The Block

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The Block

The first and final word in digital assets

Coinbase says it won’t back Senate crypto bill ahead of banking committee vote 
Coinbase won't be supporting the Senate Banking Committee's sweeping cryptocurrency legislation, its CEO said. ...

Senate crypto bill nears crunch time as amendments pile up, lobbying intensifies ahead of Senate Banking Committee hearing
Lawmakers face a pivotal Senate hearing with over 70 amendments in play, as debates over stablecoin yield and DeFi come down to the wire....

Critical tokenization infrastructure provider Alpaca raises $150 million Series D, pushing valuation to $1.15 billion
Alpaca says it powers 94% of all tokenized U.S. equities and ETFs, working with leading RWA projects Dinari, Ondo Finance, and xStocks....

Zcash Foundation says SEC has closed the book on its years-long probe into the organization
The SEC has closed a years-long probe into the Zcash Foundation, the nonprofit said in a blog post Wednesday....

Sui Layer 1 stalls for hours as developers rush to restore network
Sui core developers said the high-throughput Layer 1 is “currently experiencing a network stall,” in a post on X....

CleanSpark and Bitfarms stocks rally as firms target US for HPC/AI expansions
As crypto firms continue to diversify into high-performance compute, several firms are targeting the United States for new developments....

Figure unveils onchain equity network aimed at remaking stock trading and lending
Figure’s OPEN platform is designed to handle issuance, settlement, and stock lending onchain, instead of replicating existing stock trading....

Bitcoin hits 8-week high above $97,000 as shorts unwind and $100K odds rise
Bitcoin has climbed to an eight-week high near $97,000 as this week's rally continues and speculators eye $100,000 in January....

Project Eleven raises $20 million Series A at $120 million valuation to prepare crypto networks for post-quantum threats
The startup is building tools to help secure crypto networks such as Bitcoin against emerging threats from quantum computing....