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The Block News Feed
Tether’s potential $20 billion funding round could draw SoftBank, Ark as backers: Bloomberg
The Block
Tether's potential $20 billion funding round could draw SoftBank, Ark as backers: Bloomberg
Tether is in talks with investors to raise as much as $20 billion at around a $500 billion valuation, Bloomberg reported this week.
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A new chapter: SEC Commissioner Peirce urges quick progress as crypto regulation softens
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Kraken mulls potential investor at $20 billion valuation ahead of planned IPO: Bloomberg
The Block
Kraken mulls potential investor at $20 billion valuation ahead of planned IPO: Bloomberg
A strategic investor is talking to Kraken about investing $200 million to $300 million at a $20 billion valuation.
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Analysts say Solana ETFs could be weeks away following flurry of amended filings
The Block
Analysts say Solana ETFs could be weeks away following flurry of amended filings
Asset managers have amended their spot Solana ETF filings to incorporate staking rewards, with analysts saying the funds could launch within weeks.
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Bitcoin miner TeraWulf seeks $3 billion in debt to finance new data center capacity
The Block
Bitcoin miner TeraWulf seeks $3 billion in debt to finance new data center capacity
Google has taken a stake in TeraWulf, along with rival mining firm Cipher, as it backstops the firms' debt obligations.
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Spot Ethereum ETFs see largest outflow week since inception, as ETH reclaims $4,000
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Jump’s Firedancer team proposes uncapping Solana blocks after Alpenglow upgrade
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Hyperliquid-based Hyperdrive loses $782,000 after smart contract exploit
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Pro-crypto NYC Mayor Eric Adams drops out of reelection race, citing finance woes
The Block
Pro-crypto NYC Mayor Eric Adams drops out of reelection race, citing finance woes
Adams declined to endorse any of his three opponents, Zohran Mamdani, Andrew Cuomo, and Curtis Sliwa.
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Hyperliquid unveils 4,600 Hypurr NFTs, floor price surges past $60,000
The Block
Hyperliquid unveils 4,600 Hypurr NFTs, floor price surges past $60,000
The collection has seen around $45 million worth of trade volume, with the NFT floor price currently set near $68,900.
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Aster climbs to first spot for daily fees among perpetual DEXs
The Block
Aster climbs to first spot for daily fees and volume among perpetual DEXs
Aster started gaining significant traction after its token launch and subsequent endorsement from Binance co-founder Changpeng Zhao.
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Bitcoin wallet holding $44 million moves funds after 12 years
The Block
Bitcoin wallet holding $44 million moves funds after 12 years
Multiple Satoshi-era wallets have woken up from decade-long dormancies in recent months as the crypto market rallied to new highs this year.
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Swift to work with Consensys on blockchain prototype for cross-border payments
The Block
Swift to work with Consensys on blockchain prototype for cross-border payments
Swift is planning to integrate a blockchain-based ledger into its infrastructure stack, with an initial focus on cross-border transactions.
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‘Always be stacking’: Strategy picks up another 196 bitcoin for $22 million, bringing total holdings to 640,031 BTC
The Block
'Always be stacking': Strategy picks up another 196 bitcoin for $22 million, bringing total holdings to 640,031 BTC
Strategy's holdings account for more than 3% of the total 21 million bitcoin supply — worth around $72 billion.
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FalconX rolls out 24/7 OTC crypto options trading with BTC, ETH, SOL and HYPE at launch
The Block
FalconX rolls out 24/7 OTC crypto options trading with BTC, ETH, SOL and HYPE at launch
The platform aims to solve fragmented OTC crypto options markets, allowing institutional investors to execute strategies 24/7.
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Macro data dents sentiment as crypto investment products see $812 million in weekly outflows: CoinShares
The Block
Macro data dents sentiment as crypto investment products see $812 million in weekly outflows: CoinShares
Stronger than anticipated macro data hit sentiment in the U.S., CoinShares Head of Research James Butterfill noted.
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BitMine’s Ethereum treasury reaches 2.65 million ETH, cementing place as top corporate holder
The Block
BitMine's Ethereum treasury reaches 2.65 million ETH, cementing place as top corporate holder
BitMine's crypto and cash holdings have crossed the $11.6 billion mark, and the company owns more than 2% of Ethereum's circulating supply.
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Binance offers turn-key ‘crypto-as-a-service’ solution for trad institutions looking to offer trading, custody, compliance services
The Block
Binance offers turn-key 'crypto-as-a-service' solution for trad institutions looking to offer trading, custody, compliance services
Crypto-as-a-Service taps the exchange's backend for bespoke spot and futures trading, liquidity, and settlement features.
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Andre Cronje’s Flying Tulip raises $200 million at $1 billion token valuation
The Block
Andre Cronje's Flying Tulip raises $200 million at $1 billion token valuation
All investors in both private and public rounds will get an “onchain redemption right” to redeem up to their original principal at any time.
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The Daily: Dormant bitcoin whale wakes up after 12-year slumber to 830x gains, Andre Cronje’s Flying Tulip raises $200M, and more
The Block
The Daily: Dormant bitcoin whale wakes up after 12-year slumber to 830x gains, Andre Cronje's Flying Tulip raises $200M, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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Chainlink’s AI-powered communications tool shows promise at streamlining corporate actions, data sharing globally
The Block
Chainlink's AI-powered communications tool shows promise at streamlining corporate actions, data sharing globally
Chainlink “orchestrated the validation of multiple AI model outputs” that was transmitted to Swift using an ISO 20022-compliant messaging format.
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