The Block

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The Block

The first and final word in digital assets

India resisting comprehensive crypto law, wary regulation would legitimize industry: Reuters
India is unlikely to introduce legislation to regulate cryptocurrencies, Reuters reported, citing a government document....

Crypto exchange Binance.US cuts fees as trading volumes remain abysmal
Crypto exchange Binance.US has cut fees to near zero on more than 20 assets, including Ethereum, Solana, BNB, and Cardano....

Bitwise CIO sees ‘Solana season’ brewing on ETF approvals and corporate treasury buys
Scaled for size, a relatively small amount of flows into Solana could significantly impact prices in the months ahead, Matt Hougan said....

Polygon PoS chain faces delay in reaching consensus finality
Polygon said its PoS network is experiencing a 10–15 minute delay in finality and a fix is being deployed out to validators as the team shares status updates....

Gemini shoots for $3.1B valuation, Figure eyes $4.7B as both hike IPO price ranges
Gemini and Figure raised the proposed price ranges for their IPOs, boosting their valuation targets to $3.1 billion and $4.7 billion....

Kiln exits Ethereum validators in safety move after SwissBorg’s $40 million hack
ZachXBT said Monday that SwissBorg lost about 192,600 SOL, worth roughly $40 million, due to the security breach....

Linea experiences temporary downtime ahead of token generation event
Linea's token generation event is planned for later in the day, where over 9.36 million will be distributed to eligible addresses....

Kraken expands xStocks offering to Europe as tokenized stocks gain steam
Kraken is also expanding xStocks token support to include BEP-20, a token standard for the BNB Chain network....

Paxos pitches PayPal, Venmo rails in bid to issue Hyperliquid USDH stablecoin
Paxos faces stiff competition from other bidders looking to become USDH's issuer, including Frax Finance, Agora, Ethena Labs and Sky....

KindlyMD unit commits $30 million in Metaplanet’s Bitcoin-focused equity raise
David Bailey's Nakamoto said it has committed up to $30 million to participate in Metaplanet's global equity offering....