The Block

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The Block

The first and final word in digital assets

Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, nearly 1/3 of its total revenues
Block’s bitcoin revenue accounted for about $1.97 billion of its total revenue, down from $2.4 billion during the same quarter last year....

Elixir sunsets deUSD synthetic stablecoin following Stream Finance unwinding, aims for full redemptions
Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances for future USDC redemptions....

Robot Ventures leads $5.2 million seed round for Sprinter, a ‘solving-as-a-service’ startup founded by Ethereum OGs
Sprinter is a crosschain “solving-as-a-service” infrastructure startup that provides access to collateral-free credit....

Samourai Wallet’s Keonne Rodriguez sentenced to maximum five-year term over crypto mixing service
Samourai Wallet co-founder Keonne Rodriguez was sentenced to five years in prison and ordered to pay a quarter-million dollar fine on Thursday. ...

Google Finance to roll out Polymarket and Kalshi prediction markets data in search results
Google said prediction markets data from leading platforms Polymarket and Kalshi will roll out over the coming weeks....

Robinhood cautious on adopting corporate bitcoin treasury: ‘Is it the best use of our capital?’
Robinhood’s crypto revenue rose 300% to $268 million in the third quarter, helping drive higher overall revenues of $1.27 billion....

Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation
USDX, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns of potential defaults....

Central Bank of Ireland fines Coinbase Europe $25 million for breaching anti-money laundering monitoring obligations
The bank said more than 30 million transactions were not properly monitored, which led to 2,708 late suspicious transaction reports....

Cross-chain trading app Fomo raises $17 million in round led by Benchmark
Fomo said with its app users can maintain one balance across multiple chains and don't have to worry about bridges or gas fees....