The Block

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The Block

The first and final word in digital assets

BTC perp accounts turn heavily long as Binance long/short ratio surges to 3.87
Just over a month ago, when BTC made an all-time high above $126,000, this ratio was sitting at multi-year lows below 0.6....

BNPL firm Klarna announces USD stablecoin on Stripe–Paradigm’s Tempo blockchain to cut payment costs
Klarna has unveiled KlarnaUSD, a USD-pegged token issued on Stripe and Paradigm’s Tempo blockchain, amid surging global stablecoin adoption....

Kraken pushes Krak as a bank alternative with new cashback debit card, salary deposits and high-yield vaults
Kraken framed the Krak upgrades as a way for customers to "leave their bank behind and go all-in on crypto."...

Metaplanet borrows another $130 million against its bitcoin holdings to buy more BTC
The company said its 30,823 BTC reserve provides ample collateral headroom under the $500 million facility, with $230 million now drawn....

ETF outflows and macro data keep traders guarded as bitcoin’s ‘gentle recovery’ extends: analysts
Analysts say ETF flows, onchain stress and critical macro data keep risks elevated despite bitcoin's modest rebound....

Grayscale and Franklin XRP ETFs each clock over $60 million in day-one inflows as group outshines BTC, ETH, and SOL funds
The combined spot XRP ETFs registered $164 million worth of net inflows for the day, outperforming their BTC, ETH, and SOL counterparts....

Naver Financial to launch local stablecoin wallet amid Upbit merger: report
The wallet service will allow users to exchange different fiat currencies into regional currency 'Dongbaek-jeon' in the form of a stablecoin. ...

Spot Solana ETFs log 20 consecutive days of net inflows since debut
One analyst said the inflows set the stage for Solana's potential price rebound once the broader de-risking in the crypto market settles....

Binance ‘knowingly facilitated’ Hamas terrorist group, new lawsuit claims
The lawsuit claims Binance knowingly facilitated Hamas to move funds before the militant group's 2023 attack on Israel....

Galaxy Digital explores Polymarket, Kalshi partnerships as liquidity provider: Bloomberg
Polymarket and Kalshi are the two dominant prediction market platforms, which have seen around $42.4 billion in cumulative volume....