IREN, a Nasdaq-listed company focused on bitcoin mining and AI, announced plans to raise $450 million through a private offering of convertible senior notes to qualified institutional investors.The company may also offer an additional $50 million to
Senate Majority Leader John Thune has set the stage for a key procedural vote Wednesday on the GENIUS Act, a landmark piece of legislation aimed at regulating stablecoins, Bloomberg reported.Thune filed cloture on Monday on the underlying bill — the
Iurii Gugnin, a 38-year-old New York resident and Russian national, was arrested and arraigned in New York on Monday on charges related to wire fraud, bank fraud, and money laundering, among other alleged crimes, according to an 22-count indictment f
It appears that the President of Paraguay's X account has been compromised to post a scam Bitcoin harvesting scheme, according to a suspicious message on Monday. Minutes after the post went live, Reuters reported that President Santiago Peña’s accoun
U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtabl
Fresh off a trip to Las Vegas, where Uphold and CEO Simon McLoughlin promoted initiatives aimed at wooing U.S. consumers who fancy XRP, the company is now exploring an initial public offering. McLoughlin told The Block that Uphold's board has "appoin
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.I hope you had a good weekend, folks. Bitcoin is back above the $105,000 level, but analysts warn the market remains on a "fragile" footing
Bitcoin price has shown recovery over the weekend after U.S. President Donald Trump and Elon Musk's public fallout caused the cryptocurrency to briefly plummet near $100,500.The world's largest cryptocurrency appears to have stabilized, holding stead
Botanix Labs, the protocol research team behind the Bitcoin scaling layer Botanix, has transitioned into a federated model and announced the addition of 16 independent node operators, including heavy-hitters like Antpool, Fireblocks, Galaxy, Hashkey
The US Senate confirmed Federal Reserve Governor Michelle Bowman to serve as vice chair for supervision at the central bank — a move that Sen. Cynthia Lummis said "signals a brighter future for digital assets."Bowman, who received President Trump's n
Venture capital firm Paradigm led a $5.2 million seed round in the crypto credit startup 3Jane, which has also emerged from stealth, the companies said Wednesday.3Jane aims to bring the world of unsecured credit to digital assets.The company calls it
Director of the U.S. National Economic Council Kevin Hassett disclosed his stake in Coinbase Global Inc. worth at least $1 million, Bloomberg reported Tuesday.Hassett's Coinbase holdings, listed as vested stock, are reportedly valued at up to $5 mill
Shares of Classover Holdings Inc., a Nasdaq-listed educational technology company, jumped 39.85% on Monday after it announced plans to raise up to $500 million to build a SOL-based corporate treasury. SOL is the native token of the Solana blockchain.
Crypto firms kept busy in May with a steady stream of exec hires, largely in legal, comms, partnerships, and business development. These are the types of hires that lay the groundwork for growth — operational muscle to support the next cycle. Big nam
Japan's Metaplanet announced today it purchased an additional 1,088 BTC, bringing its total holdings to 8,888 BTC ($930 million).The latest purchase cost Metaplanet 16.885 billion Japanese yen ($117.5 million), buying bitcoin at its per token price o
REX Shares and Osprey Funds plan to offer so-called "staking ETFs" that provide holders with token rewards while also tracking the underlying Ethereum and Solana assets, according to a U.S. Securities and Exchange Commission filing on Friday.Accordin
Bitcoin and the broader crypto market remained downbeat on Friday despite April’s Core Personal Consumption Expenditures index — the U.S. Federal Reserve’s preferred inflation gauge — matching analyst expectations and signaling the slowest yearly inc
Hyperliquid trader James Wynn experienced a liquidation of 1,044.63 BTC on the platform following bitcoin's price dip, resulting in a loss worth around $110 million over the past week.As a self-proclaimed "high-risk leverage trader," Wynn gained sign
The U.S. Securities and Exchange Commission's Division of Corporation Finance announced Thursday that certain blockchain staking activities do not involve the offering of securities."Accordingly, it is the Division's view that participants in Protoco
Business-to-business payments represent the fastest-growing segment of stablecoin flows, according to a new survey by analytics firm Artemis co-authored by investment firms Castle Island and Dragonfly Ventures. The finding marks a major shift for the