South Korean police arrest 23 individuals in $11 million USDT laundering case: report
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.
The Block•Danny Park16 JunThe Block — page 60
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Coverage, page 60
page 60 of 61The Block•Danny Park16 Jun
Spot HYPE ETFs near $900 million in volume as early demand signals institutional interest
Volume across the three products has been uneven, with BHYP and THYP accounting for the bulk of activity while HYPG continues to ramp.
The Block•Ivan Wu and Bryan Samsoedin15 Jun
SpaceX IPO fuels $1.4 billion trading frenzy on Hyperliquid as SPCX perp becomes HIP-3’s biggest market
Stock-linked HIP-3 markets have generated more than $18.8 billion in volume so far this month, eclipsing crude oil and Brent perps combined.
The Block•Ivan Wu and Bryan Samsoedin15 Jun
Bitcoin Policy UK CEO calls Michael Saylor’s STRC investment promotion ‘dishonest’
"Saylor put out a video talking about his yield with STRC...it was making it out that there is no risk involved," says Ward.
The Block•RT Watson15 Jun
Standard Chartered says Uniswap’s UNI token could surge 40x to $100 by 2030
Standard Chartered Bank has initiated coverage of Uniswap and forecasts its UNI token could rise 40x to $100 by the end of 2030.
The Block•Yogita Khatri15 Jun
‘There’s room for win-win outcomes’: Largest Solana treasury firm Forward looks to acquire smaller SOL DATs
Forward Industries is offering to acquire Solana DAT competitors at a premium as their mNAVs slip along with the declining price of SOL.
The Block•Daniel Kuhn15 Jun
IREN enters Europe with acquisition of Spanish AI data center developer Nostrum
IREN now has AI infrastructure projects in the works across multiple continents as it expands beyond bitcoin mining.
The Block•Kyle Baird15 Jun
Strategy supporters rebut ‘death spiral’ fears as bitcoin price wobbles
"The death-spiral story assumes that Strategy is one bad week from selling bitcoins, and it skips several steps to get there," said Benchmark.
The Block•RT Watson15 Jun
Benchmark says SEC’s NMS proposal is the ‘most consequential’ US crypto rule this year
Benchmark said the SEC's proposal last week to rescind Rules 611 and 610(e) is the year's "most consequential" U.S. crypto rule.
The Block•Brian Danga15 Jun
‘Let’s just put it in an ETF’ is the worst outcome for bitcoin, says Trezor exec
Trezor Chief Commercial Officer Danny Sanders said simplifying self-custody remains one of bitcoin's biggest onboarding challenges.
The Block•Kyle Baird15 Jun
Kraken launches crypto perps trading in the US on Kraken Pro
Kraken completed its acquisition of the fully CFTC-licensed exchange, clearinghouse, and brokerage Bitnomial in May.
The Block•Daniel Kuhn15 Jun
Tom Lee sees ‘early stages of crypto spring’ as Bitmine buys another 76,881 ETH
Bitmine boosted ETH holdings to 5.62 million tokens, or 4.66% of supply, as Tom Lee cites "early stages of crypto spring."
The Block•Brian Danga15 Jun
Strive CIO says prolonged bitcoin weakness could drive treasury firm consolidation
Ben Werkman said prolonged bitcoin weakness could increase pressure on treasury companies that relied heavily on convertible debt financing.
The Block•James Hunt15 Jun
Paradigm leads $9 million round in LatAm payments app El Dorado
El Dorado was founded in 2022 by Latin American immigrants with firsthand experience dealing with cross-border payments.
The Block•RT Watson15 Jun
‘Still adding dots’: Michael Saylor’s Strategy buys another 1,587 bitcoin for $100 million as total holdings reach 846,842 BTC
Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $56 billion.
The Block•James Hunt15 Jun
Bernstein says Robinhood could see ‘strong tailwinds’ as World Cup drives record prediction market volumes
Bernstein projects Robinhood’s prediction market revenue to increase from $150 million in 2025 to $586 million in 2026.
The Block•Brian Danga15 Jun
Bitcoin tops $65,000 as reports of US-Iran peace deal ease geopolitical fears
The rally reflected improving risk sentiment following reports that the U.S. and Iran have reached a peace agreement, analysts said.
The Block•Timmy Shen15 Jun
The Funding: Is the bitcoin bottom in? Crypto funds weigh in
Crypto funds share their outlook on bitcoin, the biggest risks ahead, and where they see the best risk-reward opportunities today.
The Block•Yogita Khatri15 Jun
Zimbabwe moves to regulate crypto sector, requiring firms to register with central bank: Reuters
Registration costs an initial $500 with renewal costing $400 a year, and operating without registration is now an offense, according to Reuters.
The Block•Zack Abrams14 Jun
Bitcoin mining difficulty drops 10% in second-largest negative adjustment of 2026
The cut hands surviving miners roughly 11% more bitcoin per unit of active hashrate, but all-in production economics remain underwater at current prices.
The Block•Zack Abrams14 Jun