The Block

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The Block

The first and final word in digital assets

Samourai Wallet’s Keonne Rodriguez sentenced to maximum five-year term over crypto mixing service
Samourai Wallet co-founder Keonne Rodriguez was sentenced to five years in prison and ordered to pay a quarter-million dollar fine on Thursday. ...

Google Finance to roll out Polymarket and Kalshi prediction markets data in search results
Google said prediction markets data from leading platforms Polymarket and Kalshi will roll out over the coming weeks....

Robinhood cautious on adopting corporate bitcoin treasury: ‘Is it the best use of our capital?’
Robinhood’s crypto revenue rose 300% to $268 million in the third quarter, helping drive higher overall revenues of $1.27 billion....

Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation
USDX, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns of potential defaults....

Central Bank of Ireland fines Coinbase Europe $25 million for breaching anti-money laundering monitoring obligations
The bank said more than 30 million transactions were not properly monitored, which led to 2,708 late suspicious transaction reports....

Cross-chain trading app Fomo raises $17 million in round led by Benchmark
Fomo said with its app users can maintain one balance across multiple chains and don't have to worry about bridges or gas fees....

Cathie Wood trims bitcoin bull case by $300,000 as stablecoins ‘usurp’ part of its key use case
Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside....

JPMorgan sees bitcoin price reaching about $170,000 within the next 6 to 12 months
Bitcoin could climb to around $170,000 over the next 6–12 months based on its volatility-adjusted comparison to gold, according to JPMorgan....

Arx Research raises $6.1 million seed round to launch ‘Burner Terminal’ stablecoin and fiat point-of-sale device
The seed round was led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx....

Solana, Fireblocks, Monad and more ally to standardize cross-chain payments
In recent months, payments appears to have become a large focus among many key players in the world of crypto....