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The Block

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Clanker founder rejects Rainbow’s offer to acquire Base token launchpad
Crypto wallet provider Rainbow had proposed acquiring Clanker by offering 4% of its upcoming RNBW token supply....

UXLINK suffers exploit as hacker seizes admin rights to mint tokens and drain millions
UXLINK identified a security breach involving its multi-signature wallet, resulting in crypto being illicitly transferred to CEXs and DEXs....

White House eyes year-end finish line for sweeping crypto market structure bill
Witt said the council is working with the House and the Senate to get the bill on U.S. President Trump's desk as soon as possible....

CleanSpark secures $100 million in Bitcoin-backed financing from Coinbase Prime
The company plans to use the added funding to expand its energy infrastructure and scale mining operations....

World Liberty Financial to launch debit card ‘very soon,’ co-founder Zak Folkman says
Meanwhile, Folkman said that the project will 'never' launch its own chain, as it does not align with its core values....

SOL Strategies CEO Leah Wald, who led transition into a Solana holding company, to step down
Leah Wald is stepping down after joining the firm in July 2024 and leading its transition to become one of the first Solana treasury firms....

Bakkt stock jumps over 40% after naming crypto vet Mike Alfred to board
Alfred is well known across the digital assets sector as founder and managing partner of Alpine Fox and co-founder of Digital Assets Data....

Rainbow plans to launch RNBW token for non-custodial crypto wallet in Q4
On Monday, Rainbow said it plans to introduce a native RNBW token into its non-custodial crypto wallet by the end of the year....

The Daily: Crypto sees over $1B in liquidations in under an hour, mXRP launches with up to 8% yield, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Pantera-backed Helius Medical purchases over 760,190 SOL, kicking off $500 million DAT strategy
Earlier this month, Helius Medical Technologies soared 250% on a $500 million SOL treasury raise led by Pantera and Summer Capital....