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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 at $82. By Friday, the stock had climbed to $107.…
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 as Liquifaction, which allows users to temporarily…
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 Act, or GENIUS for short. Cloture is a procedural…
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 bolstered investor appetite.Trading for the tokens wi…
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 foundation secretly funded a rival Geth developme…
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 initial buyers within 13 days from issuance date, …
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 Guiding and Establishing National Innovation for U…
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 from the United States Department of Justice. “The …
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 account "presented irregular activity."Peña’s initial me…
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 Roundtable, titled "DeFi and the American Spirit," Atkins h…
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 "appointed" FT Partners to explore strategic options, whi…
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 — with volatility likely to return mid-week as bo…