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The Block News Feed
Backpack taps Superstate for IPO roadshow tokenization offering, opens waitlist
The Block
Backpack taps Superstate for IPO roadshow tokenization offering, opens waitlist
Users will be able to purchase official IPO shares with “real, direct ownership on Solana," through a partnership with Superstate.
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The Block News Feed
Strategy’s STRC emerging as ‘backbone’ of yield-backed stablecoin ecosystem: Benchmark
The Block
Strategy’s STRC emerging as ‘backbone’ of yield-backed stablecoin ecosystem: Benchmark
Strategy raised STRC’s monthly dividend to 11.5%, part of a mechanism designed to keep the preferred shares trading near their $100 par value.
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The Block News Feed
Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update
The Block
Morgan Stanley names Coinbase and BNY as custodians in proposed bitcoin ETF filing update
Morgan Stanley's updated S-1 filing named Coinbase and BNY as custodians for its proposed bitcoin exchange-traded product.
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The Block News Feed
Sui joins stablecoin race with USDsui mainnet launch
The Block
Sui joins stablecoin race with USDsui mainnet launch
The core developer behind Sui designed the network to outperform other blockchains in terms of speed and scalability.
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Trump’s social media post on crypto bill ‘not enough’ to move legislation, TD Cowen says
The Block
Trump's social media post on crypto bill 'not enough' to move legislation, TD Cowen says
Trump's direct involvement is required, but it is hard to see that occurring while the U.S. is in armed conflict with Iran, TD said.
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Bank groups ‘deeply concerned’ after Fed grants Kraken master account
The Block
Bank groups ‘deeply concerned’ after Fed grants Kraken master account
Some crypto advocates argue the decision could open the door to payment-focused financial institutions that operate without traditional deposit-lending models.
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The Daily: White House crypto advisor Patrick Witt slams Jamie Dimon’s stablecoin yield logic as Trump takes clear side in the debate, and more
The Block
The Daily: White House crypto advisor Patrick Witt slams Jamie Dimon's stablecoin yield logic as Trump takes clear side in the…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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Bitcoin taps $74,000 as crypto market rally lifts Dogecoin, Coinbase and more
The Block
Bitcoin taps $74,000 as crypto market rally lifts Dogecoin, Coinbase and more
Crypto-linked equities outpaced the broader market rally, with Gemini shares jumping about 34% and Coinbase climbing roughly 15%.
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Zerohash seeks national trust bank charter from OCC
The Block
Zerohash seeks national trust bank charter from OCC
The firm wants to be able to provide services like custody over digital assets, fiat currency, and other assets.
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A16z looks to raise $2 billion for its fifth crypto fund: Fortune
The Block
A16z looks to raise $2 billion for its fifth crypto fund: Fortune
A16z's previous four crypto funds topped $7.6 billion, including its massive $4.5 billion Crypto Fund 4 in 2022.
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SEC submits framework to White House on applying securities laws to crypto assets
The Block
SEC submits framework to White House on applying securities laws to crypto assets
The SEC has submitted commission-level interpretive guidance, which is currently at the prerule stage undergoing interagency review.
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SOL Strategies shares jump 20% as firm posts validator network growth
The Block
SOL Strategies shares jump 20% as firm posts validator network growth
The company said its validator network grew to 33,568 unique wallets in February, up from about 31,000 announced earlier in the month.
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‘Straight up anti-American’: Eric Trump slams banks for lobbying against stablecoins
The Block
'Straight up anti-American': Eric Trump slams banks for lobbying against stablecoins
White House advisor Patrick Witt also recently pushed back against JPMorgan CEO Jamie Dimon’s comments on the topic.
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The Block News Feed
X user ‘Sillytuna’ claims $24 million stolen in violent crypto attack
The Block
X user 'Sillytuna' claims $24 million stolen in violent crypto attack
The X account of trader 'Sillytuna' claimed that roughly $24 million in cryptocurrency was stolen in a violent attack.
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The Block News Feed
Sen. Murphy alleges White House ‘insiders’ profited from Iran strike bets, pushes to ban prediction markets on government actions
The Block
Sen. Murphy alleges White House 'insiders' profited from Iran strike bets, pushes to ban prediction markets on government actions
Sen. Murphy plans legislation banning prediction market bets on government actions after $1 million in profits tied to Iran strike contracts.
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The Block News Feed
Bitcoin ETF inflows top $1 billion in three days as analysts revive ‘safe haven’ narrative
The Block
Bitcoin ETF inflows top $1 billion in three days as analysts revive 'safe haven' narrative
Analysts said renewed ETF inflows may be reviving bitcoin’s long-debated “safe haven” narrative as its price approaches the mid-$70,000s.
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Apollo Crypto to manage tokenized mEVUSD targeting returns on stablecoins
The Block
Apollo Crypto to manage tokenized mEVUSD targeting returns on stablecoins
The product will tap diversified lending strategies on protocols such as Aave, Morpho, and Pendle as well as market-neutral basis trades.
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Crossover Markets raises $31 million in Tradeweb-led Series B with participation from Ripple
The Block
Crossover Markets raises $31 million in Tradeweb-led Series B with participation from Ripple
Crossover Markets raised $31 million in a Tradeweb-led Series B round that values the institutional crypto trading firm at $200 million.
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NYSE parent ICE invests in crypto exchange OKX at $25 billion valuation amid tokenized stocks push: Fortune
The Block
NYSE parent ICE invests in crypto exchange OKX at $25 billion valuation amid tokenized stocks push: Fortune
NYSE parent company Intercontinental Exchange has invested in crypto exchange OKX at a $25 billion valuation as tokenization garners traction.
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DCG subsidiary Yuma highlights subnet development in ‘State of Bittensor’ report
The Block
DCG subsidiary Yuma highlights subnet development in 'State of Bittensor' report
'We're seeing the first signs of this value flow back into subnet tokens, which are becoming more than just network incentives,' Silbert said.
The Block News Feed
Morgan Stanley provides $500 million loan facility to Core Scientific with option to extend to $1 billion
The Block
Morgan Stanley provides $500 million loan facility to Core Scientific with option to extend to $1 billion
Core Scientific secured a $500 million Morgan Stanley facility, with an option that could bring total commitments to $1 billion.