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The Block
The first and final word in digital assets
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Senate unveils updated market structure bill limiting stablecoin rewards on idle holdings
The bill seeks to bar digital asset providers from paying interest just for holding a stablecoin, but would allow activity-based rewards....
South Korean crypto exchanges slam government’s proposed ownership cap
DAXA published a statement criticizing the government's proposal to cap major shareholder stakes in crypto platforms at 15-20%....
Kraken-linked SPAC targets Nasdaq IPO with $250 million offering
The Kraken-affiliated company was built for the purpose of effecting a merger with one or more operating businesses....
Former NYC Mayor Eric Adams’ memecoin faces rug pull allegations
Former NYC Mayor Adams is a vocal advocate for the city's crypto sector, and previously supported the 'NYC Coin' and BitBond initiatives. ...
Senators move to shield crypto developers as lawmakers race toward advancing sweeping digital asset bill
Senators introduced a bill that clarifies that software developers who do not control users' funds are not considered money transmitters....
Bakkt stock rallies 20% amid plans to acquire a stablecoin infra firm founded by Bakkt’s co-CEO
Bakkt is continuing its strategic pivot to provide “B2B2C” turnkey operator services through a stablecoin infrastructure acquisition....
CFTC Chair Selig unveils innovation committee as agency weighs crypto, prediction markets
New CFTC Chhair Michael Selig debuted a committee as the agency seeks to define its approach to prediction markets and crypto. ...
The Daily: Bitcoin and privacy coins gain as Trump-Powell conflict escalates, Tether freezes $182M in USDT, Strategy makes biggest buy in six months, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....
AlphaTON expands exposure to decentralized Telegram-based Cocoon AI with NVIDIA deal
The privacy-preserving, Telegram-based Cocoon AI pays users in Toncoin for renting out their GPUs to process queries....
Trump-backed World Liberty moves into crypto lending as USD1 climbs stablecoin ranks
The launch deepens scrutiny around World Liberty as it seeks a U.S. bank charter, with critics pointing to Trump family financial conflicts....
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