The Block

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The Block

The first and final word in digital assets

New XRP yield product earnXRP launches using Flare Network’s infrastructure
Three entities — Upshift, Clearstar, and Flare — have jointly launched earnXRP, a new product that allows users to earn yield denominated in XRP....

Clarity Act delays trigger $952 million in weekly global crypto ETP outflows: CoinShares
Global crypto products recorded their first outflows in four weeks as Washington pushed key policy discussions to next year, per CoinShares....

‘A hostile takeover attempt’: Aave Labs’ unilateral push to vote on brand-rights proposal sparks community outcry
Aave DAO unrest has intensified after Aave Labs unilaterally escalated a high-stake proposal on brand-asset ownership to a Snapshot vote....

Hong Kong insurance regulator weighs new capital rules, risk charge on crypto assets: Bloomberg
The Hong Kong Insurance Authority is proposing rules that would steer insurance capital toward cryptocurrencies, according to Bloomberg....

MoMA adds CryptoPunks and Chromie Squiggles NFTs to permanent collection following coordinated donation
The 16 works were donated to the museum by a coordinated community effort which included the founders of Larva Labs and Art Blocks. ...

Hilbert Group bolsters institutional crypto push with $25 million Enigma Nordic deal
The acquisition expands Hilbert's systematic trading toolkit as institutional demand for quant-driven crypto exposure continues to grow....

Tether-backed Northern Data sold bitcoin mining arm to companies run by Tether’s own executives: FT
The sale came just days before Tether-backed video streaming site Rumble announced its $767 million agreement to acquire Northern Data....

Bipartisan House lawmakers unveil crypto tax framework with stablecoin safe harbor, staking deferral: Bloomberg
A Democrat and a Republican on the House Ways and Means Committee have unveiled a draft bill to bring clarity to crypto taxation in the United States. ...

Brooklyn man indicted for allegedly stealing $16 million from Coinbase users through phishing scheme
The defendant reportedly told friends he lost $6 million gambling on crypto, and went by "@lolimfeelingevil" on Telegram. ...

Crypto trader loses $50 million in address poisoning attack, offers $1 million bounty for return
The victim of a similar $71 million address poisoning attack in 2024 managed to recover nearly all available funds, lending hope to the scam's latest victim. ...