šŸ” Market Summary

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ā€˜BitBonds’ pitched as solution to Trump’s budget-neutral bitcoin reserve strategy

ā€˜BitBonds’ pitched as solution to Trump’s budget-neutral bitcoin reserve strategy

Bitcoin Policy Institute, a think tank dedicated to studying the future of money, on Monday proposed that the United States adopt bitcoin-enhanced Treasury Bonds, or "BitBonds," as an innovative fiscal tool to address multiple critical objectives, including the implementation of President Trump's St…

Backpack kicks off FTX EU asset recovery process for customers

Backpack kicks off FTX EU asset recovery process for customers

Backpack Exchange, which acquired FTX EU, the European arm of the bankrupt exchange run by Sam Bankman-Fried, has initiated "asset recovery" for former customers.On Tuesday, the company posted a link on X that former FTX EU customers can use to identify themselves. Former customers must complete a k…

Elon Musk says US gov has ā€˜no plans’ to use Dogecoin; price drops 3%

Elon Musk says US gov has ā€˜no plans’ to use Dogecoin; price drops 3%

The U.S. government currently has no plans to adopt Dogecoin, Elon Musk said Sunday."There are no plans for the government to use Dogecoin or anything as far as I know," Musk said during a town hall meeting hosted by the America PAC, which he created last year.Ā On stage, the Tesla CEO explained that…

Bitcoin dominance hits 58% as alt season remains elusive

Bitcoin dominance hits 58% as alt season remains elusive

Bitcoin dominance has continued its upward trajectory, currently sitting at 58.8% — a significant climb from December's low of 51% — marking the highest level since early 2021.This metric, which measures Bitcoin's market capitalization relative to the total market capitalization of all crypto assets…

Arthur Breitman on tokenizing ā€˜red hot’ Uranium market

Arthur Breitman on tokenizing ā€˜red hot’ Uranium market

Episode 512 of The Scoop was recorded with The Block's Frank Chaparro and Tezos Co-Founder Arthur Breitman.Listen below, and subscribe to The Scoop on YouTube, Apple,Ā Spotify,Ā Google Podcasts,Ā StitcherĀ or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock…

NYAG and Galaxy Digital settle LUNA lawsuit for $200 million

NYAG and Galaxy Digital settle LUNA lawsuit for $200 million

New York Attorney General Letitia James and Mike Novogratz’s Galaxy Digital have agreed to a $200 million settlement regarding alleged violations committed by the firm in promoting the collapsed cryptocurrency TerraLuna.Galaxy Digital allegedly masked its multi-million dollar exit strategy while pub…

Spot bitcoin ETFs report 10th straight day of net inflows, analyst says bitcoin demand persists

Spot bitcoin ETFs report 10th straight day of net inflows, analyst says bitcoin demand persists

Spot bitcoin exchange-traded funds in the U.S. extended their positive flow streak to 10 days on Thursday, marking the longest inflow run since December last year."This suggests that while institutions are not aggressively risk-on, there is still demand for bitcoin exposure in the market," said Min …

Streaming crypto every second with Superfluid

Streaming crypto every second with Superfluid

Episode 20 of The Crypto Beat was recorded with The Block Editor-In-Chief Tim Copeland and Superfluid Co-Founder & CEO Fran Renzi.Listen below, and subscribe to The Crypto Beat on YouTube,Ā Apple,Ā Spotify, Twitch, or wherever you listen to podcasts. Please send feedback and revision requests toĀ podca…

GameStop hits reset with Bitcoin bet, but investors aren’t all in

GameStop hits reset with Bitcoin bet, but investors aren’t all in

GameStop is making a high-stakes bet on Bitcoin, adding the cryptocurrency to its corporate treasury and issuing $1.3 billion in convertible debt to fund the move, but some investors see more risk than reward.The longtime meme stock favorite is also offering institutional investors the option to pur…

Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet

Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet

Ethereum developers activated the Pectra upgrade on the Hoodi testnet on Wednesday as part of Ethereum's methodical approach to achieving a stable mainnet deployment.The move is potentially the final planned test before it is possible to be deployed to Ethereum's mainnet in the second quarter of the…

Bitwise CIO says Trump’s Strategic Bitcoin Reserve removes ā€˜last existential risk’ as BTC becomes ā€˜best backup plan on the market’

Bitwise CIO says Trump’s Strategic Bitcoin Reserve removes ā€˜last existential risk’ as BTC becomes ā€˜best backup plan on the market’

Bitwise Chief Investment Officer Matt Hougan said that President Trump's recent signing of an executive order to establish a Strategic Bitcoin Reserve in the U.S. has removed the "last existential risk" for an asset that now represents 1.3% of the estimated $128 trillion global money supply.In a not…

Ripple opts not to cross-appeal as SEC case nears resolution

Ripple opts not to cross-appeal as SEC case nears resolution

Ripple has decided not to file a cross-appeal, signaling that its long-running legal battle with the U.S. Securities and Exchange Commission is nearing an end, the firm's chief legal officer said Wednesday.Ripple Chief Legal Officer Stuart Alderoty posted on Wednesday on X his potential "last update…