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The Block

The first and final word in digital assets
FTX estate adds Payoneer as third distributor alongside Kraken and BitGo
Last month, FTX processed its second distribution of over $5 billion to former customers of the bankrupt exchange....
XRP Ledger devs plan sidechain launch in Q2 for Ethereum compatibility
XRP Ledger plans to launch an EVM sidechain in the second quarter of this year to gain Ethereum compatibility....
Ethereum derivatives top bitcoin with $110B daily volume as US ETFs, DeFi fuel momentum
Analysts say continued inflows into spot ETH ETFs, renewed interest in DeFi and positive comments from the SEC elevated ether's position....
Peter Thiel-backed crypto exchange Bullish files for US IPO: FT
The crypto exchange that owns CoinDesk has filed an initial public offering in the U.S., the Financial Times reported....
Connecticut enacts law banning state crypto reserves, investments
Connecticut's new law prohibits all levels of government within the state from holding or investing in crypto assets....
Bitcoin miner IREN unveils proposed $450 million convertible notes offering
A part of the proceeds would be used to enter capped call transactions and prepaid forward transactions, the company said....
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
Lawmakers questioning the nominee appeared to believe the CFTC will need more resources if asked to regulate crypto more....
Solana ETFs could see approval in four months as SEC requests updated filings: report
Though it's still uncertain when spot Solana ETFs would be approved, Bloomberg senior ETF analyst Eric Balchunas estimated they could be approved within two to four months. ...
Leading DEX aggregator 1inch unveils new ‘Pathfinder’ algorithm for improved swap rates
1inch Labs claims to have reduced latency through an upgraded price route discovery algorithm called Pathfinder....
The Daily: Uphold explores IPO after Circle success, Guggenheim taps XRP Ledger in RWA push, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....
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