The Block

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The Block

The first and final word in digital assets

Yield compression triggers 50% TVL drop in USDe despite rising onchain usage
The sharp TVL contraction appears largely driven by the unwinding of leveraged looping strategies that proliferated across DeFi protocols....

Lighter CEO on ‘democratizing finance’ with a zero-fee, ZK perp DEX
CEO Vladimir Novakovski explains the infrastructure powering the perp DEX, and why Lighter opted for a zero-fee structure for retail users....

Texas reportedly kicks off state bitcoin reserve with $5 million IBIT purchase: ‘More wild stuff’
A $10M budget allocation for BTC was approved with the reported $5M trade representing the first step toward deploying those funds....

Kevin Hassett, who has crypto ties, rises to the front in Fed Chair search: Bloomberg
Kevin Hassett is at the top of the leaderboard to become the next Fed Chair, according to reporting from Bloomberg....

Layer 1 blockchain SKALE taps Layer 2 Base for AI-focused Layer 3
SKALE on Base allows agents to take advantage of the chain's scalable infrastructure and Base’s liquidity, users, onramps, and distribution....

CFTC Acting Chair Pham seeks CEOs for innovation council amid expanding crypto oversight
The CFTC's Acting Chair, Caroline Pham, is seeking chief executives to bolster a newly formed CEO Innovation Council. ...

America’s fifth-largest bank US Bancorp tests stablecoin on Stellar
The bank's push into stablecoins puts it among many other traditional financial institutions, like Bank of America and Citi....

Tether-pegged USDT0 omnichain stablecoin passes $50 billion in cumulative transfers
USDT0 launched in January using LayerZero's Omnichain Fungible Token standard, enabling it to extend to 15 blockchains....

JPMorgan Chase shuts ShapeShift employee’s business account, says his personal account will be next
ShapeShift’s Houston Morgan told The Block that JPMorgan Chase abruptly closed his business bank account last Friday....