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The Block News Feed
The Daily: El Salvador’s bitcoin stash hits fresh peak as BTC whipsaws near all-time highs, Strategy faces class action lawsuit, and more
The Block
The Daily: El Salvador's bitcoin stash hits fresh peak as BTC whipsaws near all-time highs, Strategy faces class action lawsuit…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Block News Feed
Circle courting acquisition bids from Coinbase and Ripple, asks for at least $5 billion: Fortune
The Block
Circle courting acquisition bids from Coinbase and Ripple, asks for at least $5 billion: Fortune
The alleged sales talks are happening while the San Fransisco-based startup still pursues a public listing.
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Democrat Warner backs stablecoin bill ahead of key Senate vote
The Block
Democrat Warner backs stablecoin bill ahead of key Senate vote
U.S. Senators are gearing up to vote on whether or not to move forward with landmark stablecoin legislation later today.
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Aave TVL surges to $30 billion, signaling renewed strength in Ethereum DeFi
The Block
Aave TVL surges to $30 billion, signaling renewed strength in Ethereum DeFi
The resurgence in Aave coincides with improved conditions for Ethereum, which has created a positive feedback loop for DeFi protocols built on the network.
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DOJ launches investigation into Coinbase cyberattack: Bloomberg
The Block
DOJ launches investigation into Coinbase cyberattack: Bloomberg
The attackers did not access any customer funds, private keys, or login systems, and the breach affected less than 1% of Coinbase users.
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Solana Labs spinout Anza proposes Alpenglow, ‘the biggest change to Solana’s core protocol’
The Block
Solana Labs spinout Anza proposes Alpenglow, 'the biggest change to Solana’s core protocol'
Votor will enable nodes to run two concurrent voting paths in parallel, theoretically boosting transaction speed and scalability.
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Jito validator tips hit $3.6 million daily as Believe ecosystem siphons activity from Pump.fun
The Block
Jito validator tips hit $3.6 million daily as Believe ecosystem siphons activity from Pump.fun
Spikes in Jito validator tips are often an indicator of heightened onchain activity on Solana, and this time has been no different.
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Senate votes to move forward on landmark stablecoin legislation
The Block
Senate votes to move forward on landmark stablecoin legislation
In a second take, U.S. senators voted on Monday night to move forward with monumental legislation to regulate stablecoins.
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Haowang Guarantee’s shutdown only a limited setback for crypto scams, Chainalysis says
The Block
Haowang Guarantee's shutdown only a limited setback for crypto scams, Chainalysis says
Chainalysis said the shutdown of illicit online marketplace Haowang Guarantee did not fundamentally impact the network of crypto scammers.
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Crypto industry cheers progress in ‘historic’ stablecoin legislation as Senate advances GENIUS Act
The Block
Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
The Senate's vote to advance the GENIUS Act is 'historic' and could help 'ensure US dollar dominance,' said senators and crypto leaders.
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Paradigm-backed Succinct to launch PROVE token as native asset for ZK prover network
The Block
Paradigm-backed Succinct to launch PROVE token as native asset for ZK prover network
Succinct will launch the PROVE token as the native asset of its Ethereum-based prover network for zero-knowledge proofs.
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Nasdaq-listed DigiAsia plans $100 million raise to buy Bitcoin
The Block
Nasdaq-listed DigiAsia plans $100 million raise to buy Bitcoin
The Indonesian fintech firm plans to raise up to $100 million in capital to buy Bitcoin as part of its treasury reserve strategy.
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Genesis files new lawsuits against DCG, Barry Silbert to recoup billions for creditors
The Block
Genesis files new lawsuits against DCG, Barry Silbert to recoup billions for creditors
Genesis Global filed two new lawsuits against DCG and its executives for 'recklessly operating' subsidiary Genesis towards bankruptcy.
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Binance asks court to toss FTX’s $1.76 billion clawback lawsuit
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Binance asks court to toss FTX’s $1.76 billion clawback lawsuit
Binance said FTX's plan to recover about $1.76 billion from the exchange tried to shift blame from Sam Bankman-Fried through on a "legally deficient" case.
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Core Scientific stock may ride CoreWeave’s wave amid progress on Texas site tied to OpenAI: Bernstein
The Block
Core Scientific stock may ride CoreWeave's wave amid progress on Texas site tied to OpenAI: Bernstein
With CoreWeave securing $15.9 billion from OpenAI and Core Scientific's related delivery pipeline, the stock should recover quickly, it said.
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Kraken expands derivatives trading to EU with Cypriot license acquisition
The Block
Kraken expands derivatives trading to EU with Cypriot license acquisition
The move marks the exchange’s latest European expansion, approximately a month and a half after launching its derivatives trading in the UK.
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Microsoft adds real-time blockchain data to Fabric through Space and Time integration
The Block
Microsoft adds real-time blockchain data to Fabric through Space and Time integration
Microsoft onboards its "first web3 data provider," Space & Time, providing developers access to Bitcoin, Ethereum and other blockchain data.
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Standard Chartered says sovereigns’ indirect bitcoin exposure via MSTR is growing, backing its $500,000 target
The Block
Standard Chartered says sovereigns' indirect bitcoin exposure via MSTR is growing, backing its $500,000 target
Government entities increased their MSTR holdings in Q1, including first-time buys by Saudi Arabia and France, Standard Chartered said.
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Binance Wallet sees $5 billion in daily swaps volume, leapfrogging rivals on early token access and airdrops: Dune data
The Block
Binance Wallet sees $5 billion in daily swaps volume, leapfrogging rivals on early token access and airdrops: Dune data
Binance Wallet outperformed competitors like Phantom and MetaMask in daily swaps amid growing interest in its "Alpha" category.
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Succinct introduces zkVM ‘SP1 Hypercube,’ claims real-time Ethereum proving
The Block
Succinct introduces zkVM ‘SP1 Hypercube,’ claims real-time Ethereum proving
Real-time proving is vital for Ethereum's roadmap, helping to scale the network without sacrificing decentralization.