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There has been a noticeable uptick in chatter around Bittensor lately. Its native token, TAO, is up about 60% in the last month. A Bittensor-focused liquid fund quietly launched in April. Digital Currency Group's Barry Silbert suggested TAO may be the next Bitcoin on The Block's podcast earlier this…
A new report shines more light on the recent change of course by Senate Democrats regarding bipartisan stablecoin legislation that has been working its way through the chamber. Late Saturday, a group of nine Senate Democrats said they would not support the bill in its current state, including four s…
A recent "zero-day" vulnerability affecting certain tokens on the Solana blockchain was patched after the Solana Foundation, which stewards the network, privately organized validators to deploy a critical fix.According to the Foundation's post-mortem, the vulnerability was first identified on April …
Libre, an "omnichain" solution focused on real-world assets (RWAs), plans to tokenize $500 million worth of Telegram-issued bonds on The Open Network (TON), giving institutional investors decentralized access to the social network's fixed-income securities for the first time.Libre intends to achieve…
Maelstrom CIO Arthur Hayes expressed a bullish outlook on the crypto markets at Token2049 in Dubai.“It’s time to go long everything,” he said in a keynote speech, referring to both crypto and stocks.To support his view, Hayes laid out his oft-repeated argument that the U.S. will need to effectively …
The U.S. Securities and Exchange Commission has dropped its investigation into stablecoin PayPal USD (PYUSD), the payment giant said in its latest disclosure.In a Form 10-Q filed on Tuesday, PayPal said that the SEC informed the company in February that the agency was closing the inquiry surrounding…
1kx and Blockchain Capital have led a $30 million Series A funding round for Camp Network, a new Layer 1 blockchain geared around intellectual property. “The raise supports Camp Network’s mission to scale its Layer 1 blockchain, which enables users to register and tokenize their IP onchain, train an…
Episode 518 of The Scoop was recorded with The Block's Frank Chaparro and Coinbase Asset Management President Sebastian Bea.Listen below, and subscribe to The Scoop on YouTube, Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Please send feedback and revision requests to…
Spot bitcoin exchange-traded funds in the U.S. experienced $591.3 million in net inflows on Monday, extending their streak of inflows to seven days.BlackRock's IBIT, the largest spot bitcoin ETF by net assets, was the only ETF of its kind to record net inflows, drawing in $970.9 million, according t…
The crypto exchange Coinbase said that 15% of its bitcoin transaction volume is powered through Lightning Network, according to a release shared with The Block on Monday. Coinbase integrated the Lightning Network in April 2024 to facilitate faster and easier bitcoin transactions for customers, The B…
The 30-day Pearson correlation of BTC against gold stood at 0.54 on Friday, April 25, as it approached its yearly high of 0.73. This comes after a notable episode of Bitcoin "decoupling" from gold in February, when the 30-day Pearson correlation collapsed from 0.73 to -0.67 in just three weeks.At th…
Lawmakers in Arizona have passed a bill allowing the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically bitcoin, sending it to the governor’s desk for approval, according to Bloomberg Government.The bill, called the Arizona Strategic Bitcoin …