Ethereum public goods funding protocol Gitcoin is shutting down its primary software development unit, Gitcoin Labs, according to an announcement on Friday. The decision was made in part because a “path to profitability” was unrealistic, Gitcoin co-f

The so-called MSTR of Solana, DeFi Development Company (ticker JNVR) has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission, according to a filing on Friday. A shelf offering, also known as a shelf registration, allows

ZK Nation, the decentralized community overseeing the ZKsync protocol, announced Wednesday that it has received stolen funds from the hack that occurred earlier this month after a 10% bounty was accepted by the attacker."The assets are now in custody

The sentencing of former Celsius CEO Alex Mashinsky is scheduled for May 8, 2025, following his guilty plea on two criminal counts late last year, according to a New York district court filing on Wednesday.In July 2023, federal prosecutors accused Ma

Gate.io has pledged full compensation to users affected by an emergency system upgrade on Wednesday involving its futures services amid "excessive traffic" issues."Due to the excessive platform traffic at 9:30 (UTC) on April 23, 2025, we had to urgen

Ethereum Layer 2 Scroll is rolling out an upgrade that promises 90% lower fees while providing better network throughput and security, according to an announcement on Wednesday. The team describes the update, dubbed Euclid, as "the most substantial p

Symbiotic, which started as a restaking protocol and is now expanding into "universal staking," has raised $29 million in a Series A funding round to scale that vision.Pantera Capital led the round, with Coinbase Ventures and over 100 angel investors

French game developer Ubisoft, the company behind both the "Assassin’s Creed" franchise and "Tom Clancy's Rainbow Six," has partnered with blockchain gaming studio Immutable to release a new mobile title based on the popular "Might and Magic" intelle

Rep. Nydia M. Velázquez, D-N.Y., introduced a bill Tuesday aimed at closing a cryptocurrency tax loophole in Puerto Rico.According to a press release issued Tuesday, the Fair Taxation of Digital Assets in Puerto Rico Act would subject income derived

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! Bitcoin is back above $90,000 for the first time since early March, prompting — perhaps again prematurely — fresh talk of cr

Fantasy.top, an onchain trading card platform built on Blast, has launched a new rewards program called Clout. The system incentivizes active cryptocurrency commentators and digital asset contributors on the social media platform X, allowing users to

A new version of the xrpl package, a JavaScript library for interacting with the XRP Ledger, appears to have been released with a security issue, according to a disclosure from the XRP Ledger Foundation on Tuesday. Charlie Eriksen, the Aikido Securit

Bitdeer Technologies Group (NASDAQ: BTDR), backed by stablecoin issuer Tether, opened a credit facility earlier this month with Matrix Finance that provides up to $200 million in financing to support the expansion of its global Bitcoin mining operati

Global crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered modest net inflows of $6 million last week, according to CoinShares data."While the week began with minor inflo

Bitcoin price crossed $87,000 for the first time in weeks as it meets growing global liquidity and renewed institutional interest amid lingering concerns over U.S. tariffs. According to The Block's bitcoin price page, the world's largest cryptocurren

A Brazilian judge has handed down a record 128-year prison sentence to the man convicted of leading the money laundering operation behind the Braiscompany cryptocurrency Ponzi scheme, which operated from June 2018 until its collapse in early 2023.Joe

Nasdaq-listed healthcare tech firm Semler Scientific (SMLR) filed a registration statement with the U.S. Securities and Exchange Commission to offer $500 million in securities to fund the purchase of bitcoin and for other purposes.The company's S-3 s

Seychelles-based cryptocurrency exchange OKX announced today that it will launch a centralized crypto trading platform and its OKX wallet in the U.S. market.With the expansion, OKX established its regional headquarters in San Jose, California, and na

Dennis Dioukarev, a long-serving Swedish MP, has asked Finance Minister Elisabeth Svantesson about a potential national bitcoin policy — a growing trend among European nations and in the United States.Under President Donald Trump, the U.S. plans to c

A draft bill dubbed the "Clean Cloud Act of 2025" introduced to the U.S. Senate by Democratic Senators Sheldon Whitehouse and John Fetterman seeks to curb emissions from crypto mining facilities and AI data centers, with the eventual goal of fining a