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The Block

The first and final word in digital assets
Solana-based decentralized lending protocol Kamino integrates tokenized xStocks as a collateral option
Kamino said it is now "the first major borrow/lend protocol in DeFi to onboard tokenized equities as collateral, marking a major milestone for DeFi."...
Hungary introduces strict crypto restrictions, including penalties for unlicensed-exchange users
Hungary’s new law makes using unlicensed crypto exchanges a felony punishable by up to five years in prison and up to eight years for operators....
Strategy resumes bitcoin buys, acquires 4,225 BTC for $472.5 million as total holdings surpass 600,000 BTC
Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $73 billion....
Binance unveils Pump.fun-style bonding curve token launch mechanism for Wallet users
The TGE format lets Binance Wallet users trade tokens with prices that rise as demand grows, with the first project reveal set for July 15....
Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury
Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens and $305 million in cash at closing of the deal....
Decentralized lender Aave surpasses $50 billion in net deposits
Aave’s total net deposits topped $50 billion as founder Stani Kulechov sees more TradFi players adopting DeFi lending tech....
Crypto investment products log second-largest weekly inflows of $3.7 billion amid bitcoin all-time high rally: CoinShares
Global crypto investment products added another $3.7 billion to a net inflow streak that has now reached 13 consecutive weeks....
Bhutan moves over $62 million in bitcoin to Binance in past four days of BTC rally: Arkham
Bhutan was previously seen moving around its bitcoin at times of market rally, possibly selling off the cryptocurrency for profit....
Bitcoin becomes world’s fifth-largest asset by market cap, surpassing Amazon as price hits $122,000
Bitcoin's rally is boosted by institutional inflows, legislative momentum in the U.S. and heightened macro liquidity, one analyst said....
Metaplanet buys additional 797 BTC for nearly $94 million as bitcoin extends all-time high rally
Bitcoin has repeatedly hit new all-time highs over the past week and is currently trading at $120,754 at the time of writing....
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