The Block

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The Block

The first and final word in digital assets

Bitcoin mining difficulty drops 7.8% as miner exodus accelerates amid AI pivot
Difficulty is now nearly 10% below where it started the year, despite a sharp 14.7% rebound in February after weather-related disruptions subsided....

Brazil’s new finance minister shelves crypto tax consultation amid election pivot: Reuters
The consultation was expected to address the tax treatment of crypto transactions following central bank regulations finalized last year. ...

CFTC staff details how crypto firms can use digital assets as derivatives collateral in new FAQ
The FAQ aligns the CFTC's framework with the SEC's recent haircut guidance, setting a 20% charge for bitcoin and ether and 2% for payment stablecoins....

Grayscale files for HYPE ETF tracking largest onchain perps DEX Hyperliquid
According to the filing on Friday, the Grayscale HYPE ETF would trade on the Nasdaq under the ticker symbol GHYP if approved. ...

‘Replacing humans is not close’: BlockSec challenges EVMBench on AI auditing
“The real question is not ‘Can AI replace humans?’ but ‘How should humans and AI work together?’” BlockSec co-founder Yajin Zhou said....

Lawmakers reach breakthrough with ‘agreement in principle’ over stablecoin yield in sweeping crypto bill
Key negotiators in advancing sweeping crypto legislation have reached an "agreement in principle" around the treatment of stablecoin yield. ...

Solana Foundation president says crypto gaming is dead
While blockchain gaming has yet to live up to its promise, some companies, and top brands, have not given up....

Kalshi faces temporary halt in Nevada as court grants restraining order: reports
Nevada is reportedly halting the operations of prediction market Kalshi within the state — at least for now....

BitFuFu leans further into cloud mining as revenue mix shifts, profitability swings to loss
The cost of mining bitcoin has climbed substantially over the past year, and miners are looking for steadier revenue streams....