Bitcoin hovers near $77,000 as global bond selloff tests post-rally resilience
Bitcoin hovers near $77,000 as global bond yields surge and renewed U.S.-Iran tensions push oil prices higher.
The Block•James Hunt2 SeptThe Block — page 8
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page 8 of 61The Block•James Hunt2 Sept
G20 finance leaders vow to establish ‘clear pathways’ for digital assets innovation
The G20 officials acknowledged that digital assets can support economic growth and private sector innovation.
The Block•Danny Park2 Sept
Kalshi and Polymarket’s combined volume falls 15% in August, first monthly decline in a year
Kalshi recorded $37.17 billion in volume in August, while Polymarket and its US platform saw a combined $8.16 billion.
The Block•Timmy Shen2 Sept
Hyperliquid Strategies expands equity facility to $2.5 billion from $1 billion
As of June 30, Hyperliquid Strategies has sold around $647 million worth of shares, according to its recent filings.
The Block•Danny Park2 Sept
Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules
Test memecoin purchases were coded as "digital media" rather than crypto, earning credit card points despite card network restrictions.
The Block•Zack Abrams1 Sept
Crypto treasury companies hit $340 billion market cap as altcoin DATs outperform
Cumulative market capitalization for these companies is up 10% since mid-August and hovers around $340 billion.
The Block•Ivan Wu and Bryan Samsoedin1 Sept
SEC seeks to update its 1970s-era transfer agent rules for the blockchain age
The SEC is seeking to update its rules for transfer agents to keep pace with new technology, including blockchain and tokenization.
The Block•Sarah Wynn1 Sept
Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss
Cango scaled back its mining fleet in the second quarter as revenue fell and the company focused on efficiency.
The Block•Kyle Baird1 Sept
Bitcoin and gold move in lockstep as debasement trade gains more steam
Bitcoin's 90-day Pearson correlation coefficient with gold hits all-time high while the Fear and Greed Index sits at 68.
The Block•Ivan Wu and Bryan Samsoedin1 SeptSilhouette debuts RFQ trading for xStocks on Hyperliquid
Silhouette launched RFQ trading for xStocks on Hyperliquid, allowing market makers to compete for tokenized equity trades settled onchain.
The Block•Brian Danga1 Sept
Ethena launches Ethena Pay app on Avalanche, offering up to 6% yield and 10% cashback
Ethena Labs has launched the beta of Ethena Pay, a new self-custodial money app built on Avalanche, across 48 countries.
The Block•Yogita Khatri1 Sept
Bitcoin defies oil price spike and rising Fed hike bets after best August since 2017
Bitcoin has held up despite higher oil prices and growing expectations for a September Fed rate hike, with Friday's jobs report next in focus.
The Block•James Hunt1 Sept
Binance adds options on 1,000 US stocks and ETFs as monthly TradFi perpetual volume hits $433 billion
TradFi perpetual futures volume reached approximately $433.4 billion on Binance in August, up roughly 15 times since January.
The Block•James Hunt1 Sept
Kraken parent Payward to tokenize 100 London-listed stocks, with LSE 24 trading planned
Payward will tokenize 100 London-listed stocks as xStocks, with LSE 24 to support trading, subject to regulatory approval.
The Block•Brian Danga1 Sept
Strategy hits back at MSCI proposal, calling it ‘discriminatory’ against DATs
MSCI opened a new consultation targeting companies that have operating assets lower than 50% of its total assets.
The Block•Danny Park1 Sept
Ark Invest buys $37 million worth of shares in Jack Dorsey’s Block Inc
Last month, Ark had purchased a bulk of Block shares after its second-quarter results that raised its full-year profit forecast to $12.5 billion
The Block•Danny Park1 Sept
DeFi Development Corp proposes $20 million preferred stock offering to buy more SOL
The Nasdaq-listed company intends to use the proceeds to acquire more Solana and crypto-related investments.
The Block•Timmy Shen1 Sept
Robinhood Chain hits record $989 million in daily DEX volume as TVL grows
Robinhood Chain DEX volume hit a record in the month of August as utility tokens gain ground on memecoins.
The Block•Ivan Wu and Bryan Samsoedin31 Aug
Solana fees hit record as validators double pace of inflation cuts
Less new supply of SOL will reach the market every year, which also means validators will earn less for the same amount of work.
The Block•Ivan Wu and Bryan Samsoedin31 Aug
Hyperliquid seeks US foothold through Kraken parent Payward in crypto perpetuals deal: Bloomberg
Payward has reportedly presented the CFTC with an outline of the proposed structure, though regulatory approval is still pending.
The Block•Kyle Baird and Sarah Wynn31 Aug