šŸ” Market Summary

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Bitcoin Puell Multiple Plunges, But Not Inside Bottom Zone Yet

Bitcoin Puell Multiple Plunges, But Not Inside Bottom Zone Yet

On-chain data shows the Bitcoin Puell Multiple has gone through a decline recently, a sign that miner revenue has gone down relative to its baseline.Bitcoin Puell Multiple Has Dropped To 0.67In a new post on X, analyst Ali Martinez has talked about the latest trend in the Bitcoin Puell Multiple. The…

Inside Infinex: Kain Warwick on building a ā€˜superapp’ to solve crypto’s UX problems

Inside Infinex: Kain Warwick on building a ā€˜superapp’ to solve crypto’s UX problems

Episode 9 of The Big Brain Podcast, hosted by The Block President Larry Cermak and MegaETH CSO Namik Muduroglu, was recorded with Infinex founder Kain Warwick. Listen below, and subscribe to The Big Brain Podcast on YouTube,Ā Apple, Spotify, or wherever you listen to podcasts. Please send feedback a…

Upbit suffers $37 million hack on Solana assets, halts withdrawals

Upbit suffers $37 million hack on Solana assets, halts withdrawals

Upbit, South Korea's largest cryptocurrency exchange, was hacked for around 54 billion Korean won ($36.8 million) early morning on Thursday, local time.The exchange said it has halted withdrawals and deposits to examine an abnormal withdrawal of cryptocurrencies on the Solana network. Its announceme…

Robinhood to launch new derivatives exchange for prediction markets push

Robinhood to launch new derivatives exchange for prediction markets push

Robinhood is deepening its foray into prediction markets by partnering with Susquehanna International Group to launch a new joint venture that will establish a futures, derivatives exchange, and clearinghouse.In a statement released Tuesday, Robinhood said that the joint venture will be controlled b…

Thailand’s Bitkub crypto exchange mulls Hong Kong IPO: Bloomberg

Thailand’s Bitkub crypto exchange mulls Hong Kong IPO: Bloomberg

Bitkub, Thailand's largest crypto exchange, is mulling a potential initial public offering in Hong Kong, according to a Bloomberg report citing sources familiar with the matter.One of the sources reportedly said that Bitkub may launch the Hong Kong IPO as early as next year, with a target of raising…

Crypto ATM operator considers $100 million sale, days after founder’s $10 million money laundering charge

Crypto ATM operator considers $100 million sale, days after founder’s $10 million money laundering charge

Crypto ATM operator Crypto Dispensers said on Friday it is considering a $100 million sale offer, mere days after its founder and CEO, Firas Isa, was charged by federal prosecutors in connection with an alleged $10 million money laundering scheme.Ā In a press release issued Nov. 21, the company state…

Top DEXs Aerodrome, Velodrome hit with front-end compromise, urge users to avoid main domains

Top DEXs Aerodrome, Velodrome hit with front-end compromise, urge users to avoid main domains

Aerodrome, the top decentralized exchange (DEX) on Ethereum Layer 2 network Base, and Velodrome, the top DEX on Optimism, suffered a front-end compromise early Saturday morning (ET) and urged users to use decentralized mirrors to access both platforms.Ā Both projects said they are investigating the D…

Bitcoin extends losses below $89,000 as Fed minutes outline two-sided risks, no preset path for rate cuts

Bitcoin extends losses below $89,000 as Fed minutes outline two-sided risks, no preset path for rate cuts

Bitcoin extended its decline on Wednesday, falling to roughly $88,600, its lowest level since April and more than 5% below where it opened 2025.The move coincided with the release of the Federal Reserve’s October meeting minutes, which emphasized ā€œtwo-sided risksā€ facing the economy and showed offic…

Block shares jump after new three-year outlook calls for accelerating growth, expanded buyback

Block shares jump after new three-year outlook calls for accelerating growth, expanded buyback

Shares of the Jack Dorsey-led Block surged on Wednesday after the company laid out a three-year financial outlook that calls for faster growth and substantially higher profitability.At its first investor day since 2022, Block said it expects gross profit to grow at a mid-teens annual rate through 20…

Coinbase app code appears to include early prediction market and stock-trading modules

Coinbase app code appears to include early prediction market and stock-trading modules

Users of Coinbase, the United States' largest crypto exchange, may soon have access to prediction markets and tokenized stock trading directly inside the app.Screenshots shared by independent researcher Jane Manchun Wong suggest Coinbase is testing interfaces for prediction markets and tokenized sto…

The Daily: Bitcoin briefly dips below $90K, Mt. Gox moves nearly $1B in BTC, Cloudflare outage hits crypto sites, and more

The Daily: Bitcoin briefly dips below $90K, Mt. Gox moves nearly $1B in BTC, Cloudflare outage hits crypto sites, and more

The following article is adapted from The Block’s newsletter,Ā The Daily, which comes out on weekday afternoons.Happy Tuesday! While a Cloudflare outage took down multiple crypto front-ends this morning, markets are looking a little less shaky. Let's get you up to speed on the latest.In today's newsl…

Block positioned to ride rising demand for on-demand liquidity in fintech apps: analysts

Block positioned to ride rising demand for on-demand liquidity in fintech apps: analysts

Block’s strengthening position in short-duration, high-velocity consumer credit is becoming a key driver of its long-term outlook, according to a new note from William Blair, which argues the fintech is well-placed as on-demand liquidity tools become central to digital finance.The firm reiterated an…