The Block

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The Block

The first and final word in digital assets

‘Ah man wtf’: Coinbase buys Cobie’s Up Only NFT for $25 million, unlocking potential for new episodes
The NFT's fine print states if bought Cobie and his cohort Ledger have to produce 8 episodes of the popular podcast....

‘Bad guys innovate, so must we,’ Coinbase tells Treasury in digital-asset crime response
Coinbase urged the Treasury to create “safe harbors” for firms using tech-driven compliance, like AI and blockchain analytics....

USDe issuer Ethena looks to expand team as it readies two new products
The new engineering hires will expand Ethena Labs' exiting team, consisting of 10-15 employees, by 40%-50%....

Coinbase’s Base App says users may see zero balances for some coins amid AWS outage
Base App is meant to be Coinbase's answer for combining social networking, mini-apps, chat, payments, and trading....

The Daily: Bitcoin is back above $110,000, Solana co-founder Anatoly Yakovenko is designing a perps DEX, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Flash crash proved crypto’s resiliency as Bitcoin adoption endures, says TD Cowen
"While less-reputable tokens were decimated, Bitcoin and Ethereum held up well enough, in our estimation," TD Cowen analysts said....

Benchmark sees Bitdeer’s in-house AI expansion improving margins and speeding revenue timeline
Benchmark’s revised model values Bitdeer at six times projected 2026 revenue, citing improving unit economics and AI buildout timelines....

Gemini launches Solana credit card with SOL token rewards and staking
The New York-based exchange is launching a Solana-themed credit card offering users up to 4% SOL token rewards on purchases....

House of Doge takes big stake in old Italian soccer club currently in last place
Last week, House of Doge said it will go public through a reverse takeover agreement with Brag House, an esports company....

Ripple vets and crypto heavyweights back $1 billion Evernorth SPAC to build largest public XRP treasury
XRP is the fifth-largest cryptocurrency with a market cap of nearly $150 billion and a fully diluted valuation of $246 billion....