The Block

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The Block

The first and final word in digital assets

PayPal launches PYUSD Savings Vault on Spark amid push to grow stablecoin deposits to $1 billion
The PYUSD Savings Vault generates returns in part by deploying deposits in lending strategies on SparkLend. ...

Bitcoin sees one-year low in active addresses, raising fresh concerns over blockspace demand
Active bitcoin addresses sit at their lowest levels since Dec. 2024, when the network experienced peak activity from Ordinals and Runes spec....

The Daily: JPMorgan launches tokenized fund on Ethereum, Ripple taps Wormhole to expand RLUSD to Layer 2s, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Crypto bank Anchorage acquires Securitize’s wealth management unit
Acquiring Securitize For Advisors will help Anchorage, the first federally chartered crypto bank, expand its wealth management offerings. ...

Circle acquires Interop Labs team, initial developer of Axelar Network
The stablecoin issuer said its goal is to make digital assets issued on Arc interoperable across various blockchains....

Bitwise amends Hyperliquid ETF filing, finalizes ticker and fee
Bitwise’s decision to lock in a ticker and fee puts its Hyperliquid ETF a step ahead of rival proposals, including 21Shares’ filing....

‘Ethereum is the future of finance’: Tom Lee’s BitMine adds $321 million in ether to corporate ETH treasury
BitMine Immersion boosted its Ethereum treasury to 3.97 million ETH as the firm chases its 5% ether supply target....

Ripple taps Wormhole to expand RLUSD to Layer 2 chains like Base and Optimism
In November, Ripple raised $500 million at a $40 billion valuation, in a round led by investors from Fortress and Citadel Securities....

Michael Saylor’s Strategy acquires 10,645 bitcoin for $980 million, bringing total treasury holdings to 671,268 BTC
Strategy's holdings account for more than 3% of the total 21 million bitcoin supply — worth around $60 billion....

Global crypto ETPs see $864 million in weekly inflows amid cautious optimism: CoinShares
It marks the third consecutive week of inflows, reflecting a cautious yet optimistic investor base, Head of Research James Butterfill said....