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CME Group and FanDuel announced today that they will launch a prediction markets platform in the U.S. in December through the new standalone app, FanDuel Predicts.According to a press release, the upcoming prediction markets platform plans to offer sports event contracts, accessible for users who li…
Decentralized perpetuals exchange Hyperliquid said it had paused deposits and withdrawals on Wednesday amid speculation that a trader tried to manipulate the price of the POPCAT memecoin.A screenshot from the Hyperliquid platform showed that deposits and withdrawals were paused for maintenance aroun…
Crypto startup Seismic has closed a $10 million funding round led by a16z crypto, joined by investors including Polychain, Amber Group, TrueBridge Capital, dao5, and LayerZero Labs.The latest raise brings total funding to $17 million following the company’s initial $7 million March seed round, which…
Bitcoin, Ethereum and major cryptocurrencies fell Wednesday morning as investor profit-taking accelerated amid growing uncertainty over a potential December rate cut.According to The Block's bitcoin price page, the world's largest cryptocurrency fell 3% in the past 24 hours to trade at $103,222. Eth…
VCI Global, a Malaysia-based technology consulting services firm, plans to acquire $100 million worth of OOB tokens, the utility token of Tether-backed crypto payment firm Oobit.Under the deal structure, VCI Global acquired $50 million worth of OOB tokens through restricted share issuance to the OOB…
Polymarket is partnering with another major U.S. platform that allows customers to wager on sports.The prediction markets platform said Tuesday it had struck a partnership with the fantasy sports app PrizePicks. Unlike traditional betting platforms, PrizePicks is mainly focused on fantasy play, wher…
Bitcoin miner Bitdeer Technologies Group (ticker BTDR) reported major increases across both revenue and gross profit for the third quarter of this year.The company reported total revenue of $169.7 million compared to $62.0 million a year ago, translating into a 173.6% increase year-over-year, Bitdee…
Nasdaq-listed Greenidge Generation Holdings (ticker GREE) shares jumped more than 30% at Monday’s open, according to The Block's price page, after the company announced an agreement with the New York State Department of Environmental Conservation, securing renewal of its air-emissions permit for its…
Episode 45 of The Crypto Beat was recorded with The Block's Co-Hosts Kelvin Sparks and Tim Copeland, who were joined by Theo co-founder TK Kwon and Felix Protocol co-founder Charlie.Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch, or wherever you listen to podcasts.…
Crypto exchange Coinbase has launched a new public token sales platform that will allow retail investors, including those in the U.S., to participate in token sales for the first time since the 2018 regulatory clampdown. The first project to debut on the platform will be Monad, whose MON token sale …
BitMine Immersion Technologies, the world's second-largest crypto treasury, said its Ethereum holdings climbed to 2.9% of the total ETH supply after its most recent purchases."We acquired 110,288 ETH tokens over the past week, 34% more ETH acquired compared to the week prior," BitMine Chairman Thoma…
Australia-based Propanc Biopharma, which trades under the Nasdaq ticker PPCB, said Monday it secured up to $100 million in financing from Hexstone Capital, a family office active in bitcoin, ether, solana, dogecoin, and other digital assets.The private-placement deal, structured through convertible …