The Block

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The Block

The first and final word in digital assets

Developer ports Tornado Cash to MegaETH testnet as Treasury Department lifts sanctions against main protocol
The developer said no changes in the original Tornado Cash code were needed in order to port the protocol to the MegaETH testnet. ...

CSC registers ‘Fidelity Solana Fund’ statutory trust in possible step towards ETF filing
Fidelity declined to give additional details on the trust, which may signal that an application for a Solana ETF is incoming. ...

Tether CEO says full audit by ‘Big Four’ firm is ‘top priority’ following new CFO hire: Reuters
Tether recently appointed a new CFO and tasked him with organizing a full financial audit for the company, a "top priority" for the stablecoin issuer....

High-throughput Ethereum scaler MegaETH debuts public testnet, hitting 20,000 TPS on day one
The network is a crucial step towards launching the high-throughput scaling solution aiming to achieve 100,000 transactions per second. ...

Decentralized social media protocol Farcaster launches ‘blockchain-like’ data layer Snapchain
The launch closely follows the debut of Farcaster’s “Airdrop Offers” program, which rewards active use of the social media platform....

Haun Ventures seeks $1 billion to fund crypto startups: report
The firm previously raised $1.5 billion, which it largely deployed following the crypto market downturn in 2022. ...

‘Current approach is clearly a failure’: SEC crypto task force roundtable debates future regulation of digital assets
Securities lawyers and others discussed what makes an asset a security at the SEC's crypto task force roundtable. ...

DeFi should feel ‘magical’ for average consumers, says Coinbase product director behind new bitcoin-backed loans
Coinbase Product Director Michael Riani explains how that the goal of Coinbase's new bitcoin-backed loans is to make DeFi more accessible for everyday consumers....

Regulator halts Ethena’s USDe stablecoin offering in Germany over concerns
The halt was due to BaFin identifying "serious deficiencies in Ethena GmbH 's USDe token authorization" and instructed Ethena GmbH to freeze its asset reserve....