The Block

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The Block

The first and final word in digital assets

The Daily: Ethereum’s critical inflection point, Strategy’s $110 million bitcoin buy, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Uphold exploring IPO while courting XRP-avid US consumers, CEO says
Whether through IPO or sale, Uphold is seeking a valuation north of $1.5 billion, a person familiar with the matter told The Block....

SEC Chair Paul Atkins says the right to self-custody is a ‘foundational American value’
The head of the Securities and Exchange Commission is turning a new page at the agency in how it views self-custody....

Paraguay president’s X account appears compromised with claim country makes Bitcoin legal tender
President Santiago Peña's social media post also linked to a Bitcoin address and encouraged citizens to "invest."...

BlackRock’s spot Bitcoin ETF becomes fastest to hit $70 billion, crushing gold’s previous record
The firm's spot Bitcoin fund, the largest of its kind, passed $70 billion in AUM in 341 of trading, five times faster than a gold fund....

Software developer protections added to large House crypto bill ahead of scheduled debate
Lawmakers have included a measure aimed at protecting software developers in the latest version of a digital asset market structure bill....

As Circle surges post-IPO, ProShares and Bitwise file for CRCL-based ETFs
Less than a week on the public market, issuers have already filed for ETFs tracking the stock behind the second-largest stablecoin....

Plasma reaches its $500 million stablecoin vault deposit cap across 1,100 wallets within an hour
The project noted that over 1,100 wallets participated in the Monday raise, with deposits averaging at $35,000....

Former Coinbase employees raise $30 million Series B for crypto infrastructure startup Turnkey
Turnkey plans to use the fresh funding to scale its team and expand its modular infrastructure, with a focus on open-source contributions....

Strategy buys extra 1,045 bitcoin for $110.2 million as total holdings reach 582,000 BTC
The company's holdings now total around 2.8% of the total 21 million bitcoin supply — worth over $62 billion....