U.S. Treasury Secretary Scott Bessent said in a Wednesday Senate hearing that the U.S. dollar-backed stablecoin market has the potential to surpass $2 trillion in the next three years.Bessent's comment came as he affirmed a remark from the Senate App
Pudgy Penguins and NASCAR are off to the races.The popular and still-relevant NFT collection took to social media on Wednesday to announce the partnership, although few details were provided."We’re happy to announce that we will be partnering with NA
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! Bitcoin held firm near all-time highs this morning, with the latest U.S. CPI data coming in lower than expected amid Presi
Circle’s public debut on June 5 under the ticker CRCL marked a milestone for crypto-native firms seeking validation in traditional equity markets. The stablecoin issuer opened at $31 per share and surged 235% during its first trading session, closing
Cornell Tech researchers have debuted a use case for a cutting-edge concept that challenges a core assumption of blockchain security: that only private key holders can control digital assets. The application, called Take My Ape, uses a process known
The U.S. Senate voted 68 to 30 to move forward with legislation to regulate stablecoins setting it up for an imminent final vote. The Senate voted on Wednesday to invoke cloture on the Guiding and Establishing National Innovation for U.S. Stablecoins
U.S. crypto exchange Coinbase plans to add support for the popular memecoin Fartcoin, the DEX PancakeSwap's utility token CAKE, and the SQD token from the AI data network Subsquid, the company wrote on the social media platform X, as altcoins see bol
Péter Szilágyi, a former Ethereum Foundation researcher and lead developer of Geth, claims he turned down a $5 million offer to spin out the Ethereum core client as a private company, according to a series of posts on X this week. He also alleged the
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