Ethereum, Solana and Avalanche get busier and cheaper even as token prices fall: Bitwise
Although activity rose, revenues declined and ETH, SOL and AVAX are all down over 50% when compared to a year ago.
The Block•RT Watson27 JulThe Block — page 31
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page 31 of 61The Block•RT Watson27 Jul
Securitize expands regulated platform with SEC adviser license
This will enable Securitize to work more closely with asset managers and institutional investors on tokenized investment strategies.
The Block•Daniel Kuhn27 Jul
TD Cowen cuts David Bailey’s Nakamoto target 58% after bitcoin outlook reset
The firm updated its valuation for David Bailey-led Nakamoto, citing pressure from BTC's decline on the company's capital structure.
The Block•Kyle Baird27 Jul
Ondo launches new execution network, calling it ‘evolution’ of Ondo Chain
CEO Ian De Bode said the Ondo Network is the "evolution" of the company's earlier Ondo Chain initiative and now underpins Ondo Perps.
The Block•Yogita Khatri27 Jul
Metaplanet’s brokerage deal ‘badly undersells’ plans for bitcoin-backed ‘Bitbonds,’ Benchmark says
Metaplanet envisions launching 4% to 6% bitcoin-backed bonds before eventually moving them on-chain with stablecoin settlement.
The Block•Kyle Baird27 Jul
Lido begins consolidating $16 billion worth of staked ETH as Curated Module v2 rolls out
Ethereum staking protocol Lido has begun consolidating more than 8 million ETH onto Ethereum’s larger post-Pectra 0x02 validators.
The Block•Daniel Kuhn27 Jul
Bitmine adds nearly 10,000 ETH while repurchasing 6.1 million common shares
The company has repurchased 11.6 million shares of common stock as part of its $4 billion share repurchase program.
The Block•RT Watson27 Jul
IBM portfolio acquisition makes Circle the largest US blockchain patent holder
Circle acquired IBM's blockchain patent portfolio of 680+ patent families and nearly 1,000 issued patents.
The Block•Naga Avan-Nomayo27 Jul
Benchmark reiterates $570 Strategy target, says cash reserve strengthens bitcoin acquisition plan
Benchmark reiterated its $570 Strategy target, citing disciplined capital allocation, growing cash reserves and continued long-term BTC plan.
The Block•Brian Danga27 Jul
Strategy extends bitcoin pause to five weeks, sells $544.5 million in MSTR as USD reserve hits $3.75 billion
Strategy bought no bitcoin for a fifth straight week, while raising its USD reserve to $3.75 billion and selling $544.5M in MSTR.
The Block•Naga Avan-Nomayo27 Jul
Kraken parent Payward acquires Magic Labs’ embedded wallet business
Magic Labs is selling its wallet business to Payward and rebranding as Newton Labs to focus on onchain finance infrastructure.
The Block•Brian Danga27 Jul
STORJ token falls 20% as decentralized storage firm files for Chapter 11 bankruptcy amid crypto shutdown wave
STORJ dropped 19% to $0.06 after Storj Labs filed voluntary Chapter 11 on July 26 to resolve legacy liabilities.
The Block•Naga Avan-Nomayo27 Jul
SparkKitty malware hidden in mobile apps scans photos for crypto wallet seed phrases
Check Point detailed SparkKitty, malware hidden in mobile apps that scans photos to steal cryptocurrency wallet recovery phrases.
The Block•Brian Danga27 Jul
South Korea’s KB Kookmin Bank to launch cross-border payment service on JPMorgan’s Kinexys: report
The largest bank in South Korea plans to launch a blockchain-based cross-border corporate payments service next month, according to Yonhap.
The Block•Timmy Shen27 Jul
The Funding: Are crypto vaults funds and curators fund managers?
The SEC's Hester Peirce says some of them may be — which could mean registration. Here's what that means, and what comes next.
The Block•Yogita Khatri27 Jul
Triple-A hot wallet losses climb to $11.8 million as new deposits keep being swept: report
Triple-A said it is investigating and that customer funds are not affected, though it has not fully addressed the incident publicly.
The Block•Zack Abrams26 Jul
Michael Saylor teases ‘another color’ after four straight weeks without a Strategy bitcoin buy
Strategy holds 843,775 BTC at an average cost of $75,476, leaving the position roughly $9.3 billion underwater with bitcoin near $64,600.
The Block•Zack Abrams26 Jul
BitMart to wind down trading platform as global CEO says he was not consulted
BitMart's global CEO said the firm told him on July 24 that his employment was ending and that he learned of the closure when it went public.
The Block•Zack Abrams26 Jul
EU adds HTX to Russia sanctions list, barring transactions starting Aug. 23
Other crypto platforms listed alongside HTX include EXMO, Rapira, BitPapa, Aifory Pro, WhiteBird, NoOnecrypto and Exnode.
The Block•Zack Abrams25 Jul
Robinhood in talks to add Crypto.com prediction markets as Kalshi rivalry grows: WSJ
A deal would let Robinhood customers trade yes-or-no contracts offered through Crypto.com’s derivatives business, though no deal has yet been reached.
The Block•Zack Abrams25 Jul