The Block

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The Block

The first and final word in digital assets

Stable to launch Phase 2 of pre-deposit campaign next week
The announcement drew negative feedback on X, with users claiming large holders had executed deposits in Phase 1 before the public opening....

Ethereum ICO participant moves $6 million in ETH after 8-year dormancy: onchain data
The investor participated in Ethereum's 2014 ICO and received 20,000 ETH for about $6,200, Lookonchain reported....

Australia classifies stablecoins, wrapped tokens as financial products in updated guidance
Under new guidance, companies would need to obtain a license to offer products such as stablecoins and wrapped tokens....

Tom Lee’s BitMine adds $113 million worth of ETH to treasury: onchain data
BitMine's Monday disclosure revealed that its treasury holdings have surpassed 3.3 million ETH, worth over $13 billion....

World Liberty Financial to distribute 8.4 million WLFI for early USD1 adopters
The distribution rewards users who earned points by trading USD1 pairs on partner exchanges and maintaining USD1 balances....

Visa adding support for four stablecoins on four unique blockchains, as spend quadrupled last quarter
CEO Ryan McInerney also noted that his company has started enabling banks to mint and burn their own stablecoins....

Ethereum’s Fusaka hard fork activates on final testnet ahead of mainnet launch
Hoodi represents the third and final testnet deployment, following successive activations on Holesky and Sepolia earlier this month....

New crypto ETFs tracking Litecoin, Hedera and Solana generate $65 million in day-one trading volume
The first ETFs to track the spot price of Litecoin and HBAR made their debuts Tuesday, along with a new staked SOL fund....

Hyperliquid and BNB Chain capture majority of L1 fees as Solana fades amid derivatives boom
This shift was likely caused by many factors in market appetite, user preferences, and structural changes that significantly impacted flows....

Polymarket to go live in the US by late November as sports betting becomes key battleground: Bloomberg
Polymarket’s U.S. comeback follows record trading volumes and growing competition in the prediction market sector....