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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Singapore-based Morph has been developing a Layer 2 network using a combination of optimistic and zero-knowledge rollup technologies.
The acquisition specifically focuses on seed phrase management, though the value of the deal was not disclosed.
The largest crypto loss in May came from Cetus Protocol, which lost an about $225 million, although the protocol recovered $162 million from Sui validators.
Circle has upsized its plans for an initial public offering, and will now sell 32 million shares of Class A common stock for between $27 and $28.
Following the transaction, Consensys CEO and co-founder Joseph Lubin has joined SharpLink's board of directors as chairman.
U.K.-listed investment company IG Group has tapped Uphold's infrastructure to power retail crypto trading, the first publicly traded company to do so.
Below is a summarized version of The Block Research’s Billions to Trillions: Stablecoin Use-cases Poised to Expand the Market report. The full PDF version of this report is accessible here. The interconnected global financial system is undergoing a fundamental transformation. Stablecoins, once limited to facilitating crypto trading, have evolved into a versatile medium for value […]
The company's holdings now total around 2.8% of the total 21 million bitcoin supply — worth over $60 billion.
The usually dominant global Bitcoin-based funds slumped to $8 million in net outflows as a 34-day streak for BlackRock's IBIT came to an end.