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The Block

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Binance pledges $1 billion fund to bitcoin as market tanks to months-low
Binance announced that it will turn its $1 billion SAFU fund into bitcoin over the next 30 days to support the industry through uncertainty....

Kevin Warsh odds jump to 93% on Polymarket as Trump’s Fed chair pick looms
The surge in Warsh's prediction market odds followed Thursday reports that Trump is preparing to nominate him as the next Fed chair....

US DOJ finalizes $400 million forfeiture tied to Helix darknet crypto mixer
The DOJ said Helix processed at least 354,468 bitcoin between 2014 and 2017, worth about $300 million at the time....

Brock Pierce-backed Ethereum treasury firm Bit Digital to fully wind down bitcoin mining operations
Bit Digital entered the bitcoin mining business in 2020 and was an early diversifier into the HPC/AI sector....

Bitcoin drops below $84,000 as tech-led stock selloff pulls metals off record highs
Crypto liquidations topped $1 billion as leveraged long positions were flushed during the slide and the market cap dropped below $3 trillion....

The Daily: ‘The DAO is back!’ Tether rebuffs stablecoin yield claims, Senate Agriculture Committee advances crypto bill, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Bitcoin’s quantum risk is ‘long-dated and manageable,’ Benchmark pushes back on panic
Analysts agree only a subset of bitcoin would be vulnerable in a future quantum scenario, though estimates and timelines vary widely....

CFTC and SEC join forces on ‘Project Crypto’ to modernize rules as Congress works on digital asset legislation
The CFTC is joining forces with the SEC on “Project Crypto”, an initiative aimed at modernizing cryptocurrency regulation....

Andre Cronje’s Flying Tulip raises additional $75.5 million at $1 billion token valuation
Flying Tulip, a new DeFi platform founded by Andre Cronje, has raised additional capital through a mix of private and public token sales....

MegaETH outlines four KPIs determining release schedule for 53% of MEGA token supply
Over 50% of the MEGA supply will be released as “major milestones for the protocol are achieved," rather than a time-based unlock schedule....