The Block

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The Block

The first and final word in digital assets

Tether to make $775 million ‘strategic investment’ in Rumble, shares rally 44.6%
Last month, the YouTube alternative announced it would allocate up to $20 million of its excess cash reserves to bitcoin....

‘Hawk Tuah Girl’ Haliey Welch responds for first time in weeks following HAWK memecoin lawsuit
Twelve investors filed a lawsuit against Welch's team on Dec. 19, alleging the HAWK memecoin launch violated securities laws. ...

CRV and CVX lead DeFi token index sharply higher as market awaits pro-crypto administration
Donald Trump’s victory in the U.S. presidential election appears to be the primary driver behind DeFi protocols' notable outperformance....

The Daily: US Bitcoin ETFs witness record outflows, SEC approves first spot Bitcoin and Ethereum combo funds and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

CoinDesk staffers wrote letter to Bullish calling Justin Sun retraction ‘outrageous’ ahead of leadership firings
CoinDesk’s parent company Bullish fired three senior editorial staffers, including Editor-in-Chief Kevin Reynolds, after the letter was written....

Deribit, Bitget CEOs debate how decentralized and centralized exchanges can coexist
Decentralized exchanges are growing, but can they coexist with centralized exchanges and other distribution platforms?...

Ethereum ETFs surge in December as inflows hit $1.66 billion, dominated by BlackRock’s ETHA
Total assets under management across all Ethereum ETF products currently stand at approximately $11 billion....

Crypto market downturn continues since Fed’s hawkish 2025 rate cut signals
The cryptocurrency market has continued to trend downwards following the Fed's hawkish signals of slower pace of rate cuts in 2025....

SEC approves first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton
The funds will hold bitcoin and ether on a market cap-weighted basis. Other cryptocurrencies could be added pending regulatory approval....