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The Block

The first and final word in digital assets

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Axiom exchange hits $100 million in revenue just four months after launch
Two 22-year-old recent college grads founded the exchange, which has become likely the fastest startup in history to reach $100 million in revenue. ...

Hyperliquid whale turns bearish, flipping $1 billion BTC position from long to short
The trader took a $17 million hit to his overall profits after closing the long, one of the largest on-chain bets in crypto history. ...

U.S. judge overturns fraud convictions of Mango Markets exploiter Eisenberg, determining improper venue
The judge also ruled that since Mango Markets had no explicit rules around borrowing, Eisenberg's actions could not be considered misrepresentations. ...

Spot bitcoin ETFs log highest volume week of 2025 as BlackRock’s IBIT reaches 30-day streak
The funds recorded their second-best week for inflows since the ETFs began trading in early 2024, data shows. ...

Crypto investor charged in ‘sadistic’ kidnap, torture of Italian tourist in NYC: Reports
The prime suspect once led a security audit for a privacy-focused cryptocurrency called Grin, noting the loss of privacy could endanger users' safety. ...

Polygon co-founder Mihailo Bjelic steps down, marking third founder exit
Polygon founder Mihailo Bjelic is stepping back from the project he helped create, according to an announcement on Friday. ...

WalletConnect token expands to Solana with 5 million WCT set for airdrop
The WalletConnect Foundation will airdrop 5 million WCT to active Solana users via partners like Phantom, Jupiter, Backpack and Solflare....

Lamar Odom, Justin Sun party at Trump’s memecoin gala as lawmakers blast ‘selling access’
While many attendees at President Donald Trump's memecoin gala remained unknown to the public, a few high-profile guests made appearances....

The Daily: Major US banks in talks over joint stablecoin venture, BTC and ETH ETFs see highest combined daily inflows since January, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Kalshi now accepts Solana after adding support for Bitcoin, USDC, and WLD
Crypto deposits on Kalshi give a user faster funding and a higher deposit limit of $500,000, the company says. ...