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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Friday! Bitcoin is still trading above $100,000 after a bruising week of downside volatility, now buoyed by renewed institutional inflows and signs of whale accumulation that, analyst…
Trump Media and Technology Group (ticker DJT), the Nasdaq and NYSE Texas-listed media conglomerate backed by the president of the United States, reported a $54.8 million net loss in the third quarter, according to financial results published on Friday. This represents Trump Media’s third consecutive…
ARK Invest CEO Cathie Wood said Thursday that stablecoins have overtaken part of the role her firm once expected bitcoin to play, trimming roughly $300,000 from her prior long-term bull case for the cryptocurrency.Speaking with CNBC "Squawk Box" hosts Andrew Ross Sorkin and Joe Kernen, Wood said sta…
New cross-chain trading app Fomo said on Thursday it raised $17 million in a Series A round led by Benchmark."While crypto infrastructure has consistently improved, user experience has remained an afterthought. This has led to fragmentation—incompatible chains, wallets, liquidity, and users scattere…
The Central Bank of Ireland has fined Coinbase Europe Limited, part of the Coinbase Group, €21,464,734 ($24.7 million) for breaching its anti-money laundering and counter-terrorist financing transaction monitoring obligations between April 2021 and March 2025.As a virtual asset service provider (VAS…
USDX, a synthetic stablecoin issued by Stable Labs, suffered a major depeg on Thursday. The token, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns about possible knock-on effects in protocols where it’s integrated. Already, Lista DAO, an onchain len…
Robinhood Markets (ticker HOOD) reported another strong quarter of crypto trading volume, not to mention beating top and bottom-line estimates. Overall, third-quarter trading revenue jumped 129% year over year, which the company said was primarily driven by cryptocurrency revenue.Given the rise of d…
As prediction markets continue to hit the mainstream, the leading platforms just announced a major partnership.Google said prediction markets data from both Polymarket and Kalshi will roll out over the coming weeks, starting with Labs users, "so you can ask questions about future market events and h…
The Bank of England is on track to unveil its regulatory regime for stablecoins to keep pace with the U.S., according to Bloomberg.Bank of England Deputy Governor Sarah Breeden dismissed concerns that Britain is lagging behind the U.S. in setting up stablecoin oversight, saying that new stablecoin r…
Crypto exchange Coinbase Global has urged the U.S. Treasury Department to keep its forthcoming rules for the GENIUS Act tightly aligned with congressional intent.In a detailed response to the Treasury, Coinbase noted that Treasury should avoid imposing requirements beyond what the statute explicitly…
Democratic socialist Zohran Mamdani secured a win in the race for New York City mayor against long-time Democrat and former New York Governor Andrew Cuomo. Mamdani led in the polls 50.6% to Cuomo's 41.2 % with Republican candidate Curtis Sliwa further behind, according to the Associated Press. Last …
Gemini, the crypto exchange founded by the Winklevoss twins, is planning to launch prediction market contracts, Bloomberg reported Tuesday.Citing anonymous sources familiar with the plans, the report said Gemini discussed launching the products as soon as possible. In May, Gemini filed an applicatio…