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The Block

The first and final word in digital assets
‘Massive overstep’: mistrial declared for ‘MEV Brothers’ accused of $25 million fraud on Ethereum
Some jurors were reportedly brought to tears and suffered sleepless nights while deliberating the case of two brothers accused of a $25 million fraud. ...
U.S. spot bitcoin ETFs see largest daily outflow since August as BTC price hovers around $100,000
Meanwhile, the recently-launched U.S. spot Solana ETFs have logged their ninth straight trading day of net positive inflows. ...
Fed Governor Miran calls stablecoins ‘a force to be reckoned with’ that could put downward pressure on interest rates
Stablecoins are an "area of enormous growth," said Fed Governor Stephen Miran as he spoke about cryptocurrency for the first time....
Trump Media posts third straight loss as SPAC legal fees mount, CRO holdings rise
Trump Media also reported $54.1 million in non-cash losses from changes in the fair value of its digital asset holdings and other costs....
The Daily: Bitcoin drives nearly a third of Q3 revenue for Jack Dorsey’s Block, Kazakhstan to launch $1 billion crypto reserve, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....
Strategy’s €100 STRE preferred doubles initial target to $715 million, extends bitcoin funding pipeline
Strategy’s latest preferred-stock sale doubles its initial target, expanding the company’s bitcoin accumulation strategy....
Ethereum validator queue grows with 1.5 million ETH waiting to start staking
As institutional comfort with Ethereum grows, more participants appear willing to commit capital for extended periods to earn yield....
Stripe-backed Tempo makes first venture bet with $25 million investment in open-source dev team Commonware
Tempo, backed by Paradigm and Stripe, will adopt the Commonware Library and become a core contributor to its ongoing development....
IREN’s AI-cloud expansion driving long-term upside but near-term strain on balance sheet: JPMorgan
The analysts said IREN will spend more than $9 billion to expand GPU and AI data-center capacity, even after Microsoft’s prepayment....
Bybit and Backed partner to bring tokenized Nvidia and Strategy stocks to Mantle
The real-world assets market, including tokenized equities, is expected, by some, to grow to trillions of dollars....
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