The Block

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The Block

The first and final word in digital assets

Crypto payments network Mesh reaches unicorn status after $75 million Series C led by Dragonfly
New capital from Dragonfly, Coinbase Ventures, and other backers has pushed Mesh's total funding over $200 billion at a $1 billion valuation....

Tether officially launches ‘Made in America’ USAT stablecoin as mass TradFi adoption looms
Bo Hines, a former crypto policy advisor to the White House, will help oversee the launch of Tether's new stablecoin....

Standard Chartered warns stablecoins could drain $500 billion from U.S. bank deposits by 2028
Standard Chartered has estimated that up to $500 billion could exit U.S. bank deposits for stablecoins by 2028....

ZK-powered Bitcoin Layer 2 Citrea launches mainnet
Citrea uses a zero-knowledge Ethereum Virtual Machine to inscribe its chain history on the Bitcoin base layer....

Theo launches yield-bearing tokenized gold built to ‘work in DeFi’
The launch comes as tokenized gold hits a record high market cap, with most existing products still offering only passive price exposure....

Australian regulator secures $9.7 million penalty against BPS Financial over Qoin Wallet violations
Australia’s Federal Court ordered BPS Financial to pay $14 million AUD after ASIC proved unlicensed and misleading conduct tied to Qoin Wallet....

Bitcoin holds below $90K as markets remain cautious ahead of Fed decision: analysts
Analysts flag ETF outflows, defensive positioning, and macro uncertainty as reasons behind bitcoin's range-bound price action....

Gold’s surge above $5,000 and Clarity Act limbo frame contrasting futures for crypto markets, Bitwise CIO says
Gold's breakout above $5,000 and Clarity Act uncertainty are putting crypto's next market move to the test, Matt Hougan said....

Japan’s regulator seeks public input on bonds eligible for stablecoin reserves
Japan's FSA has opened a consultation on draft rules defining which bonds are eligible for stablecoin reserves under 2025 law amendments....

Kalshi bolsters US lobbying efforts with new DC office
Kalshi, a federally-approved entity, has been battling state-level enforcement actions over its sports event contracts....