The Block

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The Block

The first and final word in digital assets

IREN refuels balance sheet with $3.6 billion financing as AI-cloud buildout accelerates
The refinancing removes a major dilution overhang for IREN by canceling older notes that converted at prices far below current levels....

Polymarket begins opening US app to users on the waitlist
The CFTC banned Polymarket from operating in the U.S. in 2022 for operating an unregistered derivatives exchange....

Harvard alumni-founded Ostium lands $24 million in fresh funding to scale onchain perpetuals for RWAs
RWA-focused protocol Ostium has raised $24 million to scale its decentralized perpetuals exchange beyond U.S. markets....

Bitcoin market fears are overblown as policy shifts open medium-term upside, K33 says
Upcoming U.S. policy changes, 401(k) access, and pro-crypto regulatory momentum create a stronger medium-term backdrop for bitcoin, K33 said....

Firelight launches XRP staking protocol on Flare, with stXRP planned to earn rewards through DeFi insurance
This is Phase 1 of the rollout, so staking rewards aren’t live yet; they are expected to begin in Phase 2, early next year....

Axis raises $5 million in round led by Galaxy Ventures to launch onchain yield protocol for USD, bitcoin and gold
Axis said it has also deployed $100 million in private capital through its closed beta to stress-test its delta-neutral arbitrage engine....

Bitcoin jumps back above $93K as short liquidations and fresh institutional interest help fuel rebound ahead of Fed meeting
Bitcoin has surged back above $93,000 as traders brace for next week’s Federal Reserve decision amid lingering macro uncertainty....