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The Block News Feed
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The Block News Feed
US Senate votes to halt stablecoin bill as rising tensions surge over Trump’s crypto involvement
The Block
US Senate votes to halt stablecoin bill as rising tensions surge over Trump's crypto involvement
Senators voted to not move forward on a bill to regulate stablecoins for now following escalating tension over President Trump's involvement.
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Camp Network launches testnet for IP-focused blockchain after $30 million raise
The Block
Camp Network launches testnet for IP-focused blockchain after $30 million raise
The startup recently closed an oversubscribed $30 million funding round backed by 1kx and Blockchain Capital.
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Former Celsius CEO sentenced to 12 years in prison for crypto related fraud: Inner City Press
The Block
Former Celsius CEO sentenced to 12 years in prison for crypto related fraud: Inner City Press
Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison after prosecutors said he defrauded customers, Inner City Press reported.
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Jump Crypto secures ‘strategic’ equity stake in Securitize to deepen institutional tokenization access
The Block
Jump Crypto secures 'strategic' equity stake in Securitize to deepen institutional tokenization access
Jump Crypto declined to disclose the dollar value of the deal, which aims to accelerate institutional adoption of tokenization tech.
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Bitcoin miners MARA and CleanSpark post higher Q1 revenues, but both lose money
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Bitcoin miners MARA and CleanSpark post higher Q1 revenues, but both lose money
Despite the revenue increases, both companies also registered a net loss with MARA losing $533 million and CleanSpark $139 million.
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Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report
The Block
Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report
Meta's rekindled interest in integrating stablecoins comes amid a shift toward a friendlier regulatory environment for crypto.
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Coinbase misses Q1 earnings and revenue estimates as trading activity dips 10%
The Block
Coinbase misses Q1 earnings and revenue estimates as trading activity dips 10%
The U.S.-based crypto exchange missed analysts' expected earnings per share by a wide margin, according to its latest filing.
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Web3 consumer rewards platform T-Rex nets $17 million in pre-seed funding
The Block
Web3 consumer rewards platform T-Rex nets $17 million in pre-seed funding
T-Rex aims to reward individuals consuming content online, such as on X, TikTok, or YouTube, with cryptocurrency rewards.
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Ethereum jumps 20% after Pectra upgrade, marking largest gain in four years
The Block
Ethereum jumps 20% after Pectra upgrade, marking largest gain in four years
Ethereum has rallied since Tuesday's activation of the Pectra upgrade, the network’s most significant update since the 2022 Merge.
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Unichain surpasses Ethereum as top chain for Uniswap v4 by transaction volume
The Block
Unichain surpasses Ethereum as top chain for Uniswap v4 by transaction volume
Unichain, Uniswap's native Layer 2 blockchain, has become the dominant chain for Uniswap v4, surpassing Ethereum in transaction volume.
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Bitcoin miner Hut 8 posts $134 million net loss in Q1 as company invests in new strategy
The Block
Bitcoin miner Hut 8 posts $134 million net loss in Q1 as company invests in new strategy
The firm said results reflect a "deliberate and necessary" phase of investment for further advancements.
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German authorities seize $38 million worth of crypto from eXch exchange
The Block
German authorities seize $38 million worth of crypto from eXch exchange
German prosecutors said eXch explicitly advertised its lack of anti-money laundering measures on platforms of 'criminal underground economy.'
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Florida-based Wellgistics to adopt XRP for payments and treasury reserve with $50 million credit facility
The Block
Florida-based Wellgistics to adopt XRP for payments and treasury reserve with $50 million credit facility
Wellgistics Health, Inc is tapping XRP as a treasury asset and payment rail to sidestep lethargic banking transfers and high fees.
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‘A tremendous disservice’: SEC Commissioner Crenshaw blasts agency’s settlement with Ripple in public dissent
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'A tremendous disservice': SEC Commissioner Crenshaw blasts agency's settlement with Ripple in public dissent
The SEC filed the agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen with the district court on Thursday.
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Man sentenced to 30 years for funding ISIS with cryptocurrency
The Block
Man sentenced to 30 years for funding ISIS with cryptocurrency
A Virginia man will spend 364 months behind bars for sending $185,000 in crypto to ISIS agents.
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US Treasury Secretary Bessent lambasts Senate for blocking stablecoin bill, calls it ‘missed opportunity’ for American leadership
The Block
US Treasury Secretary Bessent lambasts Senate for blocking stablecoin bill, calls it ‘missed opportunity’ for American leadership
U.S. senators voted Thursday to halt progress on a stablecoin regulation bill amid tensions over President Donald Trump's crypto involvement.
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Doodles launches its native token DOOD on Solana
The Block
Doodles launches its native token DOOD on Solana
Exchanges to support the token include Bybit, Binance Alpha, Gate, KuCoin and MEXC, with more platforms to come.
The Block News Feed
ETH and Bitcoin’s price surge wipes out nearly $900 million in crypto shorts as momentum builds
The Block
ETH and Bitcoin's price surge wipes out nearly $900 million in crypto shorts as momentum builds
Bitcon and ETH propelled crypto markets to almost $3.4 trillion for the first time since February after macro news and Pectra's upgrade fueled optimism.
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Zerebro’s Jeffy Yu allegedly found alive at parents’ house after apparent staged death sparked $100 million memecoin surge: report
The Block
Zerebro's Jeffy Yu allegedly found alive at parents' house after apparent staged death sparked $100 million memecoin surge: report
Zerebro co-founder Jeffy Yu was reportedly found alive at his parents' house following an apparently staged suicide livestreamed on Pump.fun.
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Coinbase unveils 24/7 Bitcoin and Ethereum futures trading one day after announcing landmark Deribit acquisition
The Block
Coinbase unveils 24/7 Bitcoin and Ethereum futures trading one day after announcing landmark Deribit acquisition
Coinbase Derivatives will provides round-the-clock futures contracts trading for retail and institutional investors.