The Block
@TheBlock__
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The first and final word in digital assets | Hire the best talent in crypto with our recruiting tool Campus: https://t.co/5EDYopq95g
New York, NY
Joined February 2018
1/ Crypto adoption has glaring shortfalls that can be explained by two fixable frictions. 1. Ecosystem Fragmentation.2. Radical Transparency. Our report with @midnightfdn quantifies the costs of each, and outlines a playbook that involves chain-agnostic design coupled with
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RT @XBT002: Some headlines out of @TheBlock__'s newsroom during Asia hours to start your week:. 🇯🇵 Japanese bitcoin treasury firm Metaplane….
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Sui-based Nemo Protocol exploited for $2.4 million
theblock.co
Nemo Protocol, a Sui-based DeFi and yield trading platform, was exploited for $2.4 million in stablecoins.
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RT @XBT002: Offline this weekend? Did you touch some grass? Here's what you may have missed (courtesy of weekend editor @ZackDAbrams):. Kin….
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Venus Protocol returns $11 million in crypto to phishing victim
theblock.co
According to Venus, it took the platform less than 12 hours to identify the issue, pause operations and recover the funds.
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Bukele says El Salvador purchased $2.3 million in BTC to mark bitcoin law anniversary
theblock.co
The central American nation marked the fourth anniversary of its bitcoin law with a 21 BTC purchase, worth about $2.3 million.
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Bitcoin stalls around $110,000; Fed rate cut may not spark rally, analyst says
theblock.co
Institutional profit-taking and relatively flat ETF flows are capping bitcoin's price momentum at the moment, one analyst said.
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Metaplanet buys $15 million in bitcoin, total holdings now at 20,136 BTC
theblock.co
The latest purchase raised its total holdings to 20,136 BTC, making it the sixth-largest publicly traded corporate bitcoin holder worldwide.
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RT @HadickM: Prediction markets are the the only thing in VC land near as hot as stablecoins right now.
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RT @Yogita_Khatri5: 🎉 Edition 34 of my newsletter, The Funding, is live! . Many thanks to @Mikey0x_, @HoolieG, @KyleSamani, @b_potts23, @al….
theblock.co
From Polymarket to Kalshi to new entrants like The Clearing Co., VCs are circling prediction markets. Here’s why, and what’s next.
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The Funding: Why crypto VCs are betting on prediction markets now
theblock.co
From Polymarket to Kalshi to new entrants like The Clearing Co., VCs are circling prediction markets. Here’s why, and what’s next.
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Ethereum Layer 2 Kinto shuts down in wake of $1.6 million July exploit
theblock.co
Kinto's founder pledged $55,000 of personal funds to reimburse victims of the hack in Morpho lending pools, he said in the shutdown announcement.
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Paxos, Frax, and Agora fight for Hyperliquid's USDH stablecoin contract, with more bids likely incoming
theblock.co
Hyperliquid is currently heavily reliant on USDC, with $5.5 billion worth of Circle's stablecoin held on the platform.
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Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars
theblock.co
The bill's latest draft also addresses the regulatory treatment of airdrops, protections for developers, a DePIN carve-out, and more.
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Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment
theblock.co
StablecoinX will purchase locked tokens from the Ethena Foundation, which will use the proceeds to buy back ENA on spot markets.
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RT @humanjets: 🗞️ From the Trump family-backed World Liberty Financial token unlock to Justin Sun's WLFI blacklisting, and Nasdaq tightenin….
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RT @JasonShubnell: "It is a new day at the SEC and the CFTC, and today we begin a long-awaited journey to provide markets the clarity they….
theblock.co
The agencies' priorities include 24/7 markets, event contracts, perpetual contracts, innovation exemptions, and decentralized finance.
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Polymarket hits all-time high for new markets created as platform eyes US return
theblock.co
Earlier this week, Polymarket CEO Shayne Coplan said the platform has the "green light" to enter the United States.
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SOL Strategies approved to uplist shares from OTC to the Nasdaq exchange
theblock.co
Toronto-based SOL Strategies' own treasury of 399,907 SOL is valued at approximately $84 million at current prices.
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Tether weighing large-scale gold investment surprises mining and commodities execs: FT
theblock.co
"It is the weirdest company I have ever dealt with," a commodity executive told Financial Times about Tether.
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The Daily: Justin Sun pleads innocence after WLFI blacklisting, dormant Ethereum ICO whale moves $646M in ETH, and more
theblock.co
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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