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The Block

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Gemini exits UK, EU and Australia, cuts 25% of staff as exchange refocuses on US
Gemini links its latest layoffs to a push for a leaner, more automated operating model, saying increased use of AI lets it run faster with fewer staff....

Tether deepens ties with Anchorage Digital through $100M equity investment at $4.2B valuation
The firms said the deal reflects shared priorities around security, compliance, and scaling institutional-grade services for stablecoins....

Tokenization firms warn EU DLT pilot constraints risk pushing markets to the US
The firms warned that current scope limits, volume caps, and time-limited licenses are constraining live products as the U.S. moves ahead....

Kraken Institutional launches first managed crypto yield strategy with Bitwise
The Bitwise-managed strategy seeks to generate income from otherwise idle crypto holdings while assets remain within Kraken's custody....

‘Bears in control’: Bitcoin erases gains since 2021 all-time high as price drops back toward $69K
Bitcoin fell below $70,000 on Tuesday, erasing all gains since its 2021 peak and leaving the asset down nearly 30% year-over-year....

‘We don’t friggin need more copypasta EVM chains’: Vitalik Buterin criticizes new Layer 1s, narrows the case for Layer 2s
Vitalik Buterin called copy-paste EVM chains a ‘dead end,’ calling for differentiated, deeply connected designs....

CFTC scraps Biden-era proposal to ban political event contracts as states press prediction markets
The CFTC has scrapped a 2024 proposal to ban political prediction market contracts just as states double down on oversight....

Spot bitcoin ETFs register second consecutive day of outflows totaling $545 million
US spot bitcoin ETFs posted $544.94 million in outflows Wednesday as the world's largest cryptocurrency continued to slide....

House launches probe into $500 Million UAE deal linked to World Liberty Financial
The letter suggests that the financial ties between the UAE and World Liberty Financial pose national security risks linked to China....

Bitcoin slides below $71,000 to lowest level since October 2024
Crypto-related stocks also fell on Wednesday, with Coinbase shares closing down 6.14% and Bitmine dropping 9.17%....