News from The Block
What is your interest today?
The Daily: BIT Mining shares surge amid $300 million SOL treasury pivot, Trump’s Truth Social teases...
BIT Mining's recent stock increase reflects a strategic $300 million investment shift involving SOL assets, while Truth Social hints at launching a new token designed to incentiviz...
Read Full Article →Senate confirms former blockchain executive Jonathan Gould to lead OCC
Jonathan Gould’s appointment to head the Office of the Comptroller of the Currency is expected to influence regulatory policies affecting the financial technology and banking secto...
Read Full Article →Bitcoin hits new all-time high above $113,000, up 96% year over year
The recent surge in bitcoin’s value reflects substantial growth over the past year, highlighting increased investor interest and potential shifts in the cryptocurrency market’s fin...
Read Full Article →Polymarket hits $1.16 billion monthly volume but active trader count continues to fall
Despite experiencing a decline in the number of active users, the platform maintained a substantial monthly transaction value exceeding one billion dollars, reflecting strong overa...
Read Full Article →Treasury Department, IRS remove controversial ‘crypto broker’ tax rule requiring non-custodial servi...
The recent repeal by financial authorities eliminates a reporting requirement for certain digital asset intermediaries, resolving ongoing debates about balancing regulatory transpa...
Read Full Article →K Wave Media brings Bitcoin treasury financing to $1 billion with latest funding deal
K Wave Media Inc. secured a substantial $500 million convertible note from Anson Funds, raising its total Bitcoin-related financing to $1 billion, reflecting significant growth in...
Read Full Article →Coinbase partners with Perplexity AI on real-time crypto data service
The collaboration between Coinbase and Perplexity AI aims to enhance access to up-to-date cryptocurrency information, potentially influencing market dynamics and investor decision-...
Read Full Article →KULR Technology spends another $10 million on bitcoin, joins 1,000-BTC club
KULR Technology has increased its bitcoin holdings by $10 million, utilizing multiple financial resources including available cash, credit lines, and equity programs to strengthen...
Read Full Article →Bhutan government moves over $23 million in BTC to Binance deposit address amid new bitcoin all-time...
The Bhutan government recently transferred more than $23 million worth of bitcoin to a Binance address, marking a notable financial activity following a prior $14.75 million deposi...
Read Full Article →Pump.fun token trades at a premium in pre-market as whales appear to hedge before ICO
Investors are adjusting their positions on Pump.fun ahead of its ICO, leading to increased trading activity and a higher token price in early markets as large holders seek to manag...
Read Full Article →Crypto miner BIT Mining pivots to Solana with plan to raise up to $300 million for SOL treasury
BIT Mining’s shift to Solana and intention to secure substantial funding highlights a growing trend among crypto miners diversifying their holdings through significant treasury inv...
Read Full Article →Snoop Dogg sells digital collectibles on Telegram for $12 million, CEO says
The transaction highlights the growing market value of digital assets linked to celebrities, demonstrating significant investment potential within emerging blockchain-based collect...
Read Full Article →Bank of Korea governor warns of ‘currency chaos’ from non-bank issuance of KRW stablecoins
The Bank of Korea governor highlighted potential risks to monetary stability and exchange rate management if entities outside traditional banking are allowed to issue South Korean...
Read Full Article →Spot bitcoin ETFs surpass $50 billion in cumulative net inflows amid institutional demand surge
The substantial influx of capital into spot bitcoin ETFs highlights growing institutional interest, marking a key milestone in the asset's integration within mainstream financial m...
Read Full Article →Chinese creditors push back against FTX’s motion to forfeit payouts in restricted jurisdictions
FTX faces substantial financial challenges as creditor claims totaling $800 million span 49 countries, with a significant portion originating from China, impacting the distribution...
Read Full Article →CZ’s YZi Labs supports 10X Capital in launch of BNB treasury company targeting IPO
The collaboration between YZi Labs and 10X Capital highlights growing interest in leveraging cryptocurrency reserves to enhance corporate balance sheets ahead of potential public o...
Read Full Article →Bitcoin continues to dominate amid altcoin slump and equity surge
Despite a general decline in alternative cryptocurrencies and a rise in stock markets, Bitcoin Cash delivered an impressive 25% return, outperforming Bitcoin’s comparatively smalle...
Read Full Article →Bitcoin sets new record, briefly breaking above $112,000 as policy outlook shifts
Bitcoin reached an unprecedented value exceeding $112,000, reflecting increased interest from major investors and signaling potential shifts in market dynamics and regulatory expec...
Read Full Article →Bitcoin ETF AUM nears $150 billion amid treasury allocations, staking products, and new filings
The total assets managed by Bitcoin-focused exchange-traded funds have approached $150 billion, highlighting ongoing investment growth driven by diversified treasury strategies and...
Read Full Article →Thumzup to add XRP, DOGE, and more to bitcoin-led corporate treasury; Trump Jr. takes stake
Thumzup Media's inclusion of additional cryptocurrencies alongside bitcoin in its corporate reserves reflects a strategic diversification, highlighted by Donald Trump Jr.'s recent...
Read Full Article →‘How the hell are we going to tackle this?’: Lawmakers flummoxed as they continue push for crypto le...
Lawmakers face challenges in establishing clear regulations for the cryptocurrency sector, considering political influences and industry complexities, as they work toward implement...
Read Full Article →SEC’s Hester Peirce: ‘Tokenized securities are still securities’ as companies ramp up efforts
The increasing activity around digital representations of traditional assets highlights regulatory concerns, as authorities emphasize that these instruments remain subject to exist...
Read Full Article →Kraken’s market share rises to 29% as new product rollouts accelerate growth
Kraken’s expanding presence in the market reflects its recent product introductions, contributing to notable growth and increased competitiveness within the industry during the cur...
Read Full Article →The Daily: Pump.fun confirms PUMP token sale plans, hacker drains over $40 million from GMX, and mor...
The recent security breach involving GMX, resulting in a loss exceeding $40 million, highlights ongoing vulnerabilities in the cryptocurrency sector amid planned token sales by eme...
Read Full Article →Monad Foundation to bring payment solution to Monad by acquiring stablecoin infrastructure developer...
The acquisition of Portal Labs by the Monad Foundation is expected to enhance Monad's payment capabilities and stablecoin offerings, potentially strengthening its position in the d...
Read Full Article →Circle taps OKX to boost USDC liquidity with direct dollar ramps for over 60 million exchange users
The collaboration between Circle and OKX aims to enhance stablecoin availability by enabling millions of users to convert U.S. dollars directly into USDC, potentially improving mar...
Read Full Article →Hacker drains $42 million from decentralized perpetual exchange GMX
A cybercriminal successfully extracted a substantial amount of digital assets from GMX's liquidity pool, causing a significant monetary loss for the decentralized trading platform.
Read Full Article →Warren unveils crypto standards, slams GOP ‘handout’ to industry
Senator Elizabeth Warren introduced new regulatory guidelines for the cryptocurrency market, highlighting concerns about previous legislative measures that she views as overly favo...
Read Full Article →Story and World partner to verify IP ownership onchain amid proliferation of AI-generated content
By incorporating identity verification technology, the collaboration enables creators to authenticate and manage the usage rights of their digital assets, potentially enhancing rev...
Read Full Article →Kraken and Backed to expand xStocks support to BNB Chain alongside Solana
The extension of xStocks trading to BNB Chain by Kraken and Backed allows investors to access tokenized U.S. stocks on a new blockchain, potentially increasing market participation...
Read Full Article →