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Arbitrum transaction ordering system Timeboost generates $2 million in fees within three months of launch

Arbitrum transaction ordering system Timeboost generates $2 million in fees within three months of launch

Arbitrum’s Timeboost, a transaction ordering policy introduced to improve efficiency and reduce MEV issues on Arbitrum ecosystem chains, has generated $2 million in fees since its launch in April 2025, according to Dune data.The system, which allows users to bid for priority in transaction sequencin…

The DePIN Report 2025

The DePIN Report 2025

Below is a summarized version of The Block Research's The DePIN Report 2025. The full PDF version of this report is accessible here.Decentralized Physical Infrastructure Networks represent a new frontier in blockchain innovation, enabling distributed, user-driven networks for compute, storage, conne…

OpenAI does not ā€˜endorse’ Robinhood tokenizing its private shares, AI studio says

OpenAI does not ā€˜endorse’ Robinhood tokenizing its private shares, AI studio says

Sam Altman's artificial intelligence firm OpenAI slammed the trading platform Robinhood for offering tokenized versions of its private company shares, according to an announcement on Wednesday.Ā "These 'OpenAI tokens' are not OpenAI equity," OpenAI wrote on the social media platform X. "We did not pa…

Ripple applies for US banking license following Circle

Ripple applies for US banking license following Circle

The applications for national banking licenses keep rolling in, with the latest being Ripple, according to a report from The Wall Street Journal.Ripple filed an application on Wednesday with the U.S. Office of the Comptroller of the Currency for that license. That national banking charter would mean…

Bringing dark pools to Hyperliquid with Silhouette founder Chandler De Kock

Bringing dark pools to Hyperliquid with Silhouette founder Chandler De Kock

Episode 31 of The Crypto Beat was recorded with The Block's Head of Growth Tim Copeland and Silhouette Founder Chandler De Kock.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 podcast@…

China-based garment maker unveils updated, though equally vague, plan to purchase 12,000 BTC

China-based garment maker unveils updated, though equally vague, plan to purchase 12,000 BTC

Shenzhen, China-based microcap firm Addentax Group Corp. (ticker ATXG) has unveiled a new non-binding agreement to purchase up to 12,000 bitcoin, a 50% increase from plans to acquire 8,000 BTC initially floated in May.The purchases would total approximately $1.3 billion, if completed, and would be f…

Arizona governor vetoes bill seeking to create reserve fund from seized crypto

Arizona governor vetoes bill seeking to create reserve fund from seized crypto

Arizona Governor Katie Hobbs has vetoed House Bill 2324, which sought to create a reserve fund for seized cryptocurrency assets.In a veto letter released Tuesday, Hobbs stated that the bill "disincentives local law enforcement from working with the state on digital asset forfeiture by removing seize…

Centralized exchange spot volume hits 9-month low while DEX usage grows

Centralized exchange spot volume hits 9-month low while DEX usage grows

Monthly spot trading volume on centralized exchanges has fallen to its lowest level since September 2024, while decentralized trading platforms continued to to see rising volumes.According to The Block's data dashboard, centralized exchanges recorded $1.07 trillion in spot trading volume in June, do…

Bitcoin dips to around $106,000 as traders derisk ahead of key US data releases

Bitcoin dips to around $106,000 as traders derisk ahead of key US data releases

The overall crypto market declined over the past day, with bitcoin hovering around the $106,000 level as traders derisk ahead of key U.S. economic data releases.Ā Bitcoin fell 1% in the past 24 hours to $106,013, while ether lost 2.5% to trade at $2,423, according to The Block’s price page. The Block…

Bitcoin ETFs’ inflow streak hits 15 days, pulling in nearly $5 billion as BTC hovers below all-time highs

Bitcoin ETFs’ inflow streak hits 15 days, pulling in nearly $5 billion as BTC hovers below all-time highs

The net inflow streak of U.S. spot Bitcoin exchange-traded funds extended into a fifteenth day on Monday, adding $102.1 million to a total of $4.7 billion for the period, according to data compiled by The Block.BlackRock's IBIT continued its dominance over the other Bitcoin funds, attracting $112.3 …

Circle applies for US banking license, enabling it to act as custodian for USDC reserves: report

Circle applies for US banking license, enabling it to act as custodian for USDC reserves: report

Circle Internet Group (ticker CRCL) has applied for a national banking license, according to Reuters. The news marks the second-largest stablecoin issuer's latest move to become more ingrained in the legacy financial system, following a hugely successful initial public offering this month.A U.S. Off…

Kazakhstan plans national cryptocurrency reserve using seized assets, state-mined coins

Kazakhstan plans national cryptocurrency reserve using seized assets, state-mined coins

Kazakhstan will establish a state cryptocurrency reserve under a National Bank affiliate, financing the plan with assets seized in criminal cases and coins mined by state-owned operations, the country's central bank governor, Timur Suleimenov, said, according to aĀ report by Kazinform.The regulator i…