Ostium pauses trading after apparent $18 million vault exploit
Onchain data shows the Ostium attacker dispersing the stolen funds across multiple wallets after converting USDC into ETH.
The Block•Kyle Baird15 JulThe Block — page 39
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page 39 of 61The Block•Kyle Baird15 Jul
William Blair cuts Coinbase forecasts but says crypto downturn nearing a bottom
William Blair expects Coinbase's earnings to bottom in the second half of 2026 before rebounding next year.
The Block•Kyle Baird15 Jul
Stani Kulechov on Aave V4, Avalanche, and why RWAs will hit $100 billion this year
Aave Labs founder Stani Kulechov on V4's Avalanche debut, disrupting prime brokers, and why RWAs will double to $100 billion by December.
The Block•Jordan Leech15 Jul
DTCC begins first tokenized stock and Treasury production trades involving JPMorgan, BlackRock and Goldman: WSJ
JPMorgan will tokenize part of its Invesco QQQ Trust holdings held at DTCC, while Microsoft, Circle, and SPY shares will also be tokenized.
The Block•James Hunt15 Jul
Core Scientific’s 75% return on AI deal isn’t the template for bitcoin miners, Bernstein says
Bernstein pegs TeraWulf at 5% and Cipher at 4% stabilized ROA, calling Core Scientific's 75% figure a capex-advantaged outlier.
The Block•Naga Avan-Nomayo15 Jul
Tokenization startup Tradable plans to bring $1 billion worth of private credit assets to Stellar
Stellar has become a top choice for institutional tokenization, including from the likes of Franklin Templeton and WisdomTree.
The Block•Daniel Kuhn15 Jul
Bitmine says ETH staking generated $45.7 million, accounting for 98% of quarterly revenue
Bitmine generated $45.7 million from Ethereum staking, which accounted for 98% of quarterly revenue as the company expanded MAVAN.
The Block•Brian Danga15 Jul
How Crypto Venues Are Building Financial Operating Systems: Binance as a Super App
From Trading Venue to Financial Operating System Across crypto’s largest venues, the fundamentals of execution, including pricing, depth, latency, and fees, are converging. These remain critical to the business and a precondition for competing at scale, but as they standardize across the top platforms, they become harder to differentiate on. Alongside them, ecosystem breadth is […]
The Block•The Block Research15 Jul
Circle suspended Tether-backed fund over market manipulation concerns, arbitration filings show
Circle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund.
The Block•Naga Avan-Nomayo15 Jul
Czech Republic moves to block Polymarket over unlicensed gambling
The Czech Republic moved to block Polymarket, joining other European jurisdictions targeting prediction markets over unlicensed gambling.
The Block•Brian Danga15 Jul
Japan passes key bill recognizing crypto as financial product, lowering tax rate
The amendments establish the basis for separate crypto taxation at a rate of approximately 20%, down from the current maximum 55% rate.
The Block•Danny Park15 Jul
US Treasury freezes over $130 million tied to Iran-linked crypto wallets
Treasury Secretary Scott Bessent says OFAC sanctioned multiple Iran-linked crypto wallets, freezing over $130 million.
The Block•Brian Danga15 Jul
South Korea to bring crypto under new state asset management law
The Ministry of Finance and Economy said it will establish the 'National Asset Basic Act' to update the government's asset management system.
The Block•Danny Park15 Jul
TeraWulf falls 7% after New York orders one-year pause on new data center permits
TeraWulf said that its data centers in New York remain operational and that its ongoing development plans are unaffected.
The Block•Timmy Shen15 Jul
How Asset Managers Are Investing in Crypto
Asset managers invest in crypto mainly through regulated products: spot ETFs, digital asset funds, tokenized funds, qualified custodians, and blockchain company equity. Most invest on behalf of clients rather than for their own accounts. Their aim is to deliver digital asset exposure inside the brokerage, retirement, and advisory structures clients already use, with the custody, […]
The Block•The Block Research15 Jul
Bitcoin vs Gold as a Reserve Asset
A reserve asset is something an institution or government holds to preserve value, provide liquidity, and act as a store of wealth outside its day-to-day operating currency. Bitcoin and gold are both treated as reserve assets because each is scarce, hard to counterfeit, and independent of any single company’s performance. Gold has filled that role […]
The Block•The Block Research15 Jul
Ark Invest adds $14 million in Circle shares while selling Robinhood
Ark Invest bought $14 million worth of Circle and $1.5 million worth of Block Inc., while selling $3.2 million worth of Robinhood.
The Block•Danny Park15 Jul
Ethereum Foundation privacy team spins out as for-profit EthSystems to serve institutions with Lubin, Bitmine backing
The startup will build tech and provide consulting to help institutions operate on Ethereum while maintaining confidentiality.
The Block•Daniel Kuhn14 Jul
CFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators
Jurisdiction over prediction market platforms is an ongoing dispute between the CFTC and multiple state regulators.
The Block•RT Watson14 Jul
US-UK transatlantic taskforce unveils digital asset roadmap promoting stablecoin innovation
The U.S. and UK are deepening cooperation on digital assets, particularly for stablecoins and tokenized assets.
The Block•Sarah Wynn14 Jul