSR to buy and stake as many SOL tokens as possible.
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$670 million in short liquidations mark year’s largest wipeout, with altcoins driving weekend volatility
The Block
$670 million in short liquidations mark year's largest wipeout, with altcoins driving weekend volatility
The surge in short liquidations was driven by significant increases in the price of BTC, ETH, and altcoins amid talks between U.S. and China.
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Paris police hunt armed suspects after attempted kidnapping of crypto entrepreneur’s daughter, grandchild
The Block
Paris police hunt armed suspects after attempted kidnapping of crypto entrepreneur's daughter, grandchild
The news marks the fifth known "wrench attack" in France since the start of the year amid a rising trend of physical threats.
The Block News Feed
Thailand plans to offer a investment-grade crypto token to the public: Bloomberg
The Block
Thailand plans to offer a investment-grade crypto token to the public: Bloomberg
Earlier this year the prime minister's father said Thailand should consider "issuing stablecoins backed by government bonds."
The Block News Feed
Wyoming Stable Token Commission taps Inca Digital for state-backed WYST stablecoin money-laundering surveillance
The Block
Wyoming Stable Token Commission taps Inca Digital for state-backed WYST stablecoin money-laundering surveillance
The WYST stablecoin, approved for development under the Wyoming Stable Token Act passed in March 2023, is expected to launch in July.
The Block News Feed
Solana Name Service airdrops 40% of token supply after FIDA tokenomics deemed unsustainable
The Block
Solana Name Service airdrops 40% of token supply after FIDA tokenomics deemed unsustainable
The project is a "decentralized naming protocol" on the Solana blockchain, which is meant to streamline user interactions.
The Block News Feed
The Daily: Coinbase’s S&P 500 inclusion could see $9B in passive inflows as stock jumps 25%, GD Culture plans $300M BTC and TRUMP buy, and more
The Block
The Daily: Coinbase's S&P 500 inclusion could see $9B in passive inflows as stock jumps 25%, GD Culture plans $300M BTC and TRUMP…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Block News Feed
London-based asset manager buys nearly $500 million worth of Ethereum in six days
The Block
London-based asset manager buys nearly $500 million worth of Ethereum in six days
ETH was changing hands at $2,614.33 as of 2:26 p.m., up about 6% on the day, according to The Block Price Page.
The Block News Feed
SEC seeks feedback for in-kind redemptions on BlackRock’s Bitcoin ETF, delays Solana and Dogecoin proposals
The Block
SEC seeks feedback for in-kind redemptions on BlackRock’s Bitcoin ETF, delays Solana and Dogecoin proposals
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
The Block News Feed
Republican Sens. Lummis and Moreno press US Treasury for guidance on crypto tax rules
The Block
Republican Sens. Lummis and Moreno press US Treasury for guidance on crypto tax rules
Sens. Cynthia Lummis and Bernie Moreno say a tax provision could have unintended consequences for companies holding digital assets.
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Tether-backed Twenty One Capital purchases $458.7 million worth of bitcoin
The Block
Tether-backed Twenty One Capital purchases $458.7 million worth of bitcoin
Twenty One Capital, the bitcoin investment company backed by Cantor Fitzgerald, Tether and Softbank, has purchased 4,812 BTC.
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Etoro prices Nasdaq debut at $52, surpassing expectations
The Block
Etoro prices Nasdaq debut at $52, surpassing expectations
The crypto and equities trading platform had previously targeted an initial public offering price range of $46 to $50 per share.
The Block News Feed
DeFi Development Corp adds 172,670 SOL, boosting total holdings over $100 million
The Block
DeFi Development Corp adds 172,670 SOL, boosting total holdings over $100 million
The Nasdaq-listed firm said it purchased 172,670 SOL, boosting its total holdings to 595,988 SOL, worth about $102.7 million.