The Block

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The Block

The first and final word in digital assets

Bunni DEX shuts down after $8.4 million exploit, citing lack of funds
Bunni said required audits and monitoring expenses alone would cost between six and seven figures to restore operations....

Exploring TON Strategy’s $558 million treasury company with Exec. Chairman Manuel Stotz
TON Strategy Co-Executive Chairman explains how TON’s integration with Telegram could drive crypto’s next billion users, and his new treasury's plans for long-term Ton accumulation....

Coinbase unveils tool for AI agents like Claude and Gemini to access crypto wallets
The tool comes on the heels of the launch of the x402 Foundation, a Coinbase and Cloudflare-backed initiative to standardize AI-payments....

Kalshi fielding investment offers at up to $12 billion valuation shortly after major funding round: Bloomberg
Less than two weeks ago, the prediction platform startup raised more than $300 million at a $5 billion valuation. ...

The Daily: FalconX acquires 21Shares, Kadena shuts down, MegaETH launches public sale, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Tensions rise as Senate Democrats, crypto executives meet on sweeping digital assets bill
Talks between Senate Democrats and crypto industry leaders to discuss a bill to regulate digital assets at large got intense on Wednesday. ...

Canada’s Cryptomus exchange hit with record 177 million CAD fine for money-laundering failures
Canada's FINTRAC said the exchange failed to report thousands of high-risk crypto transactions tied to darknet markets and Iranian transfers....

‘Total land rush’: Bitcoin, Solana lead the way with over 150 crypto ETF filings awaiting review
There are 155 cryptocurrency-based ETP filings tracking 35 different digital assets, according to Bloomberg analysts....

‘I’m prepared to go to prison’ to stop UK CBDC, Reform leader Nigel Farage says
Reform has one of the most positive stances toward crypto in the UK, though the next general election is not due until 2029....

Kraken says tokenized equities trading surpasses $5 billion as revenues double
The company said xStocks generated over $1 billion in onchain transactions and reached more than 37,000 unique holders....