MicroStrategy sees strong demand for preferred stock plan, raises $563.4 million to fuel more bitcoin purchases - The Block, bitcoin, block, Crypto, strk, 2024

MicroStrategy sees strong demand for preferred stock plan, raises $563.4 million to fuel more bitcoin purchases

Business intelligence company MicroStrategy announced the pricing of its Jan. 30 offering by selling 7.3 million shares of 8% Series A perpetual strike preferred stock, also known as STRK, at a public offering price of $80 per share. That's nearly th

Arkansas Senate rejects bill to ban crypto mining near military facilities: report - The Block, 2024, crypto, block, six, Crypto, donald trump

Arkansas Senate rejects bill to ban crypto mining near military facilities: report

The Arkansas Senate’s City, County and Local Affairs Committee voted against a bill that set out to prohibit crypto mining businesses from being established within 30 miles of military facilities, according to a report by The Arkansas Democrat-Gazett

Ross Ulbricht-linked crypto wallets appear to shed $12 million in value on Raydium: Arkham - The Block, crypto, donald trump, block, 2024, raydium, arkham, Crypto

Ross Ulbricht-linked crypto wallets appear to shed $12 million in value on Raydium: Arkham

Correction (Jan. 30, 20:45 UTC): The events below took place on Raydium, not Pump.fun, though it involved a coin created on Pump.fun. Crypto wallets linked to the recently pardoned Silk Road creator Ross Ulbricht appear to have shed $12 million in va

The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more - The Block, pce, bitcoin, cheng, crypto, 2024, eth, trump, 1inch, bank, celo, ethereum, arkham, solana, Crypto

The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! What a difference a day makes, with bitcoin prices rebounding following the Fed's decision to hold rates steady and Chair P

‘Inevitable collapse’: Trump’s crypto push sparks concern at Paul Singer’s Elliott Management: FT - The Block, bitcoin, zero, crypto, donald trump, block, 2024, trump, Crypto

‘Inevitable collapse’: Trump’s crypto push sparks concern at Paul Singer’s Elliott Management: FT

Hedge fund Elliott Management says the "inevitable collapse" of the crypto bubble "could wreak havoc in ways we cannot yet anticipate," according to an investor letter seen by Financial Times.The hedge fund led by Paul Singer said "crypto is ground z

NYSE Arca moves to convert Grayscale’s XRP trust as firms push for SEC signoff - The Block, bitcoin, crypto, donald trump, litecoin, sec, 2024, second, xrp, ethereum, solana, Crypto

NYSE Arca moves to convert Grayscale’s XRP trust as firms push for SEC signoff

A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.NYSE Arca posted a 19b-4 filing to convert that trust and said Coinbase Custody Trust Company, LLC would be the cust

Sam Bankman-Fried’s parents seek Trump pardon for their son: report - The Block, crypto, donald trump, block, 2024, trump, sam, Crypto

Sam Bankman-Fried’s parents seek Trump pardon for their son: report

The parents of Sam Bankman-Fried are looking to get their son a pardon from President Donald Trump, but it's not certain whether they've reached out to the White House yet, reports Bloomberg, citing a person familiar with the matter. Joseph Bankman a

ECB president Christine Lagarde ‘confident’ bitcoin will not enter EU central bank reserves - The Block, 2024, bitcoin, block, Crypto

ECB president Christine Lagarde ‘confident’ bitcoin will not enter EU central bank reserves

European Central Bank (ECB) president Christine Lagarde said bitcoin is not an option for the eurozone’s central bank reserves, citing concerns over liquidity, security and regulatory scrutiny.Speaking at the official press conference following the E

MicroStrategy is on ‘accelerated track to exceed capital raise targets’ and buy more bitcoin, Mizuho says - The Block, 2024, donald trump, bitcoin, block, mstr, Crypto

MicroStrategy is on ‘accelerated track to exceed capital raise targets’ and buy more bitcoin, Mizuho says

Business intelligence company MicroStrategy is the largest corporate holder of bitcoin, which has led to a 570% surge in MSTR's share price over the past year. Mizuho Securities believes the price of bitcoin has room to run another 30% in the next th

‘I like profitability’: Czech central bank chief proposes allocating up to 5% of reserves to bitcoin: FT - The Block, bank, bitcoin, 2024, Crypto, zero, trump

‘I like profitability’: Czech central bank chief proposes allocating up to 5% of reserves to bitcoin: FT

Czech National Bank Governor Aleš Michl is set to submit a plan to allocate as much as 5% of its €140 billion ($146 billion) of reserves to bitcoin, according to The Financial Times.Michl told the FT he will present the bitcoin investment plan to the

Paradigm commits $1.25 million to aid Tornado Cash co-founder in continued legal battle - The Block, Crypto, 2024, ethereum, tornado cash, crypto, donald trump, trump, cash, storm

Paradigm commits $1.25 million to aid Tornado Cash co-founder in continued legal battle

Paradigm co-founder Matt Huang announced that the crypto venture capital firm will donate $1.25 million to support Tornado Cash developer Roman Storm in his legal defense against U.S. prosecution.“The prosecution’s case threatens to hold software dev

AI agent platform ai16z officially rebrands to ElizaOS - The Block, Crypto, 2024, ai, dao

AI agent platform ai16z officially rebrands to ElizaOS

Ai16z, an open-source platform for building and managing AI agents, has undergone a rebranding to ElizaOS.Shaw Walters, the project's founder, said on X that moving to ElizaOS would further enhance its collaboration with “established players.”The pro

Arizona passes initial step towards the state being able to invest in crypto - The Block, Crypto, bitcoin, state, crypto, sb, 2024

Arizona passes initial step towards the state being able to invest in crypto

Arizona's Senate Finance Committee greenlit the initial step towards the state being able to invest in crypto.The committee proposed a strategic bitcoin reserve bill that suggested the state's public funds invest in bitcoin and other cryptocurrencies

‘Crypto is back’: Various investor groups see a need to ramp up amid US political shift, Bernstein says - The Block, ai, Crypto, trump, bitcoin, crypto, 2024, riot

‘Crypto is back’: Various investor groups see a need to ramp up amid US political shift, Bernstein says

Following recent discussions with a diversified range of investors across the United States, analysts at research and brokerage firm Bernstein said several groups recognized that “crypto is back” and saw a need to ramp up their market activity.Invest

OpenSea releases points system for ‘OS2’ platform, gives priority access to Gemesis NFT holders - The Block, block, Crypto, xp, blur, nft, points, ethereum, 2024, gem

OpenSea releases points system for ‘OS2’ platform, gives priority access to Gemesis NFT holders

OpenSea has rolled out its OpenSea 2.0 (OS2) platform, featuring a redesigned user interface and a new experience points (XP) system.This is a private beta release, with OpenSea granting free priority access to holders of its Gemesis NFTs. Other inte

US Senate confirms pro-crypto Scott Bessent as new Treasury secretary - The Block, Crypto, crypto, senate, 2024, trump

US Senate confirms pro-crypto Scott Bessent as new Treasury secretary

The U.S. Senate has confirmed pro-crypto Scott Bessent as the new Treasury secretary, who will succeed Janet Yellen. The confirmation was made in a Senate vote on Monday, where 68 voted for Bessent against 29. Last November, Trump nominated the billi

AI-focused bitcoin miners Core Scientific, Cipher Mining hit hardest in crypto stock sell-off - The Block, hpc, 2024, block, Crypto, crypto, mstr, ai, bitcoin

AI-focused bitcoin miners Core Scientific, Cipher Mining hit hardest in crypto stock sell-off

Bitcoin miners and other cryptocurrency-related stocks are trading significantly lower in Monday's trading session. The sell-off was led by the Nasdaq, which was down more than 3.4% in midday trading after China-based DeepSeek released an artificial

Nasdaq files to change BlackRock’s Bitcoin ETF to allow for in-kind redemptions - The Block, sec, Crypto, bitcoin, 2024

Nasdaq files to change BlackRock’s Bitcoin ETF to allow for in-kind redemptions

Nasdaq, on behalf of BlackRock, is pursuing a potential change to the asset management firm's spot Bitcoin exchange-traded fund to allow for in-kind redemptions instead of cash.Nasdaq filed an amended rule filing on Friday that would allow for redemp

ECB pushes for digital euro in response to Trump’s crypto executive order that could further ‘disintermediate banks’ - The Block, order, 2024, donald trump, trump, Crypto

ECB pushes for digital euro in response to Trump’s crypto executive order that could further ‘disintermediate banks’

Eurozone banks need a digital euro to counter United States President Donald Trump's efforts to promote worldwide U.S.-backed stablecoins, according to European Central Bank (ECB) board member Piero Cipollone. Speaking at a policy meeting in Frankfur

Members of Congress and Crypto Czar split on whether Trump’s memecoin poses a conflict of interest - The Block, ai, crypto, block, donald trump, trump, solana, Crypto, 2024

Members of Congress and Crypto Czar split on whether Trump’s memecoin poses a conflict of interest

David Sacks, the first-ever AI and Crypto Czar for the White House, claimed that Trump's memecoin acts as a collectible, much like a baseball card or stamp. Donald Trump and first lady Melania Trump launched memecoins respectively called TRUMP and ME