The Block
@TheBlock__
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The first and final word in digital assets | Take the CryptoIQ test today: https://t.co/fsPPxyJ3wD
New York, NY
Joined February 2018
Elixir sunsets deUSD synthetic stablecoin following Stream Finance unwinding, aims for full redemptions
theblock.co
Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances for future USDC redemptions.
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Robot Ventures leads $5.2 million seed round for Sprinter, a 'solving-as-a-service' startup founded by Ethereum OGs
theblock.co
Sprinter is a crosschain “solving-as-a-service” infrastructure startup that provides access to collateral-free credit.
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The Daily: Google to integrate Polymarket and Kalshi data in search results, JPMorgan sees bitcoin reaching $170,000, 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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Samourai Wallet's Keonne Rodriguez sentenced to maximum five-year term over crypto mixing service
theblock.co
Samourai Wallet co-founder Keonne Rodriguez was sentenced to five years in prison and ordered to pay a quarter-million dollar fine on Thursday.
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Google to roll out Polymarket and Kalshi prediction markets data in search results
theblock.co
Google said prediction markets data from leading platforms Polymarket and Kalshi will roll out over the coming weeks.
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Robinhood cautious on adopting corporate bitcoin treasury: 'Is it the best use of our capital?'
theblock.co
Robinhood’s crypto revenue rose 300% to $268 million in the third quarter, helping drive higher overall revenues of $1.27 billion.
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Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation
theblock.co
USDX, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns of potential defaults.
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JPMorgan predicting bitcoin at $170k in next 6-12mo, says perp deleveraging is behind us and that's it undervalued vs gold historically, which implies "significant upside next 6-12mo"
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Central Bank of Ireland fines Coinbase Europe $25 million for breaching anti-money laundering monitoring obligations
theblock.co
The bank said more than 30 million transactions were not properly monitored, which led to 2,708 late suspicious transaction reports.
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Cross-chain trading app Fomo raises $17 million in round led by Benchmark
theblock.co
Fomo said with its app users can maintain one balance across multiple chains and don't have to worry about bridges or gas fees.
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Cathie Wood trims bitcoin bull case by $300,000 as stablecoins ‘usurp’ part of its key use case
theblock.co
Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside.
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LIVE NOW: Unpacking the Clarity Act - The Crypto Beat Policy Special https://t.co/3UvFkNS5eC
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EXCLUSIVE: JPMorgan sees bitcoin price reaching about $170,000 within the next 6 to 12 months
theblock.co
Bitcoin could climb to around $170,000 over the next 6–12 months based on its volatility-adjusted comparison to gold, according to JPMorgan.
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Arx Research raises $6.1 million seed round to launch 'Burner Terminal' stablecoin and fiat point-of-sale device
theblock.co
The seed round was led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx.
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Solana, Fireblocks, Monad and more ally to standardize cross-chain payments
theblock.co
In recent months, payments appears to have become a large focus among many key players in the world of crypto.
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“Breaking cryptography is like finding a needle in a haystack and a quantum computer is a magnet” 🧲 @StarkWareLtd CEO & @Zcash Co-founder @EliBenSasson explains how quantum technology could soon tear through today’s cryptographic defenses 🛡️ Full Episode:
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A share of $20,000 in USDC is on the line. Do you have what it takes to unseat some of crypto’s biggest brains and win? Tomorrow at 5pm EST, Crypto IQ closes in preparation for the finals. If you’re in the top 16 by then, then you’re in. Last chance ;) Link in replies.
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Prediction markets are evolving into broader information trading venues: Bernstein
theblock.co
Kalshi anchor partner Robinhood processed $2.5 billion in prediction-market volume in October — implying a $300 million annualized run rate.
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Balancer identifies rounding error as root cause of multi-chain DeFi exploit
theblock.co
Balancer’s preliminary report says a rounding flaw in swap logic caused the recent exploit, with recovery efforts underway across affected chains and forks.
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Coinbase urges Treasury to keep GENIUS Act rules aligned with congressional intent
theblock.co
The crypto exchange said the Treasury should ensure that non-financial software is not captured by its requirements.
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