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The Block

The first and final word in digital assets
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....
REX-Osprey first to launch staking Ethereum ETF as BlackRock, Fidelity await SEC
The SEC needs more time to review applications to allow staking for the Ethereum ETFs issued by BlackRock, Fidelity and Franklin Templeton....
ETHZilla to deploy about $47 million in ether to Puffer’s liquid restaking protocol
Pete Thiel-backed ETHZilla plans to stake 10,600 ETH from its corporate treasury to grow yield and increase its holdings....
Castle Island Ventures leads $2.8 million pre-seed round for liquid vault startup RockSolid
Blockchain Builders Fund, GSR, Kindred Ventures, Rocket Pool, and the Stanford Blockchain Accelerator, are among the other notable backers....
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