The Block

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The Block

The first and final word in digital assets

China-based Conflux blockchain plans offshore yuan stablecoin, 3.0 upgrade in August
The Chinese blockchain said it plans to support the potential issuance of an offshore yuan-pegged stablecoin in partnership with AnchorX....

Aave DAO approves Kraken-backed Ink Foundation to launch white-label version of lending protocol in ARFC vote
Aave expects the initiative to expand its presence in the institutional lending space, alongside earning a share of Ink's revenue....

Total NFT market cap rebounds past $6 billion; whale buys 45 CryptoPunks for over 2,000 ETH
The NFT market appears to be benefiting from the broader bullish sentiment in the crypto sector, analysts said....

Zora token rallies after Base App integrates its content tokenization tech
The Base App leverages Zora and Farcaster infrastructure to allow users to create and trade tokens tied to social media posts....

Bitcoin steady near $118,500, ether extends above $3,700; analyst says broader alt season ‘uncertain’
Bitcoin and ether both benefit from the growing trend of firms incorporating the cryptocurrencies into their treasuries, analysts said....

Jack Dorsey’s Bitcoin-centric Block Inc to join S&P 500 this week
Block's Bitkey unit is a simple self-custody wallet built for bitcoin, while Proto is a suite of bitcoin mining products and services....

Weekly NFT trade volume hits six-month high, led by Ethereum projects
NFT trade volume on Ethereum has more than tripled over the past two weeks, coinciding with ETH's rise in price. ...

Vitalik Buterin touts ‘safe’ scaling as Ethereum gas limit ticks up
Calls to "pump the gas" have borne fruit as Ethereum increases the amount of processing power each block can handle. ...

UK Home Office working towards sale of $7 billion seized BTC stockpile: The Telegraph
The UK has not disclosed the value of its seized crypto stockpile, but the stash contains at least 61,000 BTC from a single 2018 raid. ...

El Salvador hasn’t bought Bitcoin since February, finance chiefs tell IMF, contradicting Bukele administration
President Bukele's Bitcoin Office claims it buys one BTC per day, but the IMF says the government is merely consolidating BTC from different wallets. ...