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Crypto investment products issued by managers like BlackRock, Grayscale, and Fidelity have posted their largest weekly outflows since February, with $2 billion exiting global ETPs amid monetary policy uncertainty and selling pressure from large crypto-native holders, according to CoinShares.The with…
The largest tokenized Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), is extending onto BNB Chain as the world’s largest asset manager and the world’s largest crypto exchange partner.As of Friday, BUIDL, representing over $2.5 billion in invested capital, can also be u…
An Oklahoma man was sentenced to five years in prison after being found to have led a $9.4 million cryptocurrency investment fraud scheme. Travis Ford, 36, who was the CEO, co-founder, and top trader of Wolf Capital Crypto Trading LLC, was sentenced on Friday. He was also ordered to pay $1 million i…
Strategy Chairman Michael Saylor was as defiant as ever on Friday, dismissing claims his company sold some of its bitcoin holdings.In a post from the popular X user known as Walter Bloomberg, Arkham data reportedly showed that Strategy reduced its bitcoin holdings from 484,000 BTC to approximately 4…
Bitcoin mining firm CleanSpark has completed an upsized $1.15 billion offering of zero-coupon convertible senior notes to expand its operations. The Nasdaq-listed firm announced Thursday that the convertible notes due 2032 were sold to institutional buyers in a private offering. After deducting fees…
A key organization behind the soon-to-launch DerivaDEX claims to be the first DAO to receive a license from the Bermuda Monetary Authority — clearing the way for the decentralized trading platform to operate under an emerging governance framework, DEX Labs CEO Aditya Palepu told The Block. "The BMA …
R25, a stablecoin and real-world asset (RWA) protocol incubated by Ant Financial, has launched its onchain platform with Polygon as its first blockchain partner, introducing a new class of yield-bearing stablecoins backed by traditional financial instruments.The debut product, rcUSD+, is designed to…
Dogecoin treasury CleanCore Solutions has managed to keep growing its holdings of DOGE, and yet its stock has slid to its lowest level all year.In its fiscal first-quarter earnings report, for the period ending on Sept. 30, CleanCore reiterated its long-term objective of acquiring 5% of Dogecoin's c…
Bitcoin's price dropped below the psychologically important threshold of $100,000 for the third time this month on Thursday as total crypto liquidations reached $463 million in the past 24 hours.The cryptocurrency was changing hands at $98,841.86 as of 1:34 p.m. ET, hours after The Block published a…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! Bitcoin has fallen below the key $100,000 psychological level, but analysts argue whales are buying the dip — scooping up more than 45,000 BTC this week as leverage resets a…
Given Circle's strong third-quarter earnings and the issuer of USDC stablecoin's success in forging significant partnerships, JPMorgan analysts upgraded the company's shares to "overweight" in a research note on Thursday.In the note, JPMorgan analysts issued a new stock price target for Circle of $1…
Decentralized prediction market platform Polymarket has quietly relaunched in the U.S. in beta mode, according to a report from Bloomberg.Polymarket Founder Shayne Coplan reportedly said at Cantor Fitzgerald's crypto conference that the U.S. platform is "live and operational," allowing select users …