The Block

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The Block

The first and final word in digital assets

Visa-powered, stablecoin firm Rain raises $58 million from Samsung and Sapphire
The Series B funding round was led by Sapphire Ventures, with participation from Samsung Next, Dragonfly, Galaxy Ventures and Norwest....

Bitcoin staking startup Lombard launches ‘yield-bearing’ LBTC token to Solana
Bitcoin DeFi company Labard Finance is extending its fast-growing yield-bearing asset protocol, LBTC, to the Solana Layer 1....

Chainalysis, Tether, Binance, and OKX help law enforcement freeze nearly $50 million in ‘pig butchering’ scam funds
Crypto firms collaborated with APAC-based law enforcement to freeze $46.9 million in USDT related to a "pig butchering" scam....

Tether to bring native stablecoin rail to Bitcoin with USDT rollout on RGB
Tether will launch USDT on RGB, a Bitcoin-tied protocol compatible with Lightning, to further expand USDT beyond Tron and Ethereum....

Bitcoin balances on ‘knife-edge’ as short-term investors brace for macro events: analyst
BTC supply in profit sits at an inflection point as short-term holders weather losses, but analysts say fundamentals and instutional demand remains strong....

Solana Policy Institute donates $500,000 to Tornado Cash developers’ legal defense
The Solana Policy Institute has donated $500,000 to the legal defense of Tornado Cash software developers Roman Storm and Alexey Pertsev. ...

Solana launchpad Pump.fun buys back $15 million in native tokens over past two weeks
Pump.fun’s daily fees have crossed $1 million early August despite dwindling Solana DEX activity, allowing the protocl finance more token buybacks....

Sony’s Soneium rolls out scoring system to track and incentivize user activity on its blockchain
Sony's Soneium launched 'Soneium Score,' a system designed to track and reward real participation across the blockchain ecosystem....

Spot Ethereum ETFs see $307 million in daily inflows, beating Bitcoin ETFs again
US spot Ethereum ETFs reported $307.2 million in net inflows on Wednesday, while spot bitcoin ETFs logged net inflows of $81.3 million....

Solana targets 150-millisecond finality as Alpenglow upgrade proposal enters voting phase
Solana's Alpenglow proposal aims to improve the network's consensus mechanism with new, improved architecture....