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The Block

The first and final word in digital assets
Cathie Wood’s Ark Invest stocks up on Coinbase, Circle and Bullish shares
Ark Invest purchased $3 million worth of Coinbase shares and $3.1 million worth of Circle across two of its ETFs on Tuesday....
Pump’s new ‘Mayhem Mode’ fails to boost token launches or revenue in first week
Since Mayhem launched, Pump has averaged 17,800 token launches per day — an insignificant increase from the prior week....
Kraken’s valuation hits $20 billion following Citadel Securities’ ‘strategic investment’ as exchange pushes toward IPO
Kraken said Tuesday afternoon it has raised $800 million across two different tranches over the past two months....
Monad addresses Coinbase token sale slowdown as risk of undersubscription grows
If the Monad token sale is not completely sold by the closing date, unsold tokens will be reallocated to Ecosystem Development....
0xbow raises $3.5 million seed round for Ethereum Foundation-backed Privacy Pools project
Privacy Pools, based on research by Ethereum founder Vitalik Buterin, is a keystone part of the Ethereum Foundation's Kohaku iniative....
Sky authorizes up to $2.5 billion to back Obex-incubated crypto yield projects
Framework Ventures is leading a $37 million funding round into the Obex incubator and will administer the project. ...
OCC says banks can hold certain cryptocurrencies to pay gas fees in latest guidance
Banks can pay gas fees and hold cryptocurrency needed to pay those network fees, the OCC said in a new letter....
Block positioned to ride rising demand for on-demand liquidity in fintech apps: analysts
Square is showing early signs of recovery as new lending models and wider distribution help close the gap between payment volume and profit....
The Daily: Bitcoin briefly dips below $90K, Mt. Gox moves nearly $1B in BTC, Cloudflare outage hits crypto sites, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....
Uniswap weighs protocol burns as its 2025 fee haul approaches $1 billion
Uniswap has generated over $985 million in fees year-to-date, averaging close to $93 million per month from January to October....
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