The Block

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The Block

The first and final word in digital assets

ENS Labs scraps Namechain L2, shifts ENSv2 fully to Ethereum mainnet
ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming ENSv2 update....

Analysts see 400% upside for GEMI as Gemini’s overseas exit may speed profitability
Mizuho sees prediction markets and institutional custody as key businesses for Gemini to stabilize revenue beyond spot trading cycles....

MegaETH Foundation to use USDM stablecoin revenue to fund MEGA token buybacks
The MegaETH Foundation will use revenue earned from the protocol’s native stablecoin USDM to accumulate MEGA tokens....

Federal Reserve ‘skinny master account’ proposal draws comments and clashes from crypto, community banks
Nearly 30 letters were filed in response to the Fed's proposed "skinny master account" that would give certain institutions limited access....

‘Bad news is already priced in’: Bitwise CIO sees possible exhaustion as bitcoin logs steepest two-week drop since June 2022
Bitwise CIO Matt Hougan says the sell-off reflects cycle dynamics and macro risk-off forces — not a repeat of 2022’s systemic collapse....

EF researcher explains Ethereum’s plan to tackle the quantum threat
Ethereum Foundation's quantum lead Thomas Coratger discusses ongoing efforts to develop quantum resistance for Ethereum....

Bitfarms stock jumps 16% as firm finalizes shift from bitcoin mining to AI infrastructure
The company will move its parent entity to Delaware and seek a new Nasdaq and TSX ticker, aiming to access U.S. capital markets....

China tightens stance on RWA tokenization and offshore yuan stablecoins, reiterates crypto ban
Beijing has broadened its crypto ban to include RWA tokenization and unapproved offshore yuan-linked stablecoin issuance....

Bithumb mistakenly sends bitcoin to users, causing ‘temporarily fluctuation’ in BTC price on exchange
Some recipients reportedly sold the coins before the exchange's "internal control system and promptly restricted transactions."...