The Block

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The Block

The first and final word in digital assets

Pump.fun token trades at a premium in pre-market as whales appear to hedge before ICO
Traders are seemingly hedging their bets on Pump.fun's upcoming ICO by shorting the token on Hyperliquid and Binance....

Crypto miner BIT Mining pivots to Solana with plan to raise up to $300 million for SOL treasury
The firm is the latest in a plethora of new crypto treasury companies, including two other miners-turned-Ethereum acquisition companies....

Snoop Dogg sells digital collectibles on Telegram for $12 million, CEO says
It's not the famous rapper's first foray into the industry, having been actively involved in NFTs and crypto for over a decade....

Jack Ma-backed Ant International plans to add USDC stablecoin to its blockchain after regulatory green light: Bloomberg
Ant International will add Circle’s USDC to its network after U.S. compliance clears, positioning the stablecoin inside a $1 trillion+ payments ecosystem....

Australia’s central bank advances Project Acacia to test CBDCs, tokenized asset settlement
The Reserve Bank of Australia announced a new round of pilot participants for the next stage of Project Acacia....

Bank of Korea governor warns of ‘currency chaos’ from non-bank issuance of KRW stablecoins
BOK Governor Lee said letting non-banks issue stablecoins could disrupt foreign currency exchange policies and the local banking sector....

Spot bitcoin ETFs surpass $50 billion in cumulative net inflows amid institutional demand surge
The $50 billion mark in cumulative net inflows is a defining moment for bitcoin's institutionalization, one analyst commented....

Trump’s Truth Social teases ‘utility token’ tied to user engagement with streaming subscription
This comes after Trump Media said in April that it is exploring the possibility of a utility token within a Truth digital wallet....

Chinese creditors push back against FTX’s motion to forfeit payouts in restricted jurisdictions
FTX has identified $800 million in creditor claims across 49 potentially restricted nations, with China accounting for 82%....

CZ’s YZi Labs supports 10X Capital in launch of BNB treasury company targeting IPO
The move follows several other firms turning to the stockpiling of different cryptocurrencies as their prime function....