US Senate passes housing supply bill featuring CBDC ban in 85-5 vote
The housing supply bill seeks to ban the issuance of a CBDC or any similar digital asset until the end of 2030.
The Block•Danny Park23 JunThe Block — page 54
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Coverage, page 54
page 54 of 61The Block•Danny Park23 Jun
Trump signs executive orders setting 2031 deadline for post-quantum migration
One order mandated that all federal high-value assets and systems transition to Post-Quantum Cryptography by the end of 2031.
The Block•Danny Park23 Jun
Ark Invest buys $32 million worth of SpaceX shares as stock plunges 16%
SPCX fell 16.43% to close at $154.60 on Monday, erasing most of the gains recorded since its June 12 debut.
The Block•Timmy Shen23 Jun
TurboFlow, aiming to be the ‘Kalshi of APAC,’ raises $6 million seed led by Pantera Capital
The platform offers prediction markets and perpetual futures and aims to be a localized alternative to Kalshi and Polymarket for Asian users.
The Block•Yogita Khatri23 Jun
Solana treasury firm Solmate’s largest stakeholder sues board for self-dealing, fiduciary breaches
Board members Ron Sade and Keren Maimon personally bought about 2.298 million SLMT shares at $4.97, diluting shareholders ~20%.
The Block•Daniel Kuhn22 Jun
Bitmine, SharpLink and Joe Lubin back Ethlabs nonprofit to advance Ethereum’s ‘next phase’ of growth
Ethlabs, backed by Joe Lubin and the two largest ETH DATs, Bitmine and SharpLink, will focus on institutional adoption.
The Block•RT Watson22 Jun
MoonPay expands into back-office financial operations with AI accounting startup Entendre acquisition
MoonPay has made at least four other acquisitions this year as it works to expand via MoonPay Trade and MoonPay Institutional.
The Block•Daniel Kuhn22 Jun
Securitize asks court to reject tZERO’s ‘meritless’ tokenization patent allegations
Securitize alleged that tZERO's actions are "nothing more than the culmination" of shareholder pressure to capitalize on the patents.
The Block•Kyle Baird22 Jun
HIVE stock surges 25% as Ivy League researchers train neural networks on Paraguay GPUs
The research was submitted to NeurIPS, one of AI's leading academic conferences, to be held later this year.
The Block•Kyle Baird22 Jun
Intercontinental Exchange, OKX expand access to tokenized equities via joint venture co-chaired by former Gov. Cuomo
The new joint venture will enable OKX customers in the U.S. and internationally to access ICE futures and NYSE tokenized equities markets.
The Block•Daniel Kuhn22 Jun
Crypto industry groups urge Congress to pass tax staking and mining bill unchanged
Crypto advocacy groups are urging Congress to pass a tax bill, saying the measure would provide clarity on mining and staking rewards.
The Block•Sarah Wynn22 Jun
Bitcoin treasury Strive’s shares jump as company’s holdings near 20,000 BTC
The bitcoin treasury company founded by Vivek Ramaswamy saw its shares jump about 10% in early trading Monday.
The Block•RT Watson22 Jun
Tom Lee says ‘best years for crypto remain ahead’ as Bitmine buys another 52,203 ETH
Bitmine added 52,203 ETH, lifting holdings to 5.67 million ETH as Tom Lee reiterated long-term crypto optimism outlook.
The Block•Brian Danga22 Jun
Tokenized RWA market cap rises 40% to top $51 billion as industry races to define equity tokenization model: Bernstein
Tokenized RWA market cap tops $51 billion as equity tokenization grows 130% and firms race to define the winning business model.
The Block•Naga Avan-Nomayo22 Jun
Benchmark reiterates $570 target on Strategy after STRC selloff, says preferred stock is ‘not a stablecoin’
Benchmark said STRC's drop below $83 was a leverage flush, not a "depeg," and reiterated its $570 target on Strategy.
The Block•Brian Danga22 Jun
Crypto trading app Fomo raises $75 million at $550 million valuation in Index Ventures-led Series B
Fomo raised a $75 million Series B round at a $550 million valuation led by Index Ventures, with participation from USV and others.
The Block•Naga Avan-Nomayo22 JunMoneyGram becomes Solana validator, expands blockchain payments strategy
Solana is now the third blockchain where MoneyGram operates an official validator, alongside Tempo and the Midnight Network.
The Block•Yogita Khatri22 Jun
Michael Saylor’s Strategy buys another 520 BTC for $35 million, adds to USD reserve despite STRC slide
Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $55 billion.
The Block•James Hunt22 Jun
‘Between supportive and restrictive forces’: Bitcoin stalls near $64,000 as Fed rate-hike risk overshadows Iran ceasefire relief
Bitcoin holds near $64,000 as six weeks of ETF outflows, and a hawkish Fed overshadow the U.S.-Iran peace deal.
The Block•Naga Avan-Nomayo22 Jun
Bank of England drops proposed holding caps for sterling stablecoins, sets £40 billion issuance guardrail
The Bank of England proposed a £40 billion systemic stablecoin issuance guardrail and revised backing assets, targeting a 2027 launch.
The Block•Brian Danga22 Jun