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Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup.Paxos said the deal brings its regulated custody infrastructure together with Fordefi’s multi-party computation (MPC) wallet technology and decentralized finance …
Top Stories of The WeekBitcoiners lose their mind after Scott Bessent walks into a Bitcoin barThe Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washingtons new Bitcoin-themed bar, Pubkey.Having the Secretary of the Trea…
The Oct. 10 crypto crash — which wiped out over $20 billion (and potentially much more) in leveraged positions within hours — was the biggest liquidation event in the industry’s history. The speed and scale of the selloff stunned traders and exposed how fragile crypto’s market structure remains. I a…
Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols.Coinbase said on Tuesday its first placements will provide USDC (USDC) liquidity into Ethereum-based lenders…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! The U.S. President addressed the Digital Asset Summit in New York earlier today. However, unsurprisingly, the hyped-up speech was, in reality, much ado about nothing, with T…
Stablecoin developer Ethena Labs and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors seeking access to the DeFi and tokenization economies. According to a March 17 announcement, the forthcoming Converge blockchain is an Eth…
On Thursday, decentralized lending protocol Compound launched a new series of vaults on Polygon via a partnership with web3 advisory firm Gauntlet and rival lending protocol Morpho. Depending on one’s perspective, the move is being cast as either a way to breathe life into one of DeFi’s longest-runn…
Coinbase Ventures, the investment arm of the crypto exchange Coinbase, has become a group lead for the onchain investment platform Echo. In this new role, Coinbase Ventures will focus on funding projects built on Base, the Coinbase-incubated Layer 2 network, through the Base Ecosystem Fund on Echo, …
By Omkar Godbole (All times ET unless indicated otherwise)If you follow financial markets, you've probably come across the terms "risk-on" and "risk-off." Now we seem to be entering a new era of "tariffs on/tariffs off."In a risk-on environment, growth-sensitive assets like stocks and cryptocurrenci…
Steve Yun, former president and current board member of TON Foundation, has launched TVM Ventures, a new venture capital firm with an inaugural $100 million fund.Yun and a Toncoin miner contributed to the fund's capital, Yun told The Block, declining to disclose the miner's identity or their specifi…
Ether has struggled to close above $3,500 since Jan. 7, signaling weakness even as the broader cryptocurrency market gained 6% during the same period. This underperformance can be partly attributed to a drop in the volume of Ethereum-based decentralized applications (DApps), raising concerns among …