The Block

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The Block

The first and final word in digital assets

Bitwise files prospectus for Hyperliquid ETF as SEC delays several altcoin proposals
The SEC delayed action on Canary's SUI and PENGU funds, along with staked INJ and SEI funds, and some spot Avalanche proposals....

SEC Chair Atkins responds to crypto conflicts of interest, says agency will ‘enforce laws where indicated’
Paul Atkins addressed questions about conflicts of interest as President Trump and his family's crypto ventures continue to come up....

Hashdex expands crypto ETF to include XRP, Solana after SEC greenlights broader listing standards
Hashdex Asset Management and Nasdaq Global Indexes said it has expanded its ETP to include other cryptocurrencies, including XRP and Solana....

Brothers charged in armed kidnapping after $8 million crypto heist in Minnesota
Two brothers who held a family for nine hours at gunpoint and stole $8 million in cryptocurrency were charged with kidnapping on Thursday....

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....

Cloudflare plans to launch stablecoin called NET Dollar as market is poised to expand
The announcement comes as major players from crypto and the traditional financial sector eye launching their own stablecoins....

Following Coinbase and Kraken, crypto exchange Gate taps OP Stack for its new Layer 2
Gate tapped Optimism for its new L2, Gate Layer, which will use the existing GateChain as a settlement layer and GT token as a gas token....

CleanSpark secures another $100 million credit facility to fund growth
This new credit facility brings CleanSpark's "total collateralized lending facilities to $400 million," the company said....

SharpLink to tokenize SBET stock on Ethereum via Superstate’s Opening Bell
The Ethereum treasury company joins the likes of Forward Industries and Galaxy Digital in tapping Superstate's solution to tokenize stocks....

Ripple’s Stuart Alderoty: Crypto doesn’t need a Dodd-Frank moment as lawmakers work to draft rules for digital assets
The cryptocurrency industry doesn't need Dodd-Frank like legislation, said Ripple Chief Legal Officer Stuart Alderoty....