ShapeShift’s Houston Morgan told The Block that JPMorgan Chase abruptly closed his business bank account last Friday.

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

The bank's push into stablecoins puts it among many other traditional financial institutions, like Bank of America and Citi.

The CFTC's Acting Chair, Caroline Pham, is seeking chief executives to bolster a newly formed CEO Innovation Council.

SKALE on Base allows agents to take advantage of the chain's scalable infrastructure and Base’s liquidity, users, onramps, and distribution.

Kevin Hassett is at the top of the leaderboard to become the next Fed Chair, according to reporting from Bloomberg.

A $10M budget allocation for BTC was approved with the reported $5M trade representing the first step toward deploying those funds.

The sharp TVL contraction appears largely driven by the unwinding of leveraged looping strategies that proliferated across DeFi protocols.

Ark Invest bought $13.5 million worth of Block. Inc shares, $7.6 million worth of Circle Internet Group and $3.86 million worth of Coinbase.

Robinhood is deepening its foray into prediction markets with plans to launch a derivatives exchange through a new JV with Susquehanna.

Rivaling IT giant Naver is in the process of a merger with Upbit, South Korea's largest cryptocurrency exchange.

Upbit is set to become a wholly-owned subsidiary of Naver, as the Korean IT giant seeks future growth momentum based on digital finance.

CEO Matt Schultz said the company has achieved operating leverage and is positioning its power portfolio for AI-driven data-center growth.

The Bernstein analysts also expect Coinbase to unveil its own prediction-markets platform at its Dec. 17 event.

Bitcoin's underperformance to equities signals a disconnect from fundamentals, making it a strong relative buy, K33's Vetle Lunde said.

Grayscale is looking to expand its lineup of cryptocurrency exchange-traded funds, this time with a product tracking Zcash.

Bitwise launched its Dogecoin ETF on Wednesday, debuting the product built around “a picture of a cute dog” on the New York Stock Exchange.