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The Daily: Stream Finance external fund manager discloses $93 million loss, Sequans dumps nearly a third of its bitcoin holdings, and more

The Daily: Stream Finance external fund manager discloses $93 million loss, Sequans dumps nearly a third of its bitcoin holdings, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! Over $1.3 billion in crypto positions were liquidated in 24 hours as bitcoin's drop back toward $100,000 hit a "fragile" market, according to analysts.In today's newsletter, …

Why the x402 protocol didn’t fade after the PING hype, and what’s driving the second wave

Why the x402 protocol didn’t fade after the PING hype, and what’s driving the second wave

Key takeaways: x402 enables pay-per-use functionality on the internet.The current momentum is infrastructure-led, driven by Coinbase and Cloudflare.PING was a catalyst, but the real story is protocol adoption, not the token.You can test it quickly by spinning up an endpoint and verifying the 402 → p…

Pantera Capital investor on Hyperliquid’s USDH, Paradigm’s Tempo, and the massive potential of stablecoins

Pantera Capital investor on Hyperliquid’s USDH, Paradigm’s Tempo, and the massive potential of stablecoins

Episode 44 of The Crypto Beat was recorded with The Block's Co-Hosts Kelvin Sparks and Tim Copeland, who were joined by Pantera Capital Junior Partner Mason Nystrom.Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch, or wherever you listen to podcasts. Please send feed…

Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why

Ethereum Emerges As The Sole Trillion-Dollar Institutional Store Of Value — Here’s Why

The financial world is witnessing an unprecedented shift, as Ethereum solidifies its position as the sole asset capable of becoming a multi-trillion-dollar institutional store of value. ETH is the only one currently demonstrating the scale, utility, and institutional acceptance to command and secure…

Identity systems must work for the disconnected

Identity systems must work for the disconnected

Opinion by: Nanak Nihal Singh Khalsa, co-founder of Holonym FoundationMore often than not, in the quest for the advancement of humankind and the betterment of human life, humanity has created more problems than it can solve. It’s a cycle of unintended consequences that can be traced back to our begi…

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive.Whale Flows Split as ADA Loses SupportSantiment-tracked wa…

The Daily: Cloudflare joins stablecoin race with NET Dollar plans, US Senate sets hearing on crypto taxation, and more

The Daily: Cloudflare joins stablecoin race with NET Dollar plans, US Senate sets hearing on crypto taxation, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! Crypto traders woke up to another sea of red this morning as ether fell below $4,000, and analysts said bitcoin is stuck in a "market of maybes" as Wall Street inflows clash…

Crypto Investment Slows, August Funding Sinks To $2 Billion

Crypto Investment Slows, August Funding Sinks To $2 Billion

After a summer marked by cautious investor sentiment and shifting priorities across the sector, new figures show that capital flows into crypto are starting to cool.Overall funding for crypto protocols was down 30% in August, sliding to nearly $2 billion from July’s $2.67 billion, according to DeFiL…

Hong Kong-Based QMMM Stock Skyrockets Over 1,700% Following its BTC, ETH, SOL Treasury Plans

Hong Kong-Based QMMM Stock Skyrockets Over 1,700% Following its BTC, ETH, SOL Treasury Plans

QMMM Holdings, a Hong Kong-based digital media advertising firm, has reported a staggering 1,736% increase in stock soon after it announced plans to build a $100 million crypto treasury.Per , QMMM shares soared 2,300% on Tuesday before closing 1,736% higher at $207 on Nasdaq.However, the stock fell …

The Daily: NPM supply chain attack on crypto claims ‘almost no victims,’ Cboe plans ‘perpetual-style’ BTC and ETH futures, plus more

The Daily: NPM supply chain attack on crypto claims ‘almost no victims,’ Cboe plans ‘perpetual-style’ BTC and ETH futures, plus more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! With crypto prices stuck in a range, Derive gives BTC and ETH a 23% shot at $140K and $7K by December — but also 20% odds of slipping under $100K and $3.5K 😬In today's newsle…

Kalshi’s $875 million in August trading volume, recent funding signal rising competition with Polymarket

Kalshi’s $875 million in August trading volume, recent funding signal rising competition with Polymarket

Kalshi has emerged as a significant player in the prediction markets landscape, recording $875 million in volume during August while positioning itself as a regulated alternative to offshore competitors like Polymarket, which processed $1 billion in volume during the same period.Kalshi in June secur…

The Daily: Galaxy, Jump, and Multicoin lead $1.65B Solana treasury, El Salvador buys 21 BTC to mark bitcoin law anniversary, and more

The Daily: Galaxy, Jump, and Multicoin lead $1.65B Solana treasury, El Salvador buys 21 BTC to mark bitcoin law anniversary, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Monday! With Fed rate cuts now looking increasingly likely, bitcoin is holding onto September gains after its late-August slide — but may not be out of the woods yet.In today's newsle…