The Block

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The Block

The first and final word in digital assets

Kraken acquires prop trading platform Breakout, co-founded by ‘Crypto Twitter’ mainstays Mayne and Cred
Breakout was founded by four crypto industry veterans: TraderMayne, CryptoCred, Alex Miningham, and Abetrade in 2023....

Sora Ventures launches $1 billion fund to support bitcoin treasury firms in Asia
The Taiwan-based VC firm said it has secured $200 million in initial commitments from regional partners and investors....

‘I am innocent’: Justin Sun calls for World Liberty Financial to unfreeze his WLFI tokens
Sun called for World Liberty Financial to remove his WLFI tokens from a blacklist, arguing they were "unreasonably frozen."...

Trump-backed Thumzup eyes 3,500 Dogecoin mining rigs with pending acquisition
Thumzup also said it is expanding its crypto treasury to include Dogecoin, Litecoin, Solana, XRP, ether and USDC....

South Korea caps crypto lending at 20% interest, bans leveraged loans
The new rules come from South Korea's new guideline on crypto lending services for local exchanges, aiming to protect investors....

Ethereum ICO participant moves $646 million in ETH to staking address after three-year dormancy
An Ethereum ICO participant moved 150,000 ETH through three addresses to a staking address on Thursday, according to onchain data....

Bunni cites smart contract rounding error for $8.4 million flash loan exploit
The $8.4 million has been funneled through Tornado Cash, while Bunni offers 10% of the stolen funds if the attacker returns the remainder....

A16z-backed Lead Bank hits $1.47 billion valuation with $70 million raise
The crypto-friendly lender has completed its $70 million Series B round with participation from a16z....

REX-Osprey poised to bring first Dogecoin ETF to market next week, analyst says
The REX-Osprey DOGE ETF (ticker DOJE) would be the first ETF to deliver investors exposure to the memecoin....

Solana treasury DeFi Development’s holdings surpass 2 million SOL
The latest buy brings the company’s total holdings to 2,027,817 SOL, worth around $409 million at current prices....