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The Block

The first and final word in digital assets
Teens face felony charges after 600-mile drive to allegedly attempt a $66 million crypto robbery: reports
The 16-year-old alleged perpetrator reportedly told police that he and his accomplice were coerced into committing the crime by unknown parties on Signal. ...
Bitcoin mining difficulty drops 11% in largest negative adjustment since China’s 2021 ban
The network's hashrate has dropped about 20% over the past month as bitcoin's price collapsed and Winter Storm Fern forced widespread miner shutdowns....
Kalshi says NBA star Giannis Antetokounmpo’s stake is below 1%; controversial deal was signed Thursday
A 1% stake in Kalshi is worth $110 million based on the company's latest $11 billion valuation, but Kalshi did not disclose the exact size of the deal. ...
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....
The Daily: Strategy’s safe unless BTC falls to $8K, Charles Hoskinson’s down over $3B in crypto, Bithumb mistakenly sends bitcoin to users, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ...
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....
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