The Block

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The Block

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Weekly Hyperliquid outflows top $430M as Lighter and Aster tighten perp DEX competition: Dune
Hyperliquid has posted more than $430 million in weekly outflows as competition from fast-growing rivals Lighter and Aster intensifies....

Bybit relaunches UK crypto platform after 2023 exit linked to FCA rules
The launch gives UK users access to spot trading across 100 pairs and peer-to-peer services supported by Bybit's global infrastructure....

Cathie Wood’s Ark Invest scoops up more Coinbase shares following crypto exchange’s ‘System Update’ event
The investment firm also picked up another 575,644 shares in Solana treasury company Solmate amid its latest fund rebalancing....

Ethereum developers name post-Glamsterdam upgrade ‘Hegota’ as 2026 roadmap takes shape
Glamsterdam and Hegota are expected to continue Ethereum's twice-a-year upgrade schedule in 2026 following Pectra and Fusaka....

Crypto ponzi scheme IcomTech’s senior promoter sentenced to six years in prison
Magdaleno Mendoza, 56, was sentenced to 71 months in prison for his role in helping orchestrate a crypto Ponzi scheme in the U.S....

Terraform Labs liquidator sues Jump Trading for $4 billion in damages
A spokesperson for Jump reportedly called the lawsuit a 'desperate attempt' to shift blame and responsibility away from Terraform and Kwon....

Coinbase sues Michigan, Illinois and Connecticut over prediction market oversight
The lawsuits follow Coinbase's announcement a day earlier that it plans to enter prediction markets through a partnership with Kalshi....

‘We are closer than ever’: US crypto czar David Sacks says Clarity Act markup confirmed for January
Markup sessions review, amend, and vote on the bill in the committee before it advances to a full floor vote in the Senate....

Senate confirms CFTC Chair pick Michael Selig as agency takes larger role regulating crypto
The U.S. Senate voted to advance President Trump’s nominee, Michael Selig, to lead the Commodity Futures Trading Commission....

JPMorgan reiterates it doesn’t see a trillion-dollar stablecoin market by 2028. Here’s why
JPMorgan said stablecoin demand remains primarily driven by crypto trading activity, while growing use in payments may not materially increase supply....