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The Block News Feed
Arizona becomes second US state to enact crypto reserve bill
The Block
Arizona becomes second US state to enact crypto reserve bill
The bill enables the integration of crypto assets into Arizona's unclaimed property framework by establishing a crypto reserve fund.
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G7 leaders weigh discussing North Korean crypto hacks in June summit: Bloomberg
The Block
G7 leaders weigh discussing North Korean crypto hacks in June summit: Bloomberg
North Korea was behind some of the largest crypto heists in history, including the $1.4 billion exploit on Bybit exchange earlier this year.
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US banks can buy and sell customers’ crypto assets on their behalf, OCC says
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US banks can buy and sell customers' crypto assets on their behalf, OCC says
The agency recently rescinded its previous stance that had required banks to get its approval before engaging in crypto-related activities.
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Binance founder CZ confirms filing for presidential pardon from Trump
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Binance founder CZ confirms filing for presidential pardon from Trump
Changpeng Zhao, also known as CZ, said in a Tuesday podcast interview that he has applied for a pardon from President Trump.
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Bitcoin briefly tops $99,000 as it rallies on constructive momentum, analyst says
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Bitcoin briefly tops $99,000 as it rallies on constructive momentum, analyst says
One analyst said bitcoin could retest its all-time high if it holds above the $100,000 line in upcoming sessions.
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Flare Network’s total value locked surges 160% since USDT0 rollout, surpassing $120 million
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Flare Network's total value locked surges 160% since USDT0 rollout, surpassing $120 million
The growth is linked to the launch of USDT0, an omnichannel version of Tether's USDT, and an incentive program by Flare.
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Bitcoin becoming global reserve asset ‘sooner’ than most think: David Bailey
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Bitcoin becoming global reserve asset 'sooner' than most think: David Bailey
Bitcoin Inc CEO David Bailey discusses Bitcoin's growing institutional and geopolitical adoption and potential as a reserve asset.
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Stripe unveils new stablecoin feature following $1.1 billion Bridge acquisition
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Stripe unveils new stablecoin feature following $1.1 billion Bridge acquisition
The new product allows businesses to hold balances in dollar-backed stablecoins, and send stablecoins globally.
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Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
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Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
The EVM-only proposal aims to improve the user and developer experience ahead of Sei's forthcoming Giga upgrade.
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Trump-tied World Liberty Financial’s USD1 stablecoin market cap surges from $130M to over $2B since late April
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Trump-tied World Liberty Financial’s USD1 stablecoin market cap surges from $130M to over $2B since late April
The supply of Trump's WLFI stablecoin USD1 grew over to $2.1 billion in a few days as an Abu Dhabi firm confirmed an investment into Binance.
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‘Don’t do crime, crime is bad’ — Hack on ransomware gang LockBit exposes 59,975 Bitcoin addresses and thousands of victim negotiations: report
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'Don't do crime, crime is bad' — Hack on ransomware gang LockBit exposes 59,975 Bitcoin addresses and thousands of victim negotiations:…
Ransomware gang LockBit, known for demanding cryptocurrency payments, has been hit by a data leak of its own following a recent hack.
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Arbitrum DAO approves 35 million ARB allocation to tokenized US Treasurys from Franklin Templeton, Spiko, and WisdomTree
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Arbitrum DAO approves 35 million ARB allocation to tokenized US Treasurys from Franklin Templeton, Spiko, and WisdomTree
Around $11.6 million of Arbitrum's treasury will now be allocated to Franklin Templeton's FOBXX, Spiko's USTBL, and WisdomTree's WTGXX.
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Ether leads weekly gains among top 10 cryptocurrencies as Bitcoin flirts with $100,000
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Ether leads weekly gains among top 10 cryptocurrencies as Bitcoin flirts with $100,000
Ether eyed $2,000 for the first time since March following instutional interest over the last two weeks and the recent Pectra upgrade.
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Coinbase agrees to acquire crypto derivatives exchange Deribit in record $2.9 billion deal
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Coinbase agrees to acquire crypto derivatives exchange Deribit in record $2.9 billion deal
The deal consists of $700 million in cash and 11 million shares of Coinbase Class A common stock, the crypto exchange giant confimed.
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Superstate unveils ‘Opening Bell’ to bring SEC-registered equities onchain, starting with Solana
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Superstate unveils ‘Opening Bell’ to bring SEC-registered equities onchain, starting with Solana
Superstate was among several firms to propose an SEC-backed framework to bring Wall Street stocks to the blockchain.
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Bitcoin crosses $100,000 for first time since February amid renewed US trade negotiations
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Bitcoin crosses $100,000 for first time since February amid renewed US trade negotiations
Bitcoin is up nearly 4% on the day and 27.4% over the past 30 days. This is the first time BTC has seen $100,000 since February.
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Skale launches BITE Protocol to eliminate malicious MEV attacks
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Skale launches BITE Protocol to eliminate malicious MEV attacks
BITE encrypts data to prevent MEV bots from front-running, sniping or excluding transactions for their personal gain.
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‘$1 trillion company some day’: Coinbase’s record-setting Deribit deal signals big bet on crypto’s institutional future
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‘$1 trillion company some day’: Coinbase’s record-setting Deribit deal signals big bet on crypto's institutional future
Earlier today, Coinbase agreed to acquire crypto derivatives exchange Deribit in a record $2.9 billion deal.
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Trump ‘furious’ after lobbyist behind XRP-tied crypto post revealed to have worked for Ripple: Politico
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Trump 'furious' after lobbyist behind XRP-tied crypto post revealed to have worked for Ripple: Politico
According to Politico, Trump was not only "furious and felt like he’d been used," the lobbyist has also became a pariah in the West Wing.
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The Daily: Bitcoin retakes $100K, Coinbase drops $2.9B on Deribit, Trump fumes over XRP crypto reserve post, and more
The Block
The Daily: Bitcoin retakes $100K, Coinbase drops $2.9B on Deribit, Trump fumes over XRP crypto reserve post, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.