The Block

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The Block

The first and final word in digital assets

Bitcoin now worth $14.5 billion quietly stolen from Chinese mining pool in 2020: Arkham
The alleged heist would mark the second-largest Bitcoin theft in history in BTC terms, and the highest in dollar value at the time. ...

Ark Invest buys $30 million in Coinbase shares, adds $17 million in BitMine across three funds
Ark Invest bought the dip in Coinbase and BitMine shares, adding to its position in the leading U.S. exchange and ETH treasury company. ...

US crypto ETFs open August with largest outflows in months following record-breaking July
Spot Bitcoin ETFs had their second-worst day of all time, and Ethereum funds fared similarly, though BlackRock's funds came out mostly unscathed. ...

Uniswap, a16z, and allies urge Senate to protect DeFi developers in market-structure bill
Top crypto firms such as a16z crypto, the Solana Policy Institute, Uniswap Labs, and more signed on to the comments. ...

CurveDAO member proposes slashing future Layer 2 deployments
CurveDAO member phil_00Llama proposed preventing further extensions of the decentralized exchange to additional Ethereum scaling layers. ...

Coinbase’s Q2 earnings point to shrinking USDC margins for Circle, Mizuho says
The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase....

Nadaq-listed DevvStream Corp. buys $10 million worth of Bitcoin and Solana as it looks to tokenize carbon credits
DevvStream raised $300 million via senior secured convertible notes to purchase crypto and is looking to expand its line of credit....

Early Bitcoin adopter moves 306 BTC worth $35 million after 12 years of dormancy
The stash was purchased for around $23,000 in 2013; if the owner sells, they'll net a return of nearly 1,500x. ...

US crypto ETFs best Vanguard’s S&P 500 fund with record-high $12.8 billion of inflows in July: analyst
Bloomberg ETF Analyst Eric Balchunas also said that OG Bitcoiners may be creating some downward pressure on the cryptocurrency's price....