The Block

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The Block

The first and final word in digital assets

Strategy’s Q3 profit drops to $2.8 billion as bitcoin rally fades, mNAV premium hits 18-month low
Strategy’s bitcoin accumulation slowed for a third straight quarter as weaker market premiums made new issuance less accretive....

Bitcoin miner Riot posts net income of $104.5 million in Q3, reversing previous quarter’s losses
Riot’s adjusted EBITDA of $197.2 million included a $133.1 million gain on its bitcoins. Shares dropped 4.87% on the day as of market close....

Coinbase Q3 revenue surges 37% as Ethereum trading share climbs, reversing last quarter’s slump
CEO Brian Armstrong said Coinbase is "long on Bitcoin" as company added $299 million worth of the cryptocurrency during the third quarter....

Unichain L2 adds support for non-EVM assets DOGE, XRP and Zcash
Uniswap is adding DOGE, XRP, and ZEC support through the Universal protocol, which mints and burns tokens to create bridgeable “uAssets.”...

JPMorgan says Circle’s USDC stablecoin outpaces Tether’s USDT in onchain growth
USDC's market cap has surged 72% since January to $74 billion, far outpacing USDT's 32% growth, JPMorgan said....

Crypto mining stocks deliver triple-digit gains, beating bitcoin amid AI infrastructure shift
The crypto mining sector's market cap gains this year suggest these stocks are functioning as leveraged bets on Bitcoin....

The Daily: ‘Powell’s pullback,’ Uphold’s XRP rewards card, SpaceX’s bitcoin move, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Treasury Dept.’s renderings of $1 Trump coin draws criticism from lawmakers over ties to TRUMP memecoin
News that the Treasury Department is working on $1 coin featuring President Donald Trump drew ire from lawmakers....

JPMorgan executes first fund-servicing transaction on its Kinexys blockchain
The Kinexys system uses smart contracts to automate capital calls and reduce manual fund processes, building on an earlier onchain repo tool....

Bitcoin rewards app Lolli acquires Slice, accelerating its adoption of the Lightning Network
Thesis-owner bitcoin rewards app Lolli has acquired the Slice browser extension, which rewards users for their passive internet activity....